Egypt News URGENT: CBE denies issuing new rules for cash withdrawal M.S. Salama Jan 31, 2024 0 The Central Bank of Egypt (CBE) confirmed on Wednesday in a statement a short while ago that no new instructions…
Tech/AI Uber says customers paid over $6 billion in cash last year Amwal Al Ghad English Aug 17, 2019 0 Uber Technologies Inc. tends to say its “leading technology” “sets the world in motion,” yet in some areas of the…
Arab Region to consolidate, Qatar may react to corporate earnings Yomna Yasser Jan 24, 2018 0 Middle Eastern stock markets look set to consolidate on Wednesday with no strong factors pushing in either…
Tech news Central Bank of Egypt approves increasing mobile cash transfer limit Yomna Yasser Nov 20, 2017 0 Central Bank of Egypt approved increasing caps on cash withdrawals and depositing under mobile-phone cash transfer…
Financial Institutions Bitcoin plunges after upgrade is called off, but offshoot ‘bitcoin cash’… Yomna Yasser Nov 12, 2017 0 Bitcoin fell Friday to its lowest since November 1 as traders bet on its offshoot, bitcoin cash, instead. The…
Banks China bans firms from raising money through ICOs, asks regulators to inspect 60 platforms Yomna Yasser Sep 5, 2017 0 Local outlet Caixin reported that a notice, issued by a working committee that oversees risk in the country's…
Tech news Facebook is putting ads everywhere in hopes of finding the next News Feed Yomna Yasser Jul 16, 2017 0 Facebook has a cash cow. It's called News Feed, and for the past five years, it has been the company's core money…
Banks Credit Agricole not considering leaving Egyptian market Yomna Yasser May 21, 2017 0 The chairperson and managing director of Credit Agricole Egypt, Francois Edouard Drion, said that the bank aims to…
Tech news Barclays tests new cash withdrawal system via smartphones Ghada Ismail Nov 22, 2016 0 Barclays is trialling new cash machines that allow customers to make withdrawals via their smartphones. The…
Tech news India mobile payments surge after shock banknote move Ghada Ismail Nov 22, 2016 0 India's surprise move to get rid of big banknotes may have sparked a nationwide cash crunch, but it has proved a…
Banks NBE lowers foreign exchange cash limit for travelling customers Noha Gad Oct 20, 2016 0 The National Bank of Egypt (NBE) decided to reduce the foreign exchange cash limit provided to travelling…
Tech news Tesla plans to raise more cash this year Ghada Ismail Sep 1, 2016 0 Tesla plans to raise additional cash this year to help fund development and production of its new Model 3 sedan and…
Egypt News Banking sector must have access to foreign cash via EGX: EFSA aya salah Jul 24, 2016 0 Egypt’s current crisis of low foreign currency reserves requires that the banking sector has direct access to…
Tech news ‘Pokémon Go’ new users willing to pay for shortcuts to advance Ghada Ismail Jul 18, 2016 0 Exploding interest in “Pokémon Go” is tempting experienced players to cash in by selling their high-powered game…
Banks Egypt’s Amer negates EGP debit cards banned for use abroad aya salah Jul 2, 2016 0 The Central Bank of Egypt has denied reports that it banned Egyptians from using their EGP account debit cards…
Tech news Breaking-Microsoft acquires LinkedIn in a $26.2 billion deal Ghada Ismail Jun 13, 2016 0 Microsoft Corp said in a blog post it agreed to buy LinkedIn Corp for $26.2 billion in cash. The offer of $196 per…
MENA News Iraq says IMF deal ‘on track’ as cabinet approves reform package Noha Gad Jun 13, 2016 0 Iraq has approved measures requested by the International Monetary Fund to unlock loans that should help the…
Tech news Uber Egypt passengers to finally pay in cash Yomna Yasser Jun 7, 2016 0 The leading car-hailing application, Uber announced introducing cash payment option in Egypt. On a trial basis, the…
Industry & Trade Tesla, buoyed by strong Model 3 orders, may need more cash Noha Gad Apr 2, 2016 0 An initial flurry of orders has put Tesla Motors' new Model 3 sedan off to a fast start, but the company may need…
Industry & Trade Starwood gets higher $13 billion bid from Anbang, tops Marriott offer Noha Gad Mar 19, 2016 0 Starwood Hotels & Resorts Worldwide Inc (HOT.N) on Friday said a $13 billion cash offer from China's Anbang…
Tech news TE cash liquidity drops 75% amid ‘wrong’ decisions: sources Noha Gad Nov 8, 2015 0 The total volume of cash liquidity of Telecom Egypt (TE) dropped by more than 75 percent at the end of June 2015,…
International News Last Chance for Greece to stay in Euro as Cash runs out Noha Gad Jul 7, 2015 0 Greece faces a last chance to stay in the euro zone on Tuesday when Prime Minister Alexis Tsipras puts proposals to…
Industry & Trade Japan Tobacco to buy U.S. e-cigarette Maker Logic Technology Noha Gad Apr 30, 2015 0 Japan Tobacco said on Thursday it had agreed to buy Florida-based e-cigarette maker Logic Technology Development…
Banks Greece Risks running out of Cash by April 20, Scrambles on Reforms Noha Gad Mar 25, 2015 0 Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told…
International News Greek Deal with Euro Zone likely this Week: EU’s Schulz Noha Gad Mar 24, 2015 0 European Parliament President Martin Schulz said in an interview published on Tuesday he expected Greece to reach…
International News North Korea ‘demanded $10 billion in cash and food’ for summit with South Noha Gad Jan 29, 2015 0 North Korea demanded $10 billion in cash and half a million tons of food in 2009 as a precondition of holding a…
Banks Morgan Stanley, Armed With Cash From Fixed Income Dump, Goes Shopping Amwal Al Ghad English Oct 18, 2014 0 Morgan Stanley (MS.N), which has spent three years throwing out bad apples from its fixed income trading portfolio,…
Tech news Zain Launches iCard Exclusive Payment Services via Mobile Administrator Apr 29, 2012 0 Zain, the leading telecommunications company in Kuwait, launched iCard, a new exclusive mobile payment service that…
Tech news Mobile Phones Challenge Credit Cards in Canada Administrator Apr 25, 2012 0 Thousands of Canadian retailers already have equipment in place to let customers pay for purchases with a swipe of…
Internet News Google Pays Cash to Get Hacked Administrator Apr 24, 2012 0 Many of the Web giant's products are susceptible to attacks, and that's why the Web giant says it will now pay up…
Internet News Breaking Down Facebook’s Deal with Instagram Administrator Apr 24, 2012 0 About 23 million shares of common stock and $300 million in cash, that's what social network Facebook plunked down…
Industry & Trade General Holding Invests in Expansionary Projects Administrator Apr 22, 2012 0 Hussain Jasem Al Nowais, Chairman of GHC said that -The Abu Dhabi government-owned- General Holding Corporation…
Tech news Toshiba Acquires IBM’s Point-Of-Sale Terminal Business Administrator Apr 17, 2012 0 A unit of Toshiba Corp is in talks to buy IBM Corp's point-of-sale (POS) terminal business, which includes cash…
Banks ABG approves distributing US$ 175m as cash dividends and bonus shares Amwal Al Ghad English Mar 21, 2012 0 Al Baraka Banking Group B.S.C (ABG) has approved the recommendations of the Board of Directors to pay cash…