Dubai-based Mashreqbank has received central bank approval to open branches in Egypt, Reuters reported. It will offer corporate, retail and other banking services. The bank has denied Dubai media reports that it was interested in a bid for Alwatany Bank of Egypt.
Egypt on Tuesday welcomed a recent statement by Iranian President Mahmoud Ahmadinejad that Tehran was ready to restore full diplomatic ties with Cairo.
CAIRO, May 30 -- Egypt on Wednesday protested an International Labour Organisation (ILO) report accusing the Muslim-dominated state of discriminating against the Coptic Christian labour force (Copts), newspaper reports said.
Iran - Egypt - Relations Head of Majlis Commission on National Security and Foreign Policy, Alaeddin Boroujerdi, said on Wednesday that the Egyptian foreign minister has forwarded a message to his Iranian counterpart voicing Egyptian readiness to restore ties with Iran.
DUBAI - Mashreqbank, Dubai’s third-largest lender by market value, said on Wednesday it got central bank approval to open branches in Egypt and ruled out bid interest in Alwatany Bank of Egypt.
Within two months of launch, Vodafone Egypt has seen a massive take-up of its new 'Voice SMS' service, as 15 per cent of its subscriber base have started using the service.
A Qatar-based conglomerate yesterday (29 May) signed an agreement to set up Egypt's largest industrial zone, specialising in four sectors including textiles and garments.
Egypt has blasted a report accusing the Muslim-dominated state of discriminating against the Coptic Christian labour force.
Egypt and Qatar have signed a preliminary agreement to set up the largest industrial zone in Egypt, the Financial Times reported. The project would be situated at Borg el Arab on the Mediterranean coast and funded by Qatar state-owned Qatari Diar Real Estate Investment & Development Company.
The Sanna Sharq theater company in Egypt draws crowds (and endorsement from the Muslim Brotherhood) with its political plays, which include sharp anti-American rhetoric.