EU leaders agree to Greek bailout


Europe’s leaders agreed late on Thursday to release a fresh €12bn bailout for Greece provided it passes an austerity package before its parliament.
 Greece is expected to introduce strict measures of €28bn in tax rises and spending cuts and in addition will have to commence a €50bn programme in privatisations of state assets.
 “Greece must…

Inbursa: Growth with profitability

The bank has a very strong balance with a 20.5 percent tier one capital ratio, and its loan loss reserves cover 5.4 times the non performing loans. The strength is reflected in the BBB rating that Standard & Poor’s has given Inbursa – the highest rating in Mexico. Low operating costs is a key principle…

Ideas-based trading

Forex gained the confidence of active people investigating avenues of generating additional income long ago. Distance methods of earning are the most popular ones and attract the attention of the majority. Their unquestionable advantage is that they do not require any initial expenditure and time for transfers – trading on forex meets these requirements. At…

New growth frontier for Islamic finance

In Islamic banking, traditionally banks do not invest in interest bearing instruments like treasuries or bonds, which means all deposits collected are transferred to the real economy as “murabaha” loans. Besides supporting real businesses and production, it protects the borrower from financial shocks in crisis situations. Furthermore, in the Islamic system, banks cannot call back…

Adapt and thrive

Kuwait Investment Company (KIC) is a public shareholding company, incorporated under the laws of the State of Kuwait on 25 November 1961 and listed on the Kuwait Stock Exchange. The company has been a leading player in the investment industry in Kuwait and the GCC over its 50 years of operation, passing through numerous economic…

Sinosteel halts Australian $2.1bn iron ore project


Chinese iron ore trading developer Sinosteel Midwest suspended work on its $2.1bn Australia-based Weld Range iron ore mining project due to uncertainty surrounding the proposed Oakajee port and rail project.
 The $5.2bn joint venture between Mitsubishi and Murchison Metals has been inundated by delays recently and Sinosteel, one of the largest investors by a Chinese…

A dynamic evolution

First Bank of Nigeria Plc (FirstBank), established in 1894, is a premier bank in West Africa and the leading financial services solutions provider in Nigeria. The bank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, UK. With its head office originally in Liverpool, the bank commenced business on a modest scale in…

Inbursa: Growth with profitability

The bank has a very strong balance with a 20.5 percent tier one capital ratio, and its loan loss reserves cover 5.4 times the non performing loans. The strength is reflected in the BBB rating that Standard & Poor’s has given Inbursa – the highest rating in Mexico. Low operating costs is a key principle…

Ideas-based trading

Forex gained the confidence of active people investigating avenues of generating additional income long ago. Distance methods of earning are the most popular ones and attract the attention of the majority. Their unquestionable advantage is that they do not require any initial expenditure and time for transfers – trading on forex meets these requirements. At…