Tech news Google turns down payday lender ads Ghada Ismail May 12, 2016 0 Google, a unit of Alphabet Inc, said it would ban advertisements for payday loans as these "deceptive or harmful…
Banks National Bank of Egypt net profit jumps 157% in H1-FY2015/16 Yomna Yasser May 11, 2016 0 The National Bank of Egypt (NBE), the country’s largest public lender, posted a 157 percent rise in net profit in…
Banks Misr Iran Bank Q1 customer deposits record 11 bln Egyptian pounds Yomna Yasser Apr 23, 2016 0 Egypt’s Misr Iran Development Bank (MIDB) registered y-o-y rise in customer deposits to reach 11 billion Egyptian…
Financial Institutions Fitch: Saudi Arabia’s loan shows fiscal risk, may have structural benefit Yomna Yasser Apr 23, 2016 0 Saudi Arabia's move to raise US$10 billion via an international bank loan reflects the pressure on its fiscal…
Banks Egypt’s Industrial Development Bank’ SMEs portfolio hits $112mn aya salah Apr 16, 2016 0 Small and medium-sized businesses (SMEs) acquire 16 percent of the Industrial Development and Workers Bank -…
Egypt News Egypt, Saudi Arabia sign loan agreements totaling $24 billion aya salah Apr 11, 2016 0 Egypt and Saudi Arabia have signed final loan agreements worth over $24 billion during King’s Salman official…
Banks Blom Bank-Egypt 2015 profit 47.6% Yomna Yasser Mar 31, 2016 0 Egypt’s Blom Bank posts a 47.6 percent rise in net profit during 2015 to record 372 million Egyptian pounds ($42…
Banks Bank of America revs up auto loans business despite warning signs Noha Gad Mar 3, 2016 0 Bank of America (BAC.N) is making a big push into auto lending just as regulators are sending warning signals,…
Egypt News Egypt to sign soft loans of $575 mln with Japan, South Korea aya salah Feb 28, 2016 0 Egypt will sign three concessional loan agreements with Japan and one with South Korea worth a total of $575…
Egypt News Egypt targets new 656,000 affordable homes in 2 1/2 years aya salah Feb 25, 2016 0 Egypt's government is aiming to finish building 656,000 socially affordable housing units over the coming two and…