Business Blog

National Bank of Egypt (NBE), Banque Misr, Commercial Bank of Egypt (CIB), Arab African International Bank (AAIB) , QNB Al Ahli and Faisal Islamic bank agreed to allocate EGP1 billion from South Helwan Power Plant's loan.

Managing Director of Egyptian Takaful Company (Life) GIG Hisham Abdel Shakour revealed that the company plans activating marketing its products through Audi and Abu Dhabi Islamic banks by October.

The World Islamic Economic Forum (WIEF) Foundation and Dubai Chamber of Commerce & Industry (Dubai Chamber) unveiled on Tuesday at a press conference in Kuala Lumpur details of the upcoming 10th WIEF which will be held in Dubai on Oct. 28- 30, 2014 at the Madinat Jumeirah Conference Centre.

Islamic Development Bank (IDB) has approved USD 987 million in funds for supporting economic and social development projects and programmes in its member countries, in addition to grants for Muslim communities in non-member countries.

The World Islamic Economic Forum (WIEF) Foundation and Dubai Chamber of Commerce & Industry (Dubai Chamber) on Tuesday unveiled the detailed agenda of the upcoming 10th WIFE in Kuala Lumpur.

Abu Dhabi-listed Islamic insurer National Takaful Co (Watania) said UAE regulators had approved the sale of 60.53% of the firm to MB UAE Investments and an affiliate of MB.