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Advertising - Sponsored
7/9/2024 2:40:10 PM
In today's interconnected world, financial markets offer numerous opportunities for individuals to participate and potentially profit from trading various assets.

World - War in Ukraine
6/24/2024 8:11:26 PM
The EU on Monday agreed to start paying out a first chunk of funds worth 1.4 billion euros ($1.5 billion) earned from Russian frozen assets to help arm Ukraine, bypassing blockages from Hungary.

World - War in Ukraine
6/14/2024 2:49:08 PM
Russian President Vladimir Putin on Friday branded as "theft" the freezing of Russian assets abroad and warned it would "not go unpunished".

World - War in Ukraine
6/13/2024 9:47:00 PM
G7 leaders agreed Thursday on a new $50 billion loan for Ukraine using profits from frozen Russian assets, support that was welcomed by President Volodymr Zelensky -- though he emphasised the need for more weapons.

World - War in Ukraine
6/13/2024 9:48:50 AM
G7 leaders gather Thursday for the first day of an Italy summit, seeking to seal a deal on using frozen Russian assets to help war-torn Ukraine.

Business - Markets & Companies
6/11/2024 10:09:43 PM
China has ordered the deeply indebted Evergrande conglomerate's electric car subsidiary to repay $262 million in subsidies for failing to meet its contractual obligations or risk having its assets seized, the company announced on Tuesday.

World - War in Ukraine
5/23/2024 10:57:46 PM
Russian President Vladimir Putin on Thursday signed a decree allowing the confiscation of assets inside Russia belonging to the United States, its citizens and companies, to compensate those hit by Western sanctions against Moscow.

World - War in Ukraine
5/8/2024 9:42:26 PM
EU member states reached an agreement Wednesday on a plan to use billions of euros in profits from frozen Russian central bank assets to arm Ukraine and fund its post-war reconstruction.

Egypt - Politics
3/8/2024 10:04:59 PM
A House subcommittee has issued a draft of the proposed new Code of Criminal Procedures, adding and amending key provisions - among them are provisions reducing the maximum duration of pretrial detention, and regulating travel bans and asset freezes.

Business - Energy
2/14/2024 2:33:42 PM
UAE’s Abu Dhabi National Oil Company (ADNOC) and the global energy giant British Petroleum (BP) have agreed to form a gas joint venture (JV) to develop gas assets in Egypt, according to a statement on Wednesday.

Business - Economy
2/1/2024 8:35:31 PM
​Global investment banks Goldman Sachs and Pictet Asset Management issued recommendations urging investors to purchase Egypt's US dollar-denominated bonds, according to a report by Bloomberg.

World - War in Ukraine
1/30/2024 3:14:39 PM
European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow's war in Ukraine, an EU official said.

War on Gaza - War on Gaza
1/22/2024 8:14:21 PM
Britain and the United States unveiled new asset freezes and travel bans Monday on Hamas and Palestinian Islamic Jihad (PIJ) figures, in their latest coordinated asset freezes and travel bans aimed at regional militants.

Business - Economy
1/21/2024 2:09:18 PM
Egypt-listed Maridive and Oil Services announced that its subsidiary Ocean Marine UAE is finalizing a deal to sell a $40 million marine unit to settle a part of a $45.5 million debt to banks, according to a bourse statement on Sunday.

World - War in Ukraine
1/18/2024 1:16:23 PM
It's been nearly two years since the United States and its allies froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow's invasion of Ukraine.

Business - Economy
1/14/2024 3:16:03 PM
Beltone Financial Holding’s subsidiary Beltone Asset Management has announced the launch of a new gold investment fund in collaboration with investment company Evolve Holding, read a statement on the Egyptian Exchange (EGX).

Business - Economy
1/11/2024 11:28:49 AM
Egypt’s securitization of FX revenue will not affect assets, says Sherif Samy, former chair of Financial Regulatory Authority

Business - Economy
1/10/2024 6:04:39 PM
A mission from the World Bank (WB) arrived in Egypt on Tuesday for a multi-day visit to discuss the development of the country's State Ownership Policy Document and how best to manage these assets, according to a statement by the Ministry of International Cooperation on Wednesday.

Business - Economy
1/2/2024 1:28:17 PM
The foreign assets deficit in the Egyptian banking system declined by EGP 5.25 billion to reach EGP 833.96 billion ($26.9 billion) in November 2023, according to data released by the Central Bank of Egypt (CBE).

Egypt - Urban & Transport
11/30/2023 7:13:43 PM
Egypt’s Prime Minister has ordered the closure of the former ministries’ headquarters in Cairo until the authorities conclude their plans for repurposing these state-owned assets.

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