Museum opens high-tech gallery on recent genocides
A common refrain from those who study the Holocaust is never again. The words appear over and over in comments left by visitors at the US Holocaust Memorial Museum.The past…
Canadian writer Alice Munro wins International Booker Prize
Canadian short story writer Alice Munro has won this year s Man Booker International Prize worth £60,000 ($95,000, ?70,000), the judges said Wednesday.The panel, which comprised writers Jane Smiley, Amit…
Islamic finance must boost regulation, professional staff: experts
SINGAPORE: Islamic finance must strengthen regulation, boost its professional staff and diversify as it takes on a bigger global role in the aftermath of the worldwide financial crisis, experts said.Financial…
Egypt cbank aims to float bank stakes in 2011
CAIRO: Egypt s central bank aims to sell majority stakes in two commercial banks by the end of 2011, governor Farouk El-Okdah said on Wednesday. The governor told a news…
Aboul Gheit meets top Obama advisor
WASHINGTON: Egyptian Foreign Minister Ahmed Aboul Gheit met US national security advisor James Jones Tuesday, for talks arranged after President Hosni Mubarak cancelled a US visit over a family tragedy.Jones…
BUSINESS BEAT: AAIB, Medmark put the 'smart' in smart chip
CAIRO: In mid-April, Arab African International Bank (AAIB) became the first bank in Egypt to launch a credit card making use of smart chip technology. Smart chips are located on…
IN DEPTH: New CBE measures support SME development
Until recently, small and medium enterprises (SMEs) were Egypt's long forgotten offspring. The Egyptian government did little to encourage their growth. Bankers saw them as a not lucrative and overly…
Moving on: An interview with veteran banker Gamal Moharam
Gamal Moharam has been a player in the Egyptian commercial banking sector for much of his career. With his departure late last year from Piraeus Bank Egypt, where he served…
One On One: Cards company MSCC works to expand e-payment in Egypt
Though subtle, the signs are there: Egypt is going wireless. With online services, e-payment and credit options rapidly expanding, the vision of a cashless, wired-in Egypt is no longer a…
CMA rejects FT's offer for Mobinil
CAIRO: Egypt's market regulator rejected Wednesday France Telecom's (FT) bid to buy out Orascom Telecom's (OT) stake in mobile telecom giant Mobinil.In a statement, France Telecom said it "regrets this…