en.africanmanager.com
Open in
urlscan Pro
172.67.132.190
Public Scan
URL:
https://en.africanmanager.com/adib-egypt-swings-to-14-5m-profit-in-2013/
Submission: On December 17 via api from US — Scanned from DE
Submission: On December 17 via api from US — Scanned from DE
Form analysis
5 forms found in the DOMGET https://en.africanmanager.com/
<form method="get" class="td-search-form" action="https://en.africanmanager.com/">
<!-- close button -->
<div class="td-search-close">
<span><i class="td-icon-close-mobile"></i></span>
</div>
<div role="search" class="td-search-input">
<span>Search</span>
<input id="td-header-search-mob" type="text" value="" name="s" autocomplete="off">
</div>
</form>
POST #
<form id="loginForm" action="#" method="post">
<div class="td-login-inputs"><input class="td-login-input" autocomplete="username" type="text" name="login_email" id="login_email" value="" required=""><label for="login_email">your username</label></div>
<div class="td-login-inputs"><input class="td-login-input" autocomplete="current-password" type="password" name="login_pass" id="login_pass" value="" required=""><label for="login_pass">your password</label></div>
<input type="button" name="login_button" id="login_button" class="wpb_button btn td-login-button" value="Login">
</form>
POST #
<form id="forgotpassForm" action="#" method="post">
<div class="td-login-inputs"><input class="td-login-input" type="text" name="forgot_email" id="forgot_email" value="" required=""><label for="forgot_email">your email</label></div>
<input type="button" name="forgot_button" id="forgot_button" class="wpb_button btn td-login-button" value="Send My Password">
</form>
GET https://en.africanmanager.com/
<form method="get" class="td-search-form" action="https://en.africanmanager.com/">
<div role="search" class="td-head-form-search-wrap">
<input id="td-header-search" type="text" value="" name="s" autocomplete="off"><input class="wpb_button wpb_btn-inverse btn" type="submit" id="td-header-search-top" value="Search">
</div>
</form>
POST https://en.africanmanager.com/wp-comments-post.php
<form action="https://en.africanmanager.com/wp-comments-post.php" method="post" id="commentform" class="comment-form" novalidate="">
<div class="clearfix"></div>
<div class="comment-form-input-wrap td-form-comment">
<textarea placeholder="Comment:" id="comment" name="comment" cols="45" rows="8" aria-required="true"></textarea>
<label for="comment" class="is-visually-hidden">Comment:</label>
<div class="td-warning-comment">Please enter your comment!</div>
</div>
<div class="comment-form-input-wrap td-form-author">
<input class="" id="author" name="author" placeholder="Name:*" type="text" value="" size="30" aria-required="true">
<label for="author" class="is-visually-hidden">Name:*</label>
<div class="td-warning-author">Please enter your name here</div>
</div>
<div class="comment-form-input-wrap td-form-email">
<input class="" id="email" name="email" placeholder="Email:*" type="text" value="" size="30" aria-required="true">
<label for="email" class="is-visually-hidden">Email:*</label>
<div class="td-warning-email-error">You have entered an incorrect email address!</div>
<div class="td-warning-email">Please enter your email address here</div>
</div>
<div class="comment-form-input-wrap td-form-url">
<input class="" id="url" name="url" placeholder="Website:" type="text" value="" size="30">
<label for="url" class="is-visually-hidden">Website:</label>
</div>
<p class="comment-form-cookies-consent">
<input id="wp-comment-cookies-consent" name="wp-comment-cookies-consent" type="checkbox" value="yes">
<label for="wp-comment-cookies-consent">Save my name, email, and website in this browser for the next time I comment.</label>
</p>
<p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment"> <input type="hidden" name="comment_post_ID" value="226834" id="comment_post_ID">
<input type="hidden" name="comment_parent" id="comment_parent" value="0">
</p>
<p style="display: none;"><input type="hidden" id="akismet_comment_nonce" name="akismet_comment_nonce" value="8bc07430bc"></p>
