Remco for Touristic Villages Construction will finalize paying all installments of its US$ 16 million debt to Misr Iran Development Bank in 2014, said Ayoub Adly Ayoub, chairman of the company.
The company borrowed US$ 10 million from Misr Iran Bank in August 2009 to resume the establishment of (...)
Iran's defense minister says Iran has built a new, radar-evading drone that can do surveillance and fire on enemy targets.
The semi-official Fars news agency on Thursday quoted Gen. Ahmad Vahidi as saying that the new aircraft — dubbed Epic, or Hemaseh in Farsi — can fly at high altitudes.
He did (...)
Iran says a moderate earthquake rattled a region near the country's main nuclear reactor, but there were no reports of damage or deaths in the surrounding area.
The quake had a preliminary magnitude of 5.1 and was centered near Kaki, about 100 kilometers (60 miles) southeast of Bushehr on the (...)
Iran opened new uranium mines and a yellow cake production plant on Tuesday, state news agency IRNA reported.
The country opened the Saghand 1 and 2 uranium mines in the central city of Yazd and the Shahid Rezaeinejad yellow cake factory, capable of producing 60 tonnes of yellow cake annually, to (...)
Misr Iran Development Bank's standalone income statement that it achieved net profit of EGP 215.4 million at the end of 2012, compared to EGP 184 million at the end of 2012, registering a growth rate of 17%.
The bank's pre-income-tax profit rose 25.2% to reach EGP 245.4 million at the end of last (...)
img style="display:none;visibility:hidden;" data-cfsrc="http://i1.wp.com/www.dailynewsegypt.com/beta/wp-content/uploads/2013/03/Argo-film-facebook.jpg?fit=300%2C300" class="attachment-medium" alt="Argo" chronicles the life-or-death covert operation to rescue six Americans, which unfolded behind the (...)
The chief UN atomic inspector said Thursday that talks with Iran had failed again to reach a deal on agreeing enhanced inspections of Tehran's nuclear programme, and that no new meeting had been set.
"We had discussions on the structured approach document but could not finalise the document," (...)
Iran has presented its first domestically designed defense fighter-bomber jet with limited stealth capabilities. Iranian President Mahmoud Ahmadinejad stressed that the plane was designed for defense purposes, and will not be used for aggression.
Codenamed Qaher-313 ('Conqueror'), the jet is an (...)
In a renewed crackdown on the news media in the capital, plain-clothes intelligence ministry officials yesterday searched the headquarters of four daily newspapers – Etemad, Arman, Shargh and Bahar – and the weekly Aseman and, without giving any explanation, arrested at least 10 journalists.
Two (...)
Iran's plans to build the nation's biggest car factory, capable of producing 5 million cars every year, by 2015, local Twhran Times daily reported on Sunday.
The factory's output will be larger than the combined output of the two existing major carmakers, Iran Khodro and Saipa, the report said.
The (...)
Iran ranks third in the world in terms of dam construction, said the head of Water and Wastewater Department of Energy Ministry.
Alireza Daemi said on Monday Iranian experts are involved in the hydroelectricity projects of 21 countries, adding that Siah-Bisheh dam and power plant, located in (...)
The naval force of Iran's Islamic Revolutionary Guard Corps (IRGC) has held exercises to test new equipment and battle tactics in the strategic Strait of Hormuz, Iranian media reported on Sunday.
The drills tested the IRGC naval force's combat-readiness, speed in responding to natural disasters and (...)
Misr Iran Development Bank's investments in treasury bills reached EGP 1.4 billion at the end of 2012, up from EGP 1 billion at the end of June 2012.
Sources revealed to Amwal Al Ghad that the bank targets to raise the loan-to-deposit ratio to 71% through injecting EGP 1 billion to the bank's loan (...)
Misr Iran Development Bank plans to increase loan portfolio to EGP 5 billion by the end of 2013, up from EGP 44 billion at the end of 2012.
Sources said the bank targets to finance power, industrial, pharmaceutical and food industries sectors, expecting the Egyptian market to boom in next year (...)
Israel's main centre-left parties may join forces against conservative Prime Minister Benjamin Netanyahu in the Jan. 22 election that he is currently forecast to win easily, one of the challengers said on Saturday.
Former foreign minister Tzipi Livni, head of the centrist Hatenuah party, said on (...)
Airplanes in Iran are no longer allowed to fly during Azan, according to a ban issued by Iran's parliament and allowed to take off only after 30 minutes has passed to give passengers time to fulfill their religious duties
Iran's parliament has banned airplanes from flying in the country during the (...)
After serving a 14-year sentence for murder, no one would have expected Sarah Jane Coffman to go anywhere near the Hiland Mountain Correctional Center once she was released.
But every Saturday she makes the 10-mile drive with a viola in tow for orchestra practice at the prison just north of (...)
The Swedish firm Ericsson is working with Iran's largest mobile telecom operator to expand its network and has promised to support another Iranian mobile carrier until 2021, according to interviews and an internal company document.
The involvement of Ericsson, the world's largest mobile network (...)
Iran has temporarily banned the import of some "luxury goods" including foreign-made cars and mobile phones, a state-run newspaper said on Thursday, to save billions of dollars for essential products in the face of worsening sanctions.
Iran's oil exports, the lifeblood of its economy and the major (...)
Iranhas temporarily banned the import of some "luxury goods" including foreign-made cars and mobile phones, a state-run newspaper said on Thursday, to save billions of dollars for essential products in the face of worsening sanctions.
Iran's oil exports, the lifeblood of its economy and the major (...)
As he again denied Iran was trying to develop nuclear weapons, president Ahmadinejad says the era of using nuclear weapons is over those who are stockpiling nuclear weapons are backward mentally retarded
Iranian President Mahmoud Ahmadinejad said on Thursday the age of nuclear deterrence was long (...)
Ridge Islamic Capital, a Sharia- compliant investment bank, said it targets increasing its total volume of the assets under management (AUM) to EGP 400 million within the coming four years.
Ahmed Rizkallah, Country Manager of Ridge Islamic, stated that Ridge's current AUM total volume is EGP 50 (...)
The Central Bank of Iran is planning to introduce a second official currency exchange rate for imports, Mehr news agency has recently reported. The new measure, which should be implemented within the next few weeks, has been approved by the government.
But why is this change necessary? Well, the (...)
Two Iranian dissidents - a lawyer and a film director - have been awarded the 2012 Sakharov Prize for Freedom of Thought.
Martin Schulz, the president of the European Parliament, which awarded the prize to Nasrin Sotoudeh and Jafar Panahi, said it was "a message of solidarity and recognition to a (...)
Misr Iran Development Bank's loan-to-deposit ratio stood at 77% at the end of last September as loan portfolio reached EGP 4 billion and deposit portfolio registered EGP 5.2 billion at the end of last month.
The bank's deposits grew by EGP 200 million to reach EGP 5.2 billion at the end of last (...)