Fawry Negotiating with 7 Banks to Provide Re-Charging E-Wallet Portfolio
Fawry Electronic Bill Service is negotiating with seven banks operating in the local market in order to provide…
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AUB to Open Fresh Letter of Credit $130mln to Export Petroleum Products
Ahli United Bank (AUB) has approved to open new letter of credit for one of the companies operating in petroleum…
CBE Offers its last FX Auction of this week with US$40mln
The Central Bank of Egypt (CBE) has offered today its last foreign exchange auction of this week totaled US$ 40…
Royal Insurance to Open New Branch in Dokki-Egypt Early-2014
Mohamed Reda, head of production and branches sector at Royal Insurance Company, said his company is planning to…
HP, Google Suspend Chromebook 11 Sales After Overheating Reports
Google Inc. (GOOG) and Hewlett-Packard Co. (HPQ) are halting sales of the Chromebook 11 laptop after some users…
Sprint Pulls Out of U.S. Airwaves Auction Now Led by Dish
Sprint Corp., the third-largest U.S. wireless carrier, says it won’t bid on airwaves known as the H Block in an…
Telecom Egypt Says EGP40bln Transactions with 3 Mobile Operators
Eng. Mohamed Al-Nawawi, CEO of Telecom Egypt(TE)(ETAL-CA) said the volume of transactions between the mobile phone…
Egypt-IMF Talks Stall Won’t Hurt Relations – Minister
The Egyptian Planning Minister, Dr. Ashraf Al Arabi has asserted that halting the negotiations with the…
Samsung Aims to Double its Smartphone Sales in Africa in 2014
Samsung Electronics expects to supply half of the smartphones sold in Africa this year and aims to double these…
CBE Offers $40mln FX Auction on Wednesday
The Central Bank of Egypt (CBE) has offered today its final foreign exchange auction for this week totaled…