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08 December 08:55 AM

Banking

Exchange companies registered profits of KWD 13.77 million by September
12 November 12:43 PM Kuwaiti exchange companies’ profits down 4% in 9M
Mubasher: Foreign exchange companies in Kuwait saw a 4% decrease in net profits during the first nine months of the year, according to a statement by the Central Bank of Kuwait (CBK). Exchange companies registered profits of KWD 13.77 million …
Sector Reports
Hatem Sleiman, Regional Vice President - Middle East, Pakistan & Afghanistan, Western Union
31 October 11:53 AM Sleiman in Interview – Western Union starting to leverage platform in new ways
Mubasher: Western Union, the US worldwide financial services and communications company, has enhanced the UAE with the latest generation of omni-channel platform in a way of confirming the deep commitment to keeping the Middle East at the …
Sector Reports
Algorand’s ecosystem is now open to Islamic institutions using the platform
21 October 04:10 PM Algorand’s blockchain platform certified for sharia financing
Mubasher: The Algorand Foundation announced on Monday the certification of its blockchain platform in compliance with sharia financing, according to the organisation’s press release. Algorand enlisted Bahrain’s Shariyah Review Bureau (SRB), …
Global Economy
The USD retreated to USD 16.18 for buying at AAIB
16 October 04:46 PM USD edges down against EGP at banks on Wednesday
Cairo – Mubasher: The US exchange rate slightly fall against the Egyptian pound on Wednesday at several local banks. The USD went down by EGP 0.01 to EGP 16.18 for buying and EGP 16.28 for selling at the National Bank of Egypt (NBE) and Banque …
Banking and Finance
The USD dropped to EGP 16.24 for buying ADIB
15 October 02:12 PM USD falls against EGP at banks on Tuesday
Cairo – Mubasher: The US dollar exchange rate has continued to slide against the Egyptian pound on Tuesday at several local banks.  The USD declined by EGP 0.03 to EGP 16.19 for buying and EGP 16.29 for selling at the National Bank of Egypt (NBE) …
Currencies
The USD rate increased EGP 16.25 for buying at the United Bank
24 September 04:54 PM EGP drops against USD on Tuesday at local banks
By: Islam Fadl Cairo – Mubasher: The US dollar exchange rate has risen against the Egyptian pound at some local banks on Tuesday. The USD rate grew by EGP 0.15 to EGP 16.39 for buying and EGP 16.49 for selling at the National Bank of Greece – …
Macroeconomics
The bank plans to launch “Meeza” cards soon
18 September 03:48 PM EALB develops its infrastructure with EGP 1.4bn
By: Islam Fadl Cairo – Mubasher: Egyptian Arab Land Bank (EALB) works on developing its entire infrastructure in the current period, the bank’s chairman Amr Kamal said. The lender is injecting more than EGP 1.4 billion for the development of its …
Banking and Finance
Bank Audi is listed on the Beirut Stock Exchange
22 August 02:53 PM GGF invests $15m on EE and RE projects in Bank Audi
Mubasher: In line with its efforts to strengthen the lending portfolio in the areas of energy efficiency (EE) and renewable energy (RE), Green for Growth Fund (GGF) has recently invested $15 million in Lebanon’s biggest green lender, Bank Audi. …
Companies Investments
A group of factors pushed up the bank’s profit
30 July 04:43 PM Kuwait C. Bank’s profit soars in FY18/19
Mubasher: The Central Bank of Kuwait’s (CBK) profit jumped 88.22% year-on-year to KWD 212.13 million ($697.57 million) during the fiscal year 2018/2019, according to a statement released on Tuesday. A group of factors pushed up the bank’s profit, …
Commodities
The USD has settled at EGP 16.56 for buying at AAIB
24 July 10:37 AM USD stabilises against EGP early Wednesday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has settled earlier on Wednesday at some local banks.   The USD has stabilised at EGP 16.56 for buying and EGP 16.66 for selling at National Bank of Egypt (NBE), Banque Misr, …
Currencies
The USD fell to EGP 16.58 for buying at ADIB
14 July 04:13 PM USD falls against EGP on Sunday
By: Islam Fadl Cairo – Mubasher: The US dollar exchange rate declined against the Egyptian pound during late trades on Sunday at some local banks.   The USD dropped by EGP 0.01 to EGP 16.56 for buying and EGP 16.66 for selling at Banque Misr, …
Currencies
The USD has stabilised at EGP 16.55 for buying at CIB
11 July 10:54 AM USD stabilises against EGP early Thursday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has settled earlier on Thursday at some local banks.      The USD has remained unchanged at EGP 16.57 for buying and EGP 16.67 for selling at National Bank of Egypt (NBE), …
Banking and Finance
The CBK’s total assets grew 2.25% in May
