Social Housing Fund, QNB bank sign protocol aimed at financing affordable housing

Mon, 02 Oct 2023 - 04:53 GMT

The new protocol seeks to facilitate financing options for low and middle-income individuals seeking housing units offered by the Fund

QNB AlAhli's profits dip to LE 7.49B in 2020

Wed, 13 Jan 2021 - 04:36 GMT

As per QNBA standalone results, profits hiked to hit LE 7.4 billion, down from LE 8.32 billion in 2019.

QNB reduces its stake in Egyptian unit to 95%

Sun, 25 Feb 2018 - 02:42 GMT

QNB sold 13.5 million shares of QNB Alahli worth LE 815.12 million ($46 million), with a value of LE 60 per share.

Qatar banks seek Asian, European funding as diplomatic crisis bites

Thu, 24 Aug 2017 - 09:03 GMT

Qatari banks are turning to Asia and Europe for funding after clients from other Arab states pulled billions of dollars from their accounts following a regional diplomatic rift.

Four Egyptian banks among top 1k banks worldwide: Study

Mon, 21 Aug 2017 - 02:23 GMT

Total capital of the four banks is valued at $7.4 billion, while the assets they manage amounted to $152.7 billion.

Qatari banks in trouble as boycott extends

Sat, 12 Aug 2017 - 08:00 GMT

Being heavily dependent on foreign funds, the Qatari banking system was the first sector to be negatively influenced with some Gulf firms and individuals.

Business news wrap-up

Thu, 10 Aug 2017 - 05:11 GMT

A wrap-up for the most prominent news circulated during the day.

Business news wrap-up

Tue, 08 Aug 2017 - 03:35 GMT

A wrap-up for the most prominent news circulated during the day.

QNB ‘considers loans, bond sales’

Tue, 08 Aug 2017 - 07:50 GMT

A final decision regarding the matter is yet to be made, sources tell Bloomberg.

CI Ratings shoots negative outlook to 6 Qatari banks

Wed, 26 Jul 2017 - 03:33 GMT

Six Qatari banks were given negative on potential risks, international credit rating agency CI Ratings said Wednesday.

CIB, Elsewedy, Global Telecom in Forbes’ top Arab companies

Thu, 15 Jun 2017 - 08:53 GMT

Three Egyptian companies have been listed on the prestigious Forbes Top 100 Arab Companies list, released Wednesday.

QNB to grant credit up to 75% of new industrial factories’ prices

Sat, 06 May 2017 - 07:30 GMT

(QNB) will provide credit facilities for new factories under the initiative of Your Factory Is Ready, up to 75 percent of the factory price