Lebanon PM Calls on Common Arab Bank Inception
Caretaker Prime Minister of Lebanon Najib Mikati is stressing the importance of establishing a Common Arab Bank, to…
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Arab Banks’ Assets Have Exceeded US$2.7 Tln; Says Barakat
By virtue of a strong financial position, liquidity and profitability, the Arab banks attained average growth rates…
CIB Egypt Q3 Net Income Climbs 51% to EGP920 mln
Egypt's Commercial International Bank – Egypt (CIB Egypt) (COMI.CA), Egypt's biggest listed bank, said on Tuesday…
SODIC Says to Sign EGP1.1 bln Definitive Loan Deal at November-End
Six of October Development & Investment SODIC - (OCDI.CA), the leading Egyptian real estate developer, said it…
Mobinil, BNP Paribas Launch Mobile Payment Service
Mobinil (EMOB.CA) announced today the launch of “MobiCash” service in collaboration with BNP Paribas bank (soon to…
Hermes Reiterates Credit Agricole Egypt Buy Rating After Strong Q3 Results
EFG-Hermes reiterated, in a recent study, Credit Agricole Egypt (CIEB.CA) Buy rating, as we continue to view…
BofA Should Pay $863 Million in Fannie Mae Case: U.S.
Bank of America Corp. should pay the maximum penalty of $863 million for selling defective loans to Fannie Mae…
Crédit Agricole Egypt’s Assets Surge to EGP23.39 bln in 9 Months
Crédit Agricole Egypt’s loan and credit facilities portfolio grew by EGP 151.2 million to EGP 12.94 billion at the…
Bernanke Says Failing Bank Process Needed to Reduce Crises
Federal Reserve Chairman Ben S. Bernanke said a process under development that would allow regulators to take down…
Egypt’s Foreign Reserves Fall to $18.59 bln in October – CBE
Egypt’s net foreign reserves hit US$ 18.59 billion at the end of October, 2013, compared with US$ 18.709 billion in…