Bahrain / Emirates Business BisB announced that it has achieved positive financial results which reflect on the continuous improvement on the Bank’s position. The Bank has realized BD 11.2 million as net profit for the year ended on 31st December 2015, compared to BD 9.3 million for the previous year, an increase of 20%. The Bank has registered net profit …

Jeddah / Emirates Business Deutsche Bank announced the appointment of Jamal Al Kishi as Chief Executive Officer, Middle East and Africa with immediate effect, replacing Ashok Aram who as previously announced is relocating to Frankfurt as Chief Executive Officer Europe, Middle East and Africa (excluding Germany and the UK). Al Kishi, subject to regulatory approvals, will remain Chief Executive Officer …

Bloomberg Egypt’s central bank will consider floating the country’s currency when foreign reserves are almost double their current level, the bank’s governor said in a televised interview. Tarek Amer’s comments on al-Qahira Wel-Nas were his clearest signal yet that the central bank has no intention of devaluing the Egyptian pound at present, despite growing analyst predictions that such a move …