The Greece-based Mellon Group, provider of value-added services and technological solutions to financial institutions, has launched Mellon Egypt, its new subsidiary in northern Africa. Mellon Egypt, based in Cairo, aims to support the increasing needs of effectively managing and expanding the retail and corporate transactions business of banks, telecom providers, public utilities, as well as

Luis Corrons, technical director of PandaLabs, Panda Software’s malware research laboratory, explained that there is currently more malware than ever and that it is designed to steal users’ money. Threat creators try to infect computers silently, creating a false sense of security. Consequently, many systems with up-to-date security solutions installed are infected. Corrons said in

Pantech Group, the leading Korean handset manufacturer, has launched its S100 handset, a sleek and simple candy bar phone as part of a bid to increase its market share in the high-growth mobile phone market of Mexico. The new phone will be made available through Telcel, the largest service operator in Mexico, which commands 80%

Euro not a big worry, interest rates flat from June   The medium-term outlook for European equities is still good, though stock markets are unlikely to rise as fast as they did in 2006, Jürgen Michels, Director of the Economic and Market Analysis at Citigroup Corporate and Investment Banking, told the Financial Mirror on Tuesday.

Lufthansa German Airlines will introduce four new flights a week from Larnaca to Munich for the month of August, in addition to teh five operated to the busy Frankfurt airport. Munich Airport is one of the most modern airports in teh world and offers convenient transfer facilities, which will make it more attractive for out-bound

By Michael S. Olympios Chief Consultant Allied Business Consultants Enron was not just another scandal in the history of US financial markets. It was a catastrophe of epic proportions. It caused thousands of people to lose their jobs and even more to lose their savings. But Enron served another, perhaps even greater purpose. It was

The German EU Presidency reaffirmed that the decision regarding the Republic of Cyprus’ accession to the Eurozone will be based on the same criteria that had been applied to all countries. A written statement by the German Presidency said ”the Presidency advocates that the decision whether the Euro can be introduced in Cyprus will be