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Egypt’s CIB says 2011 net profit fell 20 percent

Egypt’s CIB says 2011 net profit fell 20 percent

Commercial International Bank (CIB), Egypt's biggest private bank by assets, said on Wednesday its consolidated net profit fell 20.1 pct in 2011 as the economy slowed in the wake of Egypt's popular uprising.

February 23, 2012 10:27
 
Abu Dhabi gave EmiratesNBD liquidity boost for Dubai Bank buy

Abu Dhabi gave EmiratesNBD liquidity boost for Dubai Bank buy

Abu Dhabi gave Dubai's largest lender, Emirates NBD, a liquidity injection to help it absorb struggling Islamic lender Dubai Bank, ENBD's chief financial officer said on Wednesday.

February 15, 2012 2:20
 
Qatari lender QNB prices $1B, 5-year bond

Qatari lender QNB prices $1B, 5-year bond

Qatar National Bank , the Gulf state's largest lender by market value, priced a $1 billion five-year bond on Tuesday, the first global issue from a Qatari name this year.

February 15, 2012 2:15
 
Dubai Govt still backs state-linked firms – Sheikh Ahmed

Dubai Govt still backs state-linked firms – Sheikh Ahmed

The Dubai government will continue to support state-linked entities, the chairman of its Supreme Fiscal Committee said on Wednesday, two weeks after it walked away from debt talks at Dubai Group.

February 15, 2012 2:04
 
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