Ismaili widen Zamalek misery
CAIRO: A depleted Ismaili side joined Petrojet and Ahly at the top with a 1-0 away victory over 10-man Zamalek, who slumped to their third defeat in six Egyptian Premier…
Egypt guards shoot Eritrean headed for Israel
RAFAH: Egyptian border guards have fatally shot an Eritrean man and wounded another trying to cross the border with Israel.It is the eighth African shot at the border this month.Security…
France approves ban for illegal downloaders
The French parliament on Tuesday gave its final approval to an internet piracy bill that has drawn attention from around the world with its provision to cut illegal downloaders off…
Islamic banks need benchmark profit rate-economist
Islamic banks should shun conventional benchmark interest rates in favor of a profit rate derived from their activities, an Islamic banking economist said on Wednesday. Islamic finance forbids interest-based lending…
BUSINESS BEAT: Egypt consumers set to save less
According to the latest Mastercard Worldwide Index Survey, Egyptian consumers look set to save less over the next six months. The survey, undertaken in March and April 2009, studied the…
SECTOR SERVICE: Using credit wisely amid the crunch
Although the global credit crunch provides an unlikely context for attracting new customers, credit card use in Egypt continues to rise. The convenience of credit cards, the ability to buy…
US working on its first resolution at UN rights council
GENEVA: The United States will soon introduce its first draft resolution since its election to the UN Human Rights Council, a text on freedom of speech being prepared with Egypt,…