Piraeus Bank To Sell Egypt’s Unit
Five parties from Middle East and North Africa are attracted to acquire Greece's Piraeus Bank arm in Egypt, valued…
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Banks
Bank of England Maintains Interest Rate At 0.5%
The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank…
Misr Iran’s Retail Portfolio Registers 15 Mln At The End of Q1
Misr Iran Bank’s retail portfolio rose by EGP two million, registering EGP 15 million at the end of the first…
EFSA Approves AUB’s Islamic Mortgage Product
Egyptian Financial Supervisory Authority (EFSA) approved Ahli United Bank Group’s Islamic Sharia-Compliant mortgage…
Kuwait’s Burgan Bank In Talks to Buy Eurobank’s Turkish Stake
Greece's EFG Eurobank (EFGr.AT) announced that it is in advanced discussions with Burgan Bank from Kuwait to sell…
UAE’s ADIB Approves 50% Cash Dividend
Abu Dhabi Islamic Bank (ADIB) approved a 24.42% cash dividend, equals to 50% of 2011 net profit, to shareholders…
Cameron Launches £600 Mln Big Society Fund
British Prime Minister David Cameron Wednesday launched his Big Society Bank — a £600 million fund to support…
Qatar Sells $1.1 Bln T-Bills
Qatar is offering the highest yields in the Gulf Cooperation Council on treasury bills as the nation hosting the…
Japan Parliament Rejects BOJ Nominee Pressing For More Easing
Prime Minister Yoshihiko Noda’s nominee to the Bank of Japan (8301) board was rejected by the upper house of…