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e-Dirham to be showcased at Cards and Payments ME

  Abu Dhabi / Emirates Business The e-Dirham system, created by the UAE Ministry of Finance (MoF), will be showcased at the two-day event Cards and Payments Middle East from May 31 to June 1, at the Dubai International Convention & Exhibition Centre. With the participation at the premier smart payment exhibition, the Ministry will be highlighting the latest services ...

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IFC invests in Egypt petrochemicals as part of $2 billion push

  Bloomberg The World Bank’s International Finance Corp. will invest $25 million in Egypt’s Carbon Holdings, a petrochemical producer, as part of plans to commit $2 billion in the country. The IFC will look for more ways to provide financing for Carbon Holdings, Mouayed Makhlouf, IFC director for the Middle East and North Africa, said in an interview in Dubai. ...

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IMF turns its back on Europe in Greece bailout conundrum

World economic forum, wef

  Washington / AFP The “breakthrough” deal announced last Wednesday to resume handing out bailout money to Greece sounded like old times: the International Monetary Fund working with European countries again as official lenders to Athens. In the end, however, the anti-global crisis lender again refused to support Greece’s third rescue program with its own financial contribution. The IMF said ...

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