CBE Sells T-bills For EGP 2 Bln
Ministry of Finance said the yield on treasury bills rose and the Central Bank of Egypt sold only EGP 2 billion…
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Ahli United Bank To Launch Alpha Fund In Q3
Ahli United Bank-Egypt delayed launching its second mutual fund “Alpha Fund” to the third quarter of the current…
Albaraka Turk Opens Branch In Iraq
Albaraka Turk Katilim Bankasi AS (ALBRK), a Turkish Islamic bank, opened a branch in Erbil, northern Iraq and plans…
Bank of Beirut Profit Rises 8.5%
Bank of Beirut reported an 8.54 percent year-on-year increase in net profits at the end of the first quarter of…
Qatar Islamic Bank Financial Strength Rating Affirmed On ‘A’; Negative Outlook
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Qatar Islamic…
Qatar & Abu Dhabi Wealth Funds In Talks With NBNK Over Lloyds Bid
Middle Eastern wealth funds Qatar Holding LLC and Abu Dhabi’s Mubadala Development Co. have held talks with Lloyds…
Central Bank of China To Widen Channels For Capital Outflows
China will widen channels for capital outflows and work toward making the yuan convertible on the capital account,…
Spain banks To Assume Cost Of Unprovisioned Property Losses
Spain's banking sector, not the government, will assume the cost of any unprovisioned losses on real estate assets…
Russia’s Lavrov: Sanctions On Iran Banks Violate IMF Charter
Russian Foreign Minister Sergei Lavrov says the sanctions imposed against Iran’s banking system violate the charter…
Al Watany Bank Passes Fire Without Losses
There were no human or material losses in Al Watany Bank of Egypt’s branch in Dokki after the fire that that…