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UBS buys 5 pct stake in Israel Discount, may buy more

JERUSALEM: Israel’s government sold a 5 percent stake in Israel Discount Bank to UBS on Tuesday, lowering its holding in the country’s third-largest bank to 15 percent, the Finance Ministry said. The ministry did not provide details of the deal other than UBS was one of four foreign investment banks to submit bids. A source …

Daily News Egypt

Feeder vessels carrying Egyptian imports get discount rate

  The Suez Canal Authority (SCA) will extend feeder vessels, with a load capacity of 5,000 tons, a discount of up to 30 percent on the charges paid to the authority, which is valid for six months, Al-Mal reported, citing a new SCA regulation.   The authority, however, has restricted the discount to vessels that …

Daily News Egypt Authors

Egypt mobile firms offer discounts during Ramadan

CAIRO: Egypt s trio of mobile operators are taking their battle for consumer loyalty into the Muslim holy month of Ramadan, offering rate reductions for pilgrims and charity initiatives aimed to benefit the poor in Egypt. The moves reflect increasingly fierce competition between Mobinil, Vodafone Egypt and Etisalat Egypt, which have all slashed rates to …


TRAVEL: Amsterdam: Town of wonders can be had for discount

Amsterdam is defined by its canals. Built 400 years ago in concentric horseshoes, they are the rib cage of the city. Coasting their waters on a canal boat opens windows onto a history of vast wealth and global power. The cobbled streets alongside the canals are scenic urban pathways for walking or biking. And they …

Daily News Egypt

Mohamed Khattab, executive manager and managing director at Sphinx Glass Ltd

Glass industry in Egypt is in danger: Sphinx Glass Ltd executive manager

The flat glass industry in Egypt is in danger due to rising costs, the foreign currency shortage, and the lack of some production inputs, according to Mohamed Khattab, executive manager and managing director at Sphinx Glass Ltd, and member of the Chamber of Chemical Industries at the Federation of Egyptian Industries (FEI). Khattab said that …

Samira Saeed

TO GO WITH SKorea-creditcard-retail-economy FEATURE by Nam You-SunIn a picture taken on April 1, 2011 a South Korean cashier swipes credit card to a card register machine at a shop in Seoul. South Koreans' usage of credit cards as a percentage of total consumption reached 54.9 percent in the first half of 2010 compared to 34.6 percent in the US and 43.9 percent in Britain, Seoul's Credit Finance Association says.  AFP PHOTO / PARK JI-HWAN (Photo credit should read PARK JI-HWAN/AFP/Getty Images)

Visa and Carrefour aim to reward customers, expand card use in Egypt

Visa teamed up with Carrefour in Egypt to provide reward cardholders of participating banks with exclusive promotions and discounts. The move comes as part of the companies’ aim to expand electronic payment usage in Egypt, which currently accounts for less than 2% of all purchases, according to Visa statistics. The banks participating in the campaign …

Daily News Egypt

General Motors , GM

US car market boom faltering

The US automobile sector is struggling to maintain sales momentum, with most major car manufacturers reporting that they sold fewer vehicles in August, as reduced discounting kept customers from showrooms.

Deutsche Welle