Barclays Faces Revolt Over Bob Diamond’s Pay Package
Shareholders’ anger over the pay of Barclays’ CEO Bob Diamond is set to prompt a rebellion at its annual meeting…
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Banks
Ahli United Bank Raises Capital By 50%
Ahli United Bank-Egypt, subsidiary of Bahraini Ali United Group, raised its paid up capital by 50%, reaching EGP…
CBE: Banks Disbursed EGP 781 Mln Yellow Remittances In Two Weeks
The volume of yellow remittances disbursed in the last two weeks reached EGP 781 million, 33% of the total volume…
NBD& Bank Audi Lead A Consortium To Finance Al-Nouran Sugar Company
A consortium led by National Bank for Development, Bank Audi, Banque Misr and Arab Banking Corporation are set to…
Deutsche Bank’s Henry Azzam Steps Down
Henry Azzam, Chairman of Middle East and North Africa (MENA) region at Deutsche Bank, has stepped down, the German…
NBE Settles EGP 100 Mln Debts In Exchange For Assets In Ain Sukhna
National Bank of Egypt (NBE) approved settling EGP 100 million debt of a customer in exchange for a hotel and some…
Qatar National Bank’s Assets Rise 28.2% in Q1
Qatar National Bank Group has announced its financial results for the three months ended 31 March 2012. The group…
Banque Misr Looks To Launch Islamic Durable Goods Fund
Banque Misr studies launching Murabaha (Islamic finance) fund for durable goods as well as Musharaka (Islamic joint…
China’s Regulator Tightens Supervision Over Banking Operations
China's top banking regulator has started a nationwide crackdown on irregular banking operations, including…
Bank Of India: Credit & Deposit To Grow 20-25 Pct In FY13
State Bank of India, the country's top lender, expects credit and deposits to grow 20-25 percent in the fiscal year…