Egypt, S. Arabia for strengthening collaboration
Egypt’s Minister of International Cooperation Rania A. Al-Mashat met with the Minister of Economy and Planning of…
Browsing Tag
NBD
Emirates NBD H1/2013 Net Profit Up 40 % To AED 1.81 Bln
Emirates NBD (DFM: EmiratesNBD), the leading bank in the region, today announced its half year results for the…
National Bank For Development Changes Name To Abu Dhabi Islamic Bank-Egypt
The National Bank for Development has changed its name to Abu Dhabi Islamic Bank – Egypt on April 3rd, 2013. The…
Emirates NBD Q1 Net Profit Jumps 31%
Emirates NBD, Dubai's largest bank by market value, on Thursday said its first-quarter net profit rose 31 percent…
NBD Shuts Down Main Branch In Simon Bolivar On Violent Clashes
The National Bank for Development (NBD) has closed its main branch nearby to Simon Bolivar Square today because of…
Arab Orient Takaful Insures National Bank For Development With EGP 500 Mln
The Arab Orient Takaful Insurance Company (AOTIC) signed a contract to insure the National Bank for Development…
NBD Signs 1st Shari’a Compliant Syndicated Financing Deal At US$ 110 Mln
As part of its leading role in the Egyptian Islamic Banking Sector, the National Bank for Development (NBD)…
Gulf Banks Replace Europeans As Middle East Buyers, S&P Says
Gulf banks will remain big buyers of financial assets in the Middle East and North Africa, attracted by lower…
Banks Arranging Egyptian Potash Loan Sign Terms Sheet
The National Bank for Development (NBD), Bank Audi Egypt and Banque Misr, arranging an EGP 688 million loan for the…
6 Banks Sign Loan Agreement With East Delta Electricity Production
The National Bank for Development (NBD), Banque Misr, Egyptian Gulf Bank, Al Baraka Islamic Bank of Egypt, Bank…
National Bank For Development Named Best Islamic Bank In Egypt
In a step that confirms its leadership in the banking sector, for the 3rd consecutive year the National Bank for…
Emirates NBD Partners With Harvard Business Publishing In Leadership Development
Emirates NBD, the leading Banking Group in the region, celebrated the successful delivery of a new batch of the…
Gulf Banks Ready To Invest In Egypt
Gulf banks are betting on Egypt despite anti-government protests continuing in several cities. Hot on the heels of…
National Bank For Development Defers Signing Islamic Loan Contract
The National Bank for Development (NBD) decided to delay the signing of the protocol of the first Islamic…
Egyptian Potash Delays Receiving EGP 688 Mln Loan
The Egyptian Company for Potash and Chemical Industries has delayed receiving the EGP 688 million Islamic…
NBD Signs Up To Standard Chartered’s Islamic Euro Nostro Product
Egypt’s National Bank for Development (NBD) (DEVE), in cooperation with Abu Dhabi Islamic Bank Group has signed up…
National Bank For Development 9-Month Retail Loans Up 14.6%
The National Bank for Development’s (NBD) retail loans witnessed an increase of EGP 299 million (14.6%),…
National Bank For Development’s Islamic Finances Hit EGP 3.8 Bln In Q3
The National Bank for Development’s (NBD) Islamic finances (after deducting impairment losses) rose by EGP 724.4…
Returns On Savings Instruments Downed Due To Low Lending Rates
A number of bankers said that some banks have taken procedures to reduce interest rates on savings certificates as…
UAE, Morocco Banks Bid For BNP Egypt Unit – Sources
Dubai's Emirates National Bank of Dubai (NBD) and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian…
Beltone Targets Current Assets Volume Raise to EGP 32 Bln
Beltone Financial (BTFH.CA) targets raising the total volume of its current assets to EGP 32 billion by the end of…
NBD Launches 1st Islamic Investment Bank In Egypt
The National Bank for Development (NBD) is set to launch Abu Dhabi Islamic Investment Company (ADI Capital) in…
NBD Mulls Providing Emaar Misr With EGP 200 Mln Finance
The National Bank for Development (NBD) considers providing sharia-compliant credit facilities amounting to EGP 200…
East Delta Electricity Co. To Hold GM For Islamic Syndicated Loan
The Board of Directors of the East Delta Electricity Production Company will meet next Monday to approve the…
Exclusive: Banks’ Contributions To East Delta Electricity Production Loan
The National Bank for Development (NBD) arranged the average-term syndicated loan amounting to EGP 620 million for…
NBD: Three Banks To Contribute To East Delta Electricity Production Loan
Three banks have initially approved to cover from 70% to 75% of the Islamic finance amounting to US$ 120 million…
Nevine Loutfy; The Lady of Banking
Nevine Loutfy has been the Chief Executive Officer and Managing Director of The National Bank For Development (NBD)…
NBD Owns Leading Role In Car Finance Sector
The National Bank for Development (NBD) acquired a leading rank in car lending sector, thanks to the increasing…
NBD in Cooperation with Abu Dhabi Islamic Bank Announces its H1 2012 Results
The National Bank for Development (NBD) announced its H1 2012 financial results, which demonstrate the continuation…
NBD Posts EGP 179.4 Mln Net Loss In H1 2012
The National Bank for Development’s (NBD) consolidated results posted a post-tax net loss of EGP 179.427 million in…
AWB Considers Contributing EGP 250 Mln To Al Nouran Sugar Loan
Al Watany Bank of Egypt (AWB) considers contributing to the sharia-compliant syndicated loan worth EGP 1.2 billion…
Banque Misr Joins Consortium Arranging EGP 688 Mln Finance To Egyptian Co. For Potash
Banque Misr has joined the consortium encompassing National Bank for Development (NBD) and Bank Audi which arranges…
Loan Arrangers Invite Banks To Contribute To Al-Nouran Sugar Loan
The National Bank for Development (NBD), Bank Audi and Banque Misr are currently inviting other banks to contribute…
ENBD Records Dh1.3b Profit
Emirates NBD, the largest UAE bank by assets, on Monday posted a first-half net profit of Dh1.3 billion, up 274 per…
Bank Audi, NBD Invite Banks To Contribute To EGP 688 Mln Loan
Bank Audi and the National Bank for Development (NBD) will invite other banks to contribute to the EGP 688 million…
NBD Launches E-Government Payment for taxes and Customs through 70 Branches
As a result of the National Bank for Development’s (NBD) keenness to provide advanced banking services, the bank…
United Bank Considers Contributing With EGP 25 Mln To East Delta Loan
The United Bank has given a preliminary approval to contribute to the loan worth US$ 120 million arranged by the…
NBD Secures Banks’ Approvals Over Contribution To East Delta Loan
Al Baraka Bank, Faisal Islamic Bank, United Bank, Bank Audi and Banque Misr are among 10 banks that approved to…
NBD Starts Marketing The US$ 120 Mln Loan For East Delta
The National Bank for Development (NBD) has started the marketing campaign for the US$ 120 million loan offered to…
NBD Offers East Delta Electricity Co. US$ 120 Mln Mudaraba Loan
National Bank for Development (NBD) has signed last week the syndicated loan agreement targeted for East Delta…