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Banks to trim assets, especially abroad, to boost capital bases

By Yiannis Papadoyiannis

The European Commission’s restructuring plans for Greek banks provide for a drastic scaling back of their activities abroad as well as reductions in the number of branches and staff at home.

The plans for banks National (NBG) and Piraeus were given the green light late last month, following those for Alpha in early July and Eurobank in April.

Israeli delegation arrives in Cairo for truce talks

An Israeli delegation arrived in Cairo on Aug. 11 for indirect negotiations with Palestinians on a durable truce in Gaza, Egypt and Israeli officials said.
      
The Palestinian delegation meanwhile was already locked in talks with Egyptian intelligence mediators, who will relay their demands to the Israeli negotiators, a Palestinian official said.
     

African beauty

Okra is the hidden gem of Anatolian cuisine. Consumed both fresh and dried, it has deep roots in Ottoman culinary culture, marking the trade route from Africa to Asia Minor. It is believed to have originated from Ethiopia and Eastern Sudan and was cultivated along the Nile by the 12th century. Okra is called bamya in Turkish, coming from the Arabic word for the plant.

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