Protesting father to sue family minister
CAIRO: Raafat Mostafa, a father facing a lawsuit for protesting along with his three children in front of the People’s Assembly (PA) for 33 consecutive days, is pledging to file…
Piraeus Bank: A structured regional approach
Piraeus Bank made a modest entry into the Egyptian market by buying a small commercial bank. Six years later, however, its portfolio is anything but modest, with a little over…
Gaza Fleet of Freedom wants to dock in Arish port
CAIRO: International aid convoy “Fleet of Freedom” wants to dock at Al-Arish port and enter Gaza via the border crossings with Egypt despite Israeli threats to intercept the group before…
Twenty years after unity, Yemen struggles for survival
SANAA: Yemen's President Ali Abdullah Saleh this week marked 20 years ruling a united Yemen, but has little to celebrate in a country buckling under the pressure of separatist, sectarian…
Visa expands e-commerce abilities with Cybersource acquisition
In April, Visa Inc. acquired Cybersource, a provider of electronic payment, risk management and payment security solutions to online merchants, in a deal worth $2 billion, or $26 a share.…
Seeking a solution: Mediation and banking disputes
Mediation is becoming an increasingly popular method of resolving commercial disputes. The technique clearly falls into the category of Alternative Dispute Resolution (ADR), which the United States Code says “includes…
South Sudan independence 'major problem', says AU chief
OUAGADOUGOU: African Union (AU) chief Jean Ping voiced concern Tuesday about south Sudan voting for independence in a referendum due in January, saying it would be a "major problem" for…
Infant Islamic funds industry stagnating: E&Y
MANAMA: The number of Islamic fund liquidations is expected to rise unless the nascent industry can develop the scale needed to tap into a large enough pool of Muslim wealth…
Increased sales tax on products to be expedited
The Ministry of Finance is planning to present to the People’s Assembly next week a law implementing the increase in the sales tax on cement, iron and cigarettes, to be…
Deputy Cairo governor handed five-year suspended sentence for Duweiqa disaster
CAIRO: Manshiyet Nasser Misdemeanors Court on Wednesday handed deputy Cairo governor a five-year suspended sentence for the involuntary manslaughter and injury of the Duweiqa residents. Mahmoud Yassin was also ordered…