UAE’s First Gulf Bank Posts 7% Increase In Q1 Net Profit
First Gulf Bank, Abu Dhabi's second-largest bank by market capitalization, posted a 7-percent rise in first-quarter…
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Banks
NBE Settles Al Nasharty’s Debts After Acquiring Some Of Bankruptcy Assets
The National Bank of Egypt (NBE) approved in principle settling EGP 310 million debt of Amr Al Nasharty, chief of…
Omani Banks To Apply Basel III Next Year
Central Bank of Oman announced that ‘Basel III’ accord, the global regulatory standards on bank capital adequacy,…
Qatar Islamic Bank To Finance Middle East Dredging
Qatar Islamic Bank (QIB), one of the largest Islamic banks in Qatar and one of the top-five Shari'a-compliant banks…
UAE’s Bank of Sharjah To Cooperate With Commerzbank Group
Bank of Sharjah P.S.C. today announced that it has finalized and signed a cooperation agreement with Commerzbank…
Abou Al Naga Predicts An Increase In Egypt’s Foreign Reserves
Fayza Abou Al Naga, Minister of Planning and International Cooperation, affirmed that Egypt’s foreign reserves will…
Oman’s Bank Muscat Hosts Islamic Banking Seminar Today
Omani lender Bank Muscat is hosting a seminar on Islamic banking in Salalah today at the Ministry of Culture…
Spain’s Central Bank: Economy Shrank 0.4% In Q1
Spain's central bank said the country’s economy probably contracted 0.4 percent in the first quarter of…
Nasr Abdeen: Islamic President Would Harm Egyptian Economy
Mohamed Nasr Abdeen, CEO of Union National Bank Egypt, said “Winning of any Islamist candidate in the presidential…
“Private Funds” To Be Transferred To A Unified Account
Momtaz El-Saeed, minister of finance, said that prime minister’s decision to freeze private funds and accounts with…