<p style="display: none !important;" class="akismet-fields-container" data-prefix="ak_"><label>Δ<textarea name="ak_hp_textarea" cols="45" rows="8" maxlength="100"></textarea></label><input type="hidden" id="ak_js_1" name="ak_js"
value="1734401219597">
<script>
document.getElementById("ak_js_1").setAttribute("value", (new Date()).getTime());
</script>
</p>
</form>
Text Content
Facebook Mail RSS Twitter Youtube * * * Français * عربي * Articles * News * Interview * World * Africa * Radio Search 16.8 C Tunisia Tuesday 17 December 2024 * Languages * English * Français * عربي Facebook Mail RSS Twitter Youtube Sign in Welcome! Log into your account your username your password Forgot your password? Get help Password recovery Recover your password your email A password will be e-mailed to you. African Manager * * * Français * عربي * Articles * News * Interview * World * Africa * Radio Trending Now TUNISIA: POPULATION CENSUS 86.5% COMPLETE TUNISIA: CEPEX INVITES LOCAL COMPANIES TO PARTICIPATE IN MWC BARCELONA MARCH 3-6, 2025 TUNISIA: CUSTOMS LAUNCHES ‘BINDING INFORMATION’ WEB APPLICATION TOURISM: GABES IS NOT TO BE MISSED! TUNISIA: BTS TO PROVIDE LOANS TO SMALL FARMERS IN OLIVE GROWING SEASON TUNISIA HAS POTENTIAL TO BECOME SINGAPORE OF AFRICAN CONTINENT (DIONE) TUNISIAN AND LIBYAN COMPANIES TO HOLD B2B MEETINGS IN CONSTRUCTION & CONTRACTING SECTORS TUNISIA TO TAKE OVER PRESIDENCY OF ‘5+5 DEFENSE’ IN 2025 TUNISIA CAN PLAY A MAJOR ROLE IN GLOBAL VALUE CHAINS MORE THAN 33KG OF COCAINE SEIZED BY CUSTOMS, COLONEL MAJOR JABRI TELLS AM HomeWorldADIB Egypt swings to $14.5m profit in 2013 World ADIB EGYPT SWINGS TO $14.5M PROFIT IN 2013 By African Manager 07/04/2014 0 174 Share Facebook Twitter Linkedin Email WhatsApp Viber Pinterest ReddIt Tumblr Telegram Digg Mix Print Abu Dhabi Islamic Bank (ADIB) Egypt has reported a net income of EGP103 million ($14.5 million) for the year ending December 31, 2013, compared to EGP855 million loss in 2012. The bank reported gross revenues of EGP580 million, with an increase of EGP 190 million, or 48.7 per cent better than 2012. The EGP958 million improvement in net income marks the first year of positive net income since the Emirati consortium acquisition in 2007. Further, ADIB-Egypt delivered EGP156 million gross revenues in the fourth quarter (Q4) of 2013, with an increase of EGP40 million or 34.9 per cent better than the same quarter in 2012. Net Profit reached EGP34 million in Q4, representing an increase of 106 per cent compared to same quarter 2012. The balance sheet continued to grow, with total assets of EGP16.4 billion, an increase of 12.6 per cent over 2012 driven mainly by a 23.8 per cent growth in customer finance, compared to circa 9 per cent total market growth, while Total Deposits increased by EGP1.6 billion, or 14.4 per cent to reach EGP13.1 billion as of December 31, 2013. “ADIB-Egypt continued its steady performance and achieved considerable progress in its financial results. The 2013 results marked the first year of positive net profits since the Emirati consortium acquisition in 2007,” said Nevine Loutfy, CEO and Managing Director of ADIB- Egypt. “The significant improvement is due to the full implementation of the restructuring plan. The plan helped develop a sharia compliant diversified portfolio and new products and services that cater to customers’ financial needs.” “The positive results we were able to achieve in 2013 mean that we are on the right track to occupy a leading position in Sharia compliant banking products and services. Accordingly, we developed an ambitious plan for 2014 with a customer centric focus,” Loutfy added. ADIB-Egypt won the IFN Best Islamic Bank in Egypt for the fourth consecutive year and added a new award for the first time, namely the Best Mudarabah Deal for the year 2013. ADIB-Egypt also made the Bloomberg list of the largest managers of Shari’a compliant finance coverage in EMEA 2013. Kuwait in talks to renew oil supply to Egypt Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for potential investments in the