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Policeman killed, another injured in drive-by shooting in Giza

A policeman was killed and another injured in a drive by shooting in Giza Saturday morning, according to state news agency MENA. The attackers escaped. Two gunmen on a motorcycle attacked and opened fire on policemen guarding HSBC and Union National banks branched in Sphinx square in Mohandesin, Giza. The attacks resulted in the killing …

Daily News Egypt

Banks highlight improved services, quarterly results

CIB Q3 net profit rises 5.6% Egypt’s leading bank, Commercial International Bank (CIB), reported a 5.6% rise in the third quarter (Q3) net profit. The bank added that the net profit stood at approximately EGP 972m, up from EGP 920.4m in the same quarter last year. Q3 consolidated revenues were EGP 2.04bn, up 17% from …

Daily News Egypt

Credit Cards explained

The Daily News Egypt defines what credit cards are, analyses their presence in Egypt and interviews several experts on the matter.

Doaa Farid