Payment card usage and demand on the rise, says Visa
CAIRO: The use of payment cards in Egypt is rising as well as demand from consumers for access to them, Visa executives said Tuesday at a conference. The…
Indian textiles exhibition opens in Cairo
Investment Minister Mahmoud Mohieddin inaugurated Sunday an Indian textiles exhibition and a fashion show organized by the Export Promotion Council of India in cooperation with the Indian embassy in…
First draft of e-government index finalized
The Egyptian Minister of Administrative Development Ahmed Darwish reviewed on Monday the first draft of an index measuring the quality of e-government services. Darwish said he assigned Alexandria Businessman Association…
Dana Petroleum announces onshore discovery in Egypt
Middle East explorer Dana Petroleum announced a new discovery onshore at its North Zeit Bay production area in Egypt, the company said in a statement. Early tests of…
Egyptian drugs firm aims to repay debt, up output
Egypt's Advanced Pharmaceutical Packaging, whose shares began trading on Sunday, said it would repay debts of LE 25 million ($4.5 million) over four years and will boost output. Advanced Pharmaceutical…
Egypt to seek tenders for Gulf of Suez wind farm
Egypt will launch within days a tender competition to choose firms to build a 1,000 mega-watt wind farm in the Gulf of Suez, its electricity minister said. The…
Telecoms weigh on Egypt index, volumes low
CAIRO: Telecoms firms weighed on Egypt's main index, which edged down 0.6 percent after selling pressure late in the session. Traders said volumes are higher than during Sunday's session, but…
Contact to sell $83 mln in securitized notes
CAIRO: Egyptian car purchase financer Contact on July 7 is selling LE 470 million ($83 million) in bonds securitizing expected car payments, the chief underwriter said on Monday. The bond,…
Stevie Wonder cheers up Glastonbury after football failure
Motown legend Stevie Wonder made sure Glastonbury's 40th anniversary came to a joyful end on Sunday despite England's disheartening World Cup football defeat. The American soul pioneer treated the audience…
Comeback night at BET Awards
It was comeback night at the BET Awards. Kanye West opened Sunday's show in his first TV appearance since dissing Taylor Swift at last year's MTV Video Music Awards. T.I.…