BANKING

12 Jul 2016

QNB Group: Financial Results for the Six Months Ended 30 June 2016

QNB Group, the leading bank in the Middle East and Africa (MEA) region, announced its results for the six months ended 30 June 2016.


For the first half of 2016, Net Profit reached QAR6.2 billion, (USD 1.7 billion) up by 12% compared to last"......

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11 Jul 2016

Hidden cost strangling Bottom Line at retail banks in Egypt: Expert

Emma Isichei, Worldwide Category Director, Capture Solutions at Kodak Alaris announced in a statement sent to Arab Finance retail banks in Egypt have done a commendable job of automating their customer-facing systems in recent years. Foremost"...

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11 Jul 2016

Egypt’s Pioneers total investments record $405.3 mln in three years

Egypt’s investment bank Pioneers Holding says total investments pumped in the last three years had amounted to 3.6 billion Egyptian pounds ($405.3 million).


These investments were part of Pioneers’ expansion strategy which involved acquiring a number of companies operating in food, industrial, real"......

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11 Jul 2016

Maybank Indonesia powers Indian branch operations with Intellect’s Integrated Treasury Management System

Intellect Design Arena Limited, a specialist in applying true Digital Technologies across Banking, Financial Services & Insurance, announced that Bank Maybank Indonesia one of the largest banks in Indonesia has gone live with Intellect’s"...

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11 Jul 2016

Devaluation Bets Stoke Egypt Stocks as Mideast Markets Reopen

Egyptian stocks had the biggest advance in almost four months, leading gains across most Middle Eastern markets, as traders speculated the country may devalue its currency as early as Tuesday.


The"...

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10 Jul 2016

EximBank finances Romania’s Romelectro with $15 mln for an energy project in Egypt

Export-Import Bank of Romania (EximBank) has granted to Romelectro SA, one of the biggest general contractors in energy projects, a multi level financing facility amounting RON 63 million (US$ 15.45 million), for a project that will be implemented in Egypt by the Romanian company.

...

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05 Jul 2016

World Bank, AFDB reports put CRCICA in line with international standards

An official at the Cairo Regional Centre for International Commercial Arbitration (CRCICA) said that two confidential reports from the World Bank and the African Development Bank (AFDB) showed that the CRCICA is independent from all parties and"...

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04 Jul 2016

S&P Reaffirms Its ‘A-’ Financial Strength and Counterparty Credit Ratings for IGI Bermuda and ‘A-’ Financial Strength Rating for IGI UK

Standard & Poor’s Ratings Services (S&P) reaffirmed the “A-” insurer financial strength and counterparty credit ratings on International General Insurance Company Ltd (IGI)’s Bermuda and “A-” insurer financial strength rating for UK operations and affirmed"...

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04 Jul 2016

World Bank and AFDB reports put CRCICA in line with international standards

An official at the Cairo Regional Centre for International Commercial Arbitration (CRCICA) said that two confidential reports from the World Bank and the African Development Bank (AFDB) showed that the CRCICA is independent from all parties and fits within the international standards for"...

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04 Jul 2016

88 per cent of parents consider postgraduate education for their children – HSBC report

Nearly nine in 10 parents around the world (88 per cent) would consider a postgraduate university education for their child, according to a new HSBC report, ‘The Value of Education Foundations for the Future’. This is almost as many parents as those who would consider an undergraduate"...

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