BANKING

24 Jul 2016

Qatar Stock Exchange and Iridium Launch Second Investor Relations Excellence Program

(ME NewsWire)-- Qatar Stock Exchange and Iridium Investor Relation today jointly announced that the Investor Relations Excellence Program will be repeated for a second year after its successful launch in 2015. The IR Excellence Program, which is the"...

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24 Jul 2016

Egypt eyes Afreximbank’s support to boost export industries in Africa

Egypt is seeking to boost its export industries to the African markets.


This comes on the sidelines of the 23rd annual meeting of the African Export–Import Bank (Afreximbank) when Egyptian Minister of International Cooperation Sahar Nasr discussed with Afreximbank president Benedict Oramah the importance"......

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24 Jul 2016

NBE gives SUMED $100m to finance project for the trading and storage of petroleum products

The National Bank of Egypt (NBE) gave the Arab Petroleum Pipelines Company (SUMED) a loan worth $100m to finance a project for the trading and storage of petroleum products and the launch of a quay in Ain Sokhna.


"...

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21 Jul 2016

Visa Adds Refugee Olympic Athletes to Complete Team Visa Rio 2016 Roster

Visa Inc. (NYSE:V) announced today the full Team Visa roster for the Rio 2016 Olympic Games. With 60 athletes, it is the most expansive group of Olympic and Paralympic athletes that Visa has supported to date.

......

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20 Jul 2016

Emirates NBD Egypt not to suspend card use abroad

Emirates NBD Egypt said on Tuesday it would not suspend use of its credit and debit cards abroad, contradicting an earlier notice informing customers their cards would be disabled outside Egypt from July 24.

Egypt's central bank last month asked banks to "ensure that debit cards, including pre-paid cards, issued in local currency by Egyptian banks...

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20 Jul 2016

Barclays begins Egypt sale process, at least two interested - sources

Barclays (BARC.L) has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East and North Africa region expressing interest in the business, sources familiar with the matter said on Tuesday.


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19 Jul 2016

AfDB current portfolio with Egypt hikes to $2.24 bln: official

The African Development Bank (AfDB)’s current portfolio for Egypt has surged to $2.24 billion, Leila Mokaddem, Resident Representative for Egypt at the AfDB, announced on Monday.


The"...

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19 Jul 2016

Bank of America Reports Second-Quarter 2016 Financial Results

Bank of America today reported its second-quarter 2016 financial results. The news release, supplemental filing and investor presentation can be accessed in the following ways:

18 Jul 2016

A.M. Best Affirms Ratings of International General Insurance Holdings Limited and Its Subsidiaries

Insurance and reinsurance rating agency A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) “A-” of International General Insurance Company Limited (IGI) (Bermuda) and International General Insurance Company (UK) Limited (IGI"...

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17 Jul 2016

Egypt’s central bank examines 4 scenarios for EGP future against dollar

The Central Bank of Egypt (CBE) is looking into four scenarios for the future of the Egyptian pound against the US dollar after fixing the price of the former on Tuesday.

The official explained that these scenarios include leaving the current situation as is and continuing to fix"...

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