energy sector there, the Gulf state’s oil minister said on Monday. Egypt has been relying on crude deliveries from the Kuwaiti government at favourable terms as well as on donations of gasoline and diesel from Gulf Arab states to help reduce the drain on its foreign exchange reserves and the heavy costs of government fuel subsidies. Kuwait’s al-Seyassah newspaper reported on Sunday that Kuwaiti and Egyptian officials were due to meet to agree on details of supply contracts. The newspaper said Kuwait would supply 2.25 million barrels of oil and 1.2 million tonnes of petroleum products per month from the beginning of May next year. Asked about the reported meeting, Kuwaiti Oil Minister Ali al-Omair said: “It is actually for the renewal of some of the contracts, which need to be renewed, and to look if there are any chances for investment in Egypt regarding the oil sector.” Speaking on the sidelines of an oil conference, Omair said the two sides discussed renewing the oil supply contracts but no decision has been taken so far. “This is of course a long-term decision. Some of them will be renewed, some of them will not renewed nowadays, but we have to look for the future,” he said, without giving more details. Egyptian Oil Minister Sherif Ismail told Reuters in February that Egypt would need to import an additional $1 billion worth of petroleum products and secure significant natural gas supplies as it scrambles to meet energy needs for the summer. The Gulf Arab states of Saudi Arabia, United Arab Emirates and Kuwait, wary of Egypt’s Muslim Brotherhood, gave Egypt billions of dollars in aid, including oil, after the ousting of Islamist president Mohamed Mursi. In July last year Kuwait pledged $4 billion to Egypt, with a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products. This was separate from the oil supply contracts. Reuters Share Facebook Twitter Linkedin Email WhatsApp Viber Pinterest ReddIt Tumblr Telegram Digg Mix Print Previous article Residential, hotel sectors lead Dubai real estate growth Next article Bahrain ‘to be innovative telecom hub’ RELATED ARTICLES World ARE CAPITAL INFLOWS TO EM SET TO ACCELERATE? 24/11/2024 World HYUNDAI MOTOR REDEFINES EV MOBILITY WITH IONIQ 9 ELECTRIC SUV: BIG ON SPACE – BIGGER ON INNOVATION 21/11/2024 World HYUNDAI MOTOR GROUP ANNOUNCES2024SECOND HALF KEY EXECUTIVE APPOINTMENTS 18/11/2024 World WHAT LIES BENEATH STEADY GLOBAL ECONOMIC GROWTH? 17/11/2024 World THE CASE IS BUILDING FORDEEPERRATE CUTS BY THE ECB 04/11/2024 World PALESTINIAN REQUEST FOR UN MEMBERSHIP MOVES ON TO SPECIALIZED COMMITTEE 09/04/2024 LEAVE A REPLY CANCEL REPLY Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. Δ - Advertisement - MOST POPULAR TUNISIA: SFBT ANNOUNCES HALF-YEARLY NET PROFIT OF 116 MILLION DINARS 27/08/2020 ECOWAS MINISTERS MOBILIZE FUNDS FOR REGIONAL ROAD PROJECT 23/09/2013 TUNISIA: ATFP PROVIDES $57 MILLION NEW FINANCING 13/08/2021 TUNISIA: DINAR CONTINUES DOWNWARD SPIRAL 17/07/2014 Load more HOT NEWS News TUNISIA: POPULATION CENSUS 86.5% COMPLETE News TUNISIA: CEPEX INVITES LOCAL COMPANIES TO PARTICIPATE IN MWC BARCELONA MARCH... News TUNISIA: CUSTOMS LAUNCHES ‘BINDING INFORMATION’ WEB APPLICATION Featured News TOURISM: GABES IS NOT TO BE MISSED! African Manager - Economic and financial news in Tunisia and in the world. Contact us: contact@africanmanager.com Facebook Mail RSS Twitter Youtube POPULAR ARTICLES IMF STAFF INITIATES DISCUSSION WITH CAMEROON ON AN ECONOMIC PROGRAM SUPPORTED... 08/03/2017 JAPAN DONATES USD 1.8 MILLION TO STRENGTHEN UGANDA BORDER SECURITY 03/05/2016 TUNISIA: GERMAN LOAN OF € 30.2 MILLION FOR WATER MANAGEMENT 30/12/2016 POPULAR CATEGORIES * News11085 * Africa3883 * Featured News1579 * World1444 * Interview486 * Disclaimer * Privacy * Advertisement * Contact Us © African Manager by Experts Company MORE STORIES TUNISIA: POPULATION CENSUS 86.5% COMPLETE 16/12/2024 TUNISIA: CEPEX INVITES LOCAL COMPANIES TO PARTICIPATE IN MWC BARCELONA MARCH... 16/12/2024 This website uses cookies to ensure you get the best experience on our website. ✖ Okay