Qatar’s acquisition spree
There was plenty of grist for the rumor mill this past week, as the Irish government sheepishly admitted that a bailout for its banks may be a wiser option after…
HSBC Bank Egypt launches Visa Platinum Debit Cards
HSBC Bank Egypt launched its Visa Platinum Debit Card to its Premier and Advance customers this week. The globally recognized Visa debit cards feature free purchase protection, extended warranty insurance…
Regional gold demand sees rise
Demand for gold in the GCC and Egypt saw a 16 percent rise in the third quarter of the fiscal year, reaching $2.6 billion from the previous year, MENAfn cited…
Egypt’s environmental investments hit $1.25 bln
Egypt’s Minister of State for Environmental Affairs Maged George said that environmental investments between 2006 until 2010 reached around LE 7.2 billion ($ 1.25 billion). Of that sum, around LE…
Egypt sells bonds due April 2012 worth 1 bln
The Egyptian Central Bank accepted bids for reopened bonds due April 2012 worth LE 1 billion ($174 million) at a sale on Monday at rates between 10.60 and 10.68 percent,…
GM says IPO will not effect Egypt company
General Motors Company commenced this week a $13 billion public offering, but the move “does not have any bearing on the legal/financial structure of GM Egypt,” the firm said in…
Hassan points finger at Egypt managers
CAIRO: Zamalek coach Hossam Hassan has accused national team coaches Hassan Shehata and Hani Ramzy of 'insulting' his players. Hassan claims that Olympic team manager Ramzy used foul language against…
Al-Badri quits Ahly
CAIRO: Hossam Al-Badri has officially quit his job as Ahly manager following Sunday's league defeat at Ismaili. Al-Badri told his players about his decision after the 3-1 defeat as Ahly…
Egypt denies Mubarak made Iraq WMD claim
CAIRO: Egypt has “categorically denied” claims made by former US President George Bush in his memoir “Decision Points” that President Hosni Mubarak had said Saddam Hussein possessed WMD. Egypt denied…
Silatech index highlights challenge of ‘waithood’ for young Egyptians
By Mohamed Younis After completing their education, many young people throughout the Middle East and North Africa (MENA) region spend a considerable amount of time attaining the financial means to establish…
