Electronic payment remains modest despite growth in credit cards
Visa executive says credit bureau crucial component of promoting alternatives to cash CAIRO: Every so often one bank announces that its number of credit cards has reached a record high…
Gulf group offers to take over Egyptian bank
Consortium looks to acquire Delta International BankReutersCAIRO: Bahrain s Ahli United Bank and four other Gulf companies have offered to buy Delta International Bank for LE 1.85 billion ($322 million).The…
Weapons of War: Open Season on Journalists in the Middle East
After the carnage of this past weekend, they would seem to fade almost into insignificance - and that's understandable, but they bear noting. The Israeli destruction of TV transmission towers…
Pirates makes another large splash
Sequel offers audiences a couple of hours of waterlogged funCAIRO: For many centuries people have been fascinated by fictional adventure tales about legendary pirates like Sinbad and Long John Silver.…
Children exhibit their artistic expression
Rasha Soliman develops her students self-confidence through art CAIRO: As you enter the underground room at the Gezira Arts Center, you find yourself surrounded by an atmosphere that exudes liveliness,…
Misr Clearance to launch capital market financial information company
NOOZZCAIRO: Misr Company for Settlement, Clearance and Central Depository (MSCD) signed evening a new contract with Atos-Euronext Company earlier this week to set up a new financial information operation for…
Egypt Invest 2006 will look at implementation, impact of investment
CAIRO: While there is no denying the success that Egypt has been enjoying in attracting foreign direct investment (FDI) into the country over the past two years, it is also…
Loan expected to support reform
ADB continues participation in developmentCAIRO: Egypt has been awarded a loan of $500 million (LE 4.2 billion) from the African Development Bank (ADB), which will be used to support the…
Insurance holding company established
Move may be precursor to privatizationCAIRO: President Hosni Mubarak issued a decree yesterday to form a holding company for insurance, bringing the four main public insurance firms as well as…
Outpouring of private aid for war-torn Lebanon
NGOs, private corporations organize donation campaigns and transportation to LebanonCAIRO: With the continuous escalation of violence in Lebanon and mounting frustration with official Arab responses to the Israeli aggression, civil…
