February 3, 2016
Luxury CardTM has launched three new metal credit card products with patented designs and construction: the top-tier MasterCard® Gold CardTM, the mid-level MasterCard® Black CardTM and the base-level MasterCard® Titanium CardTM.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160203005422/en/
Luxury"...Continue Reading >
January 27, 2016
Bank of America (NYSE: BAC):
To view the full report and tables please click here.
Certain prior period amounts have been reclassified to conform to current period presentation.
This information is preliminary and based on company data available at the time of the presentation.
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January 23, 2016
This is the first time since the single European currency appeared in 2002 that we’ve arrived at such a staggering rate on the informal hard currency market in Algeria.
Now, it costs no less than 20 banknotes of 1,000 Dinars for a 100 Euro banknote on the strongholds of this kind of informal activity, which by the way is a loss to the Public Treasury owing to the lack of official money exchange offices in the country.
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January 21, 2016
The State banks on boosting agriculture to ensure a diversified non-hydrocarbon development, said Wednesday Minister of Interior and Local Authorities Noureddine Bedoui in in Ouargla (800-km southeast of Algiers).
"Boosting and encouraging agricultural activities, as sustainable wealth, particularly in the southern regions, are among the main objectives of the State"...Continue Reading >
January 19, 2016
The New York Institute of Finance announced today that it is partnering with the Global Markets Advisory Group to offer comprehensive consulting services to financial regulators, exchange operators and market participants in emerging and frontier markets.
GMAG, a consortium of former senior exchange and finance executives from the New York Stock Exchange, the Depository"...Continue Reading >
January 18, 2016
Algeria’s finance minister Abderrahmane Benkhalfa Sunday said businessmen must not store money and should deposit it at banks.
He quoted a verse of the Quran, saying “And there are those who bury gold and silver and spend it not in the way of God: announce unto them a most grievous penalty.”
He believes that banks"...Continue Reading >
January 13, 2016
QNB Group, a leading bank in the Middle East and Africa, continued to record robust growth in profitability, with Net Profit for 2015 amounting to QR11.3 billion (USD3.1 billion), up by 7.7% compared to 2014.
Based on the strong financial results for 2015 and consistent with QNB Group’s aim of"...Continue Reading >
January 11, 2016
"The Central Bank started to gradually cut liquidity withdrawals. The banks and the financial establishments are expected to return to refinancing from the Bank of Algeria, notably through the re-discounting," Laksaci said while presenting a report on the economic situation of the first ten months of 2015.
The banks have not resorted to refinancing by the banks since 2001,"...Continue Reading >
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