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HSBC in talks to sell Lebanese business to Blom BankHSBC Bank Middle East, a wholly-owned subsidiary of HSBC Holdings, said on Monday it was in discussions to sell its Lebanese business to Lebanon's Blom Bank. There was no certainty about whether a binding transaction would res More… |
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Investment Dar gets sharia board blow in Blom caseKuwait-based Investment Dar may be prevented from using sharia as a defense in a lawsuit filed by Lebanon's Blom Bank over a disputed investment, after its sharia board said the deal was compliant with Islamic law. Blom Bank sued Dar i More… |
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Investment Dar-Blom row 'may hurt Islamic banking'Kuwait's troubled shareholding company Investment Dar is refusing to pay Lebanon's Blom Bank $10.7 million, saying that their original deal did not comply with Islamic law, in a move that could pressure the Islamic finance industry. Dar's More… |
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Blom Bank to increase capitalEgypt's Capital Market Authority (CMA) has given its preliminary approval to Blom Bank to raise its capital to EGP750 million ($140 million) from EGP500 million, the stock exchange said. The bank would offer 25 million new shares More… |
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Blom Bank Egypt profit surges 73pc to $20mBlom Bank Egypt made a net profit of 110.57 million Egyptian pounds ($20.1 million) in 2007, up 73.4 per cent on the previous year, the stock exchange has said. The stock exchange web site gave a comparative figure of 63.78 million pounds More… |
Blom extends $101m to Jordan projectBlom bank, one of Lebanon's top two banks, has extended a $101 million loan to Jordan's Abdali Investment and Development firm to finance a major property project in the capital's downtown area. They said the bank, which has expanded its p More… |