10 July 05:09 PM Kuwaiti C. Bank’s int’l assets hit $37bn in May
Mubasher: Foreign net assets of the Central Bank of Kuwait (CBK) increased by 1.44% year-on-year to KWD 11.25 billion ($37.06 billion) in May, the CBK’s data showed. On a monthly basis, the CBK’s foreign assets rose 0.54% from KWD 11.19 billion in …
Banking and Finance
The USD has been steady at EGP 16.58 for buying at ADIB
10 July 11:32 AM USD trades steady against EGP early Wednesday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has stabilised earlier on Wednesday at some local banks.     The USD has settled at EGP 16.57 for buying and EGP 16.67 for selling at National Bank of Egypt (NBE), Banque …
Banking and Finance
The USD has settled at EGP 16.55 for buying at CIB
8 July 11:06 AM USD trades steady against EGP early Monday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has stabilised earlier on Monday at some local banks.       The USD has settled at EGP 16.58 for buying and EGP 16.68 for selling at National Bank of Egypt (NBE), Banque …
Banking and Finance
The USD has been steady at CIB at EGP 16.55 for buying
7 July 10:58 AM USD stabilises against EGP early Sunday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has settled earlier on Sunday at some local banks.     The USD has remained unchanged at EGP 16.58 for buying and EGP 16.68 for selling at National Bank of Egypt (NBE), …
Macroeconomics
The USD has settled at EGP 16.6 for buying at NBE
4 July 12:54 PM USD trades steady against EGP early Thursday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has stabilised earlier on Thursday at some local banks.       The USD has settled at National Bank of Egypt (NBE), Banque Misr, Bank Audi, Misr Iran Development Bank, and …
Banking and Finance
The USD rate declined to EGP 16.61 for buying at ADIB
3 July 03:10 PM USD drops 6 piasters against EGP in Wednesday's mid-trades
Cairo – Mubasher: The US dollar exchange rate fell by 1 to 6 piasters against the Egyptian pound at some local banks during Wednesday’s mid-trades. The USD rate declined by EGP 0.06 to EGP 16.61 for buying and EGP 16.7 for selling at Abu Dhabi …
Banking and Finance
The USD has settled at EGP 16.65 for buying at NBE
27 June 10:34 AM USD stabilises against EGP early Thursday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has settled earlier on Thursday at 17 banks.     The USD has remained unchanged at EGP 16.65 for buying and EGP 16.75 for selling at National Bank of Egypt (NBE), Banque …
Currencies
The USD has stabilised at EGP 16.65 for buying at NBE
23 June 12:07 PM USD trades steady against EGP early Sunday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has settled earlier on Sunday at 17 banks.       The USD has stabilised at EGP 16.65 for buying and EGP 16.75 for selling at National Bank of Egypt (NBE), Banque Misr, Al …
Macroeconomics
The USD grew to EGP 16.66 for buying at Credit Agricole
20 June 04:51 PM USD grows 7 piasters on Thursday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound rose by 2 to 7 piasters at 16 banks at the end of Thursday’s trading session.   The USD grew by EGP 0.07 to EGP 16.66 for buying and EGP 16.75 for selling at Credit Agricole. …
Currencies
FAB conducts its business in accordance with the highest professional standards
19 June 01:22 PM FAB closes operations in Qatar, relinquishes QFC branch licence
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) will shut down its operations in Qatar as it has notified the Qatar Financial Centre Regulatory Authority (QFCRA) that it will relinquish its Qatar Financial Centre (QFC) branch licence and …
Law
The USD increased to EGP 16.7 for buying at CIB
18 June 03:09 PM USD grows 3 piasters in Tuesday’s mid trades
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound rose by 1 to 3 piasters at nine banks during Tuesday’s mid-trades. The USD increased by EGP 0.03 to EGP 16.7 for buying and EGP 16.8 for selling at Commercial International …
Macroeconomics
The USD has settled at EGP 16.71 for buying at NBE
12 June 12:04 PM USD trades steady against EGP early Wednesday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has stabilised earlier on Wednesday at 17 banks.      The USD has remained unchanged at EGP 16.71 for buying and EGP 16.81 for selling at the National Bank of Egypt (NBE), …
Macroeconomics
The USD declined to EGP 16.76 for buying at ADIB
9 June 02:52 PM USD drops 5 piasters against EGP in Sunday’s mid-trades
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound fell by 3 to 5 piasters at banks during Sunday’s mid-trades, following the three-day holiday of Eid Al Fitr. The USD dropped by EGP 0.05 to EGP 16.76 for buying and EGP 16.85 …
Currencies