AAIB Disburses 12,000 Yellow Remittances
Arab African International Bank (AAIB) paid out EGP 50 million which is the value of 12,000 yellow remittances,…
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Banks
BLME Signs Murabaha Financing Agreement with Masthaven
Bank of London and The Middle East ("BLME"), the largest Islamic bank in Europe whose main shareholders are Boubyan…
World Islamic Finance Assets Reach $1.3 Trillion
Global Islamic financial assets rose 150% over five years registering $1.3 trillion in 2011, a report by UK Islamic…
Egyptian Gulf Bank Approves 2011 Financial Results
Egyptian Gulf Bank’s ordinary general assembly approved board of directors’ report on EGB’s performance in FY ended…
S&P Affirms Stable Outlook For National Bank of Kuwait
Standard & Poor's, the international credit rating agency, affirmed the long-term credit ratings of National…
NBE Considers Funds for Schools and Poultry
National Bank of Egypt (NBE) studies offering a new finance product that will meet the needs of governmental and…
IDBE’s Loans Portfolio Posts 18% Increase
Industrial Development & Workers Bank of Egypt‘s direct loans' portfolio raised with EGP 600 million,…
Oman’s Private Bank Deposits Rise 12% In January 2012
Central Bank of Oman (CBO) announced that Total value of private deposits at the commercial banks in the Sultanate…
Security Breach Hits MasterCard & Visa Accounts
Payment network operators MasterCard Inc, Visa Inc, American Express Co and Discover Financial Services were hit by…
Indonesia’s Bank Central Asia Net Income Rises 28% As Lending Grows
PT Bank Central Asia (BBCA), Indonesia’s largest financial services company by market value, posted a 27.6 percent…
