Banks United Bank of Egypt studies pumping $112.6 mln into syndicated loans Yomna Yasser Jul 26, 2016 0 Egypt’s state-run United Bank is studying contributions worth around 1 billion Egyptian pounds ($112.6 million) to…
Banks Chinese banks’ current non-performing loans manageable – IMF’s Lipton Noha Gad Jun 14, 2016 0 The current level of non-performing loans at Chinese banks is a manageable problem, but must not be allowed to get…
MENA News Iraq says IMF deal ‘on track’ as cabinet approves reform package Noha Gad Jun 13, 2016 0 Iraq has approved measures requested by the International Monetary Fund to unlock loans that should help the…
International News Greece tells lenders it can’t implement some extra demands Noha Gad May 31, 2016 0 Greece has told its European and International Monetary Fund creditors it cannot implement some of the extra…
International News Greek parliament approves reforms in exchange for aid, debt relief Noha Gad May 23, 2016 0 Greek lawmakers approved tax increases and a new privatization fund on Sunday and freed up the sale of…
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 -…