Saturday , August 19 2017

Banking

Egypt’s CIB accepts billionaire Sawiris offer for CI Capital

Bloomberg Commercial International Bank Egypt SAE approved an offer by billionaire Naguib Sawiris’ Orascom Telecom Media And Technology Holding SAE to buy its investment-banking unit CI Capital. Orascom Telecom made a non-binding offer to buy CI Capital for 924 million Egyptian pounds ($118 million), Egypt’s biggest publicly-traded lender said in ...

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AECB automates bank credit report-pulling processes

al etihad copy

Dubai / Emirates Business Al Etihad Credit Bureau (AECB) , the UAE’s credit reporting company, launched the Application-to-Application (A2A) advanced feature in January, granting lenders direct access to the Bureau’s database to extract that data they need and use it as direct input into their own decision-making systems. UAE’s Leading ...

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