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UAE lender NBF may tap capital markets: CEO

Reuters – National Bank of Fujairah, which has secured credit ratings from two international agencies, may tap the capital markets in the medium term to diversify its funding sources, its chief executive said on Tuesday. The Abu Dhabi-listed bank said in a bourse filing that it had received a Baa1/Prime-2 deposit rating from Moody’s Investors …

Daily News Egypt

Egypt: Banks attracting Gulf investors

  By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector back into the headlines on a positive note, helping offset a recent ratings downgrade. While the transactions also represent the …

Daily News Egypt

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