Egypt banks in good shape
CAIRO: Egypt s banks appear to be weathering the global financial storm far better than many of their regional and international counterparts, due not only to the reform efforts of…
Jimmy Carter positive on US-Syria ties
BOGOTA: Former President Jimmy Carter said Tuesday that the United States and Syria are close to restoring full diplomatic ties, but he doubted Cuba s new openness means its leaders…
Palestinian rivals deadlocked on power-sharing
CAIRO: Rival Palestinian factions Hamas and Fatah ended a fourth round of power-sharing talks without a deal Tuesday, but are to meet again on May 16, negotiators said.The key stumbling…
Mubarak sounds warning to workers over strikes in Labor Day speech
CAIRO: President Hosni Mubarak sounded a warning to workers over "unlawful strikes in a speech Wednesday to commemorate Labor Day, stating that it could hurt the economy during the current…
Lieberman's change of heart won't matter unless he apologizes, say analysts
CAIRO: With press reports claiming that new Israeli Foreign Minister Avigdor Lieberman has somewhat changed his hard-line stance, it remains to be seen whether that will mean Egypt will be…
MPs accuse government of overspending
CAIRO: Independent and Muslim Brotherhood members in the People's Assembly filed an investigation request into what they claim is the government's overspending on officials' luxury cars and offices.The request was…
Who should foot the bill for FDI?
One of the main concerns during these times of financial turmoil is how to keep foreign direct investment (FDI) flowing into Egypt. A main propellant of economic growth in recent…
SECTOR SERVICE: Egypt banks introduce new options for consumers
CAIRO: With modern banking services becoming more and more sought after by diverse sectors of the population, Egypt's banks are hurrying to catch up with the trend by offering savings…
IN DEPTH: IFC works with local banks to promote development
CAIRO: Persistent customer service problems and frequent dysfunctions aside, some of Egypt's banks are making serious efforts to improve capacity and quality. Sometimes all it takes is the advice of…
ONE ON ONE: EGB forays into microfinance, targets SMEs
CAIRO: The Egyptian Gulf Bank's (EGB) approach to the global recession has been a unique one. As it continues to push its corporate and retail sides, the bank is also…