The Islamic republic's supreme leader Ayatollah Ali Khameni has been transferred to a secure location, sources say
Speaking at the launch, the bank’s chief executive Abdul Aziz Al Ghurair said banks played an important role in Egypt’s recent economic growth.
“The Egyptian banking sector is a key player in the growth of the country’s economy, especially in light of the remarkable GDP growth that averaged 7 per cent over the last two years,” Ghurair said.
Earlier this month, Egypt’s finance minister said growth was expected to slow to between 4 and 4.5 per cent in the current fiscal year, from 7.2 per cent a year earlier. The global financial crisis has affected Egypt’s main sources of income, with revenues from the Suez Canal and tourism declining. Foreign direct investment fell to $4 billion between July and December 2008 from $7.7 billion in the same period a year earlier.
Mashreq, Dubai’s largest bank by market value, said last year it plans to open 30 branches in Egypt within the next three to four years.
The Islamic republic's supreme leader Ayatollah Ali Khameni has been transferred to a secure location, sources say
Haddad, a project to enhance security of the Emirates' water areas, is the first-of-its-kind in the region
A Dh50,000 fine was also imposed on the impounded vehicles
Both Israeli and US media reported that Hezbollah's leader Hassan Nasrallah was the target
The event will spotlight 104 young golfers aged 11 to 18, all eager to showcase their skills on the newly enhanced back nine at Arabian Ranches
This comes after Israel military claimed on Saturday that it killed the militant group's chief
No casualties were reported and employees were sent home for the day
The hot season ended with the autumn equinox being observed on September 22