Palmeiras make $1 mln bid for Al-Hadari
CAIRO: Brazilian side Palmeiras have raised their bid for Ismaili keeper Essam Al-Hadari to $1million.After having their initial $500,000 offer immediately rejected by the Dervishes, the four-time Brazilian champions doubled…
Abou-Trika named for England friendly
CAIRO: Ahly star Mohamed Abou-Trika has been named to Egypt s African Cup of Nations winning squad for next month s friendly with England.The 31-year-old has just returned to action,…
TNY ship exhibit recalls glamour of Transatlantic crossings
The glamour of Transatlantic crossings has returned to New York with an exhibit on the Art Deco elegance of the French liner SS Normandie. The Normandie was the most magnificent…
OT, CIB help push Egypt index higher
CAIRO: Late-session interest in heavyweights Orascom Telecom and Commercial International Bank (CIB) helped nudge Egypt s benchmark index higher after a day of seesaw trade. Orascom Telecom gained 3.3 percent…
Israeli nuclear whistleblower refuses Nobel candidacy: institute
OSLO: Israel s nuclear whistleblower Mordechai Vanunu has requested that his name be removed from the list of candidates to the Nobel Peace Prize, the head of the Norwegian Nobel…
ElBaradei forms National Association for Change with Egyptian opposition
CAIRO: In cooperation with the majority of Egypt's opposition, political hopeful and former IAEA chief Mohamed ElBaradei formed the National Association for Change, the vehicle through which they will attempt…
Risk management: Thousand cups of tea?
Since the near collapse of financial markets across the world, strengthening risk management processes has jumped to the forefront for bankers as the top focus area. One only needs to…
Legislation heralds new era for microfinance
If parliament passes the microfinance law, they will enable private companies to provide microcredit, establishing the first legal framework to regulate microfinance institutions (MFIs) in Egypt. Currently only four Egyptian…
ONE ON ONE: European Investment Bank sees renewable energy potential in Egypt, eyes SMEs
As countries on the southern shore of the Mediterranean look north for assistance in economic development, the European Union is looking south for solutions for its increasing energy needs. In…