CBE To Offer EGP 2.5 Bln Bonds
Central Bank of Egypt (CBE) will offer EGP 2.5 billion ($413.5 million) in reopened bonds at an auction on May 7.…
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Banks
Bahrain’s GIB Net Income Rises 23%
Bahrain-based lender, Gulf International Bank (GIB) has said its consolidated net profit after tax rose 23%…
Dubai Banks’ Profits Declines 35% In Q1
The net profits of Dubai-based banks dipped by nearly 35 per cent in the first quarter of 2012 and the bulk of the…
Malaysia’s Zeti Emphasizes Economic Well-being Challenge of Islamic Finance
The advancements the Islamic finance industry has made in the last decade have resulted in wide-ranging new…
Piraeus Bank Launches Credit Cards Next Week
Piraeus Bank-Egypt will launch a variety of credit cards next week, official sources told Amwal Al Ghad. Sources…
UAE’s National Bank Of Fujairah Q1 Profit Records Dhs64.5 Mln
National Bank of Fujairah PSC (NBF) recorded a net profit of Dhs64.5m for the three month period ended 31 March…
Saudi Arabia’s Banks Q1 Profit Reports SR9.6 Bln
Saudi Arabia’s 12 major banks reported a total profit of SR9.6 billion in Q1, 2012, reflecting a year-on-year…
Dubai Islamic Bank Q1 Net Profit Registers Dhs245 Mln
Dubai Islamic Bank (DIB) announced its financial results for the three months ending March 31, 2012, demonstrating…
Kuwait’s Warba Bank Signs USD 20 Mln Property Finance Deal
Kuwait lender Warba Bank (WB) has concluded a financing deal to purchase a USD-20-mln property and develop it into…
Al-Moussa To Head Kuwait Commercial Bank
Commercial Bank of Kuwait plans to appoint Ali al-Moussa as chairman and managing director.Al-Moussa will resign…