Arab International Bank

Arab International Bank

A bank in Egypt. It provides a full spectrum of retail banking services, primarily for export industries, notably natural gas, oil, pharmaceuticals, telecommunications, and tourism. It was established in 1974. See also: Arab-African International Bank.
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Alubaf Arab International Bank saw net profit soar by a massive 88 per cent last year to $15.
He had earlier held managerial posts with Arab International Bank, Credit Lyonnais and Arab Banking Corporation.
Other contributing banks include the Commercial International Bank (CIB), Arab African International Bank, Emirates NBD, the United Bank, QNB Al-Ahli, Faisal Islamic Bank of Egypt, SAIB, Egyptian Gulf Bank and Arab International Bank (AIB).
MANAMA: Bahrain-headquartered Alubaf Arab International Bank recorded a net profit of $19.
Alubaf Arab International Bank posted a net profit of $5 million for the nine-month period ended September 30 this year.
The Bahrain international offshore market has been badly hit, with two more banks, Kuwait Asia and Bahrain Arab International Bank, closing down.
Rushdi Saleh, a banking analyst at Arab International Bank, said: "The use of mobile phones [for payment] is a very sophisticated method in the Egyptian banking market, so the idea is not that there is a service but rather the extent of the service's use, and that is what must be given interest and studied.
NBK, the sole arranger and book runner for the transaction, was joined by a syndicate of international and regional institutions, including: Calyon Corporate and Investment Bank and Gulf Bank as co-arrangers and mandated lead arrangers, Al Ahli Bank of Kuwait, Mashreq Bank, Arab International Bank, Arab Bank, Qatar National Bank, Al Khaliji Commercial Bank, Ahli United Bank, Arab African International Bank and International Bank of Qatar, as mandated lead arrangers .
While most remaining OBUs have recovered, there are several in trouble, including the Bahrain Arab International Bank which could become the first locally-incorporated OBU to close.
Vice Chairman of the Board of Directors of Arab International Bank Hassan Abdel Magued said: "It has been observed that a number of foreign investors followed the situation in Egypt and hoped to invest.
MANAMA: Alubaf Arab International Bank saw net profit soar by a massive 88 per cent last year to $15.
Nestled in the heart of downtown Cairo is the opulent headquarters of Arab International Bank,a secretive bank that has allowed kleptocrats to funnel money out of the country for decades with barely any regulatory oversight.
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