Sixteen hurt in Gaza tunnel collapse: medics
GAZA CITY: Sixteen Palestinians were injured on Wednesday when a smuggling tunnel along the Gaza-Egypt border collapsed, according to Gaza medics.Muawiya Hassanein, head of Gaza emergency services, said one of…
Egypt arrests 30 in Muslim-Copt clash over church tower
CAIRO: Thirty people were arrested on Wednesday after Muslims and Coptic Christians clashed over the building of a church tower in a village in southern Egypt, a security official said.Three…
Egypt PM sees turnaround, seeks 7 percent growth
Egypt s prime minister said on Tuesday he aimed to get annual economic growth back above 7 percent within two years but this would depend on a recovery in foreign…
Mobinil plans LE 1 bln bond issue
Egypt s Mobinil is seeking to raise at least LE 1 billion ($183 million) in bonds to fund expansion and acquisitions, Chief Executive Hassan Kabbani said on Wednesday. It is…
African nations seeking united front on trade talks
African countries are drawing up a unified position this week to try to pry open the markets of developed countries ahead of a World Trade Organization (WTO) ministerial conference in…
Mobinil says lending restricted by Orascom link
Egypt s central bank is limiting Mobinil s ability to borrow by linking its credit to that of one of its main shareholders, the group s chairman said on Tuesday.…
Hezbollah operative in Egypt trial protests 'brutal torture'
CAIRO: A Lebanese Hezbollah operative on trial in Egypt for allegedly plotting attacks in the country on Wednesday accused his interrogators of brutal torture that had left him deaf in…
Campaign excluded foreign-based activists to 'avoid controversy', says Qandil
CAIRO: Founders of the Egyptian Campaign Against Inheritance of Power refused to include foreign-based activists to avoid "suspicion, they said during a panel discussion Tuesday.While their statement claimed that the…
Utilizing IT to grow the banked population
While the final day of the Mediterranean Smart Cards Company (MSCC) conference covered an eclectic mix of topics, much of the talk centered around developing technological solutions to further banking…