Demand On Sukuk Rises Despite Greek Exit Fears
While the Euro zone crisis has been weighing on investors' sentiment and on global economic prospects, the issuance…
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Banks
Samsung And Visa Showcase Mobile Payments At The London 2012 Olympic
NFC technology takes a leap forward in the form of the Samsung GALAXY S III with Visa mobile contactless payments…
Audi: EGP 35 Million Net Profits For 2012, Q1
Bank Audi Egypt recorded a raise in net profit for the first quarter of this year with 172% that is equivalent to…
Banque Misr Issues 80,000 Yellow Remittance With EGP 279 million
An official source said that Banque Misr disbursed 80 121 yellow remittances worth EGP 279.926 million two months…
IDBE Settles EGP 450 million for 62 customers
Industrial Development & Workers Bank of Egypt succeeded to settle 62 nonperforming clients valued at EGP 450…
IMF Chief calls on Greeks to ‘Help them by Paying Taxes’
International Monetary Fund (IMF) chief Christine Lagarde says that all austerity-hit Greeks should help to improve…
Museum Head To Oversee Risk At JPMorgan
The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American…
Merger Between Oman’s OIB & HSBC Halted
HSBC's proposed merger of its Omani business with Oman International Bank has been halted by the Gulf Arab state…
KSA’s Banks Face Risk From Asset Liability Mismatch: Alinma CEO
Saudi Arabia’s banks face the biggest risk from a maturity mismatch between assets and liabilities and need to find…
Greek Exit From Euro Will Cause Contagion: Investors
Europe’s banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of…