Soviet space dogs blast-off to animated immortality
In space, no one can hear you bark.Two mongrels named Belka and Strelka made history in 1960 when they went into orbit in a Soviet space ship and then returned…
Sex in a new city: Carrie & pals go to Abu Dhabi
Sarah Jessica Parker and her Manhattan gal pals are taking their sexy ways to a new city. Sex and the City 2, due in theaters May 27, sends Parker, Kim…
Obama-Netanyahu talks leave settlement dispute simmering
WASHINGTON: Talks between US President Barack Obama and Israeli Prime Minister Benjamin Netanyahu failed to produce signs that they had ended a dispute which Netanyahu said could block the Middle…
Arab League chief pushes for closer ties with Iran
CAIRO: The Arab League chief wants the 22-nation bloc to engage Iran directly over concerns about its growing influence and its nuclear activities, in a step that could undermine US…
100 MPs push for political rights draft law
CAIRO: One hundred independent and opposition MPs held a joint press conference on Monday in front of the People's Assembly calling for the discussion of a new law they drafted…
Risk management: Thousand cups of tea? Part II
Developing a risk appetite is fundamental to scoping and managing a bank's risks. In simple terms it represents the amount of risk that a bank is willing to assume. In…
World Bank allocated $300 mln to fund Egyptian MSEs
Earlier this month the World Bank announced a $300 million loan to Egypt to finance micro and small enterprises (MSEs). The Enhancing Access to Finance for Micro and Small Enterprises…
Another step forward for mobile money transfers
Last week the Central Bank of Egypt (CBE) issued preliminary approval for Egyptian banks to partner with telecoms in conducting mobile money transfers.Khaled Hegazy, director of external affairs for Vodafone…
Dented sukuk market starved of sovereign benchmark
Sovereign borrowing still eludes the Islamic bond, or sukuk, market, leaving investors hungry for a benchmark issue to reinvigorate trading after the credit crunch and the Dubai World crisis. Where…
NYC prepares for return of King Tut's treasures
NEW YORK: New York City is getting ready to welcome Egypt s boy pharaoh back to the city he wowed in 1979.An exhibit of artifacts from King Tut s tomb…