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World
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Region
9/18/2023 7:57:30 PM
Five prisoners sought by the US in a swap with Iran were freed Monday and headed home as part of a deal that saw nearly $6 billion in Iranian assets unfrozen.
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Business
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Markets & Companies
9/7/2023 9:51:24 PM
The Egyptian Exchange (EGX) indices reached unprecedented heights over the week ending on 7 September, supported by the recent announcement of the privatization of state assets.
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Business
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Economy
9/3/2023 12:37:24 PM
The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in liabilities.
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Business
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Economy
8/30/2023 2:36:45 PM
The Egyptian government is planning to exit 83 percent of its 26 companies in the agricultural sector, read a document on the Government IPO Programme released by the Cabinet's Information and Decision Support Centre (IDSC).
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Business
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Economy
8/29/2023 11:32:00 PM
The Egyptian government is planning to attract $5 billion from the offering of power plants and state-owned companies from October 2023 until the end of June 2024, according to a report on the Government IPO Programme by the Cabinet's Information and Decision Support Center (IDSC).
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World
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Region
8/12/2023 10:13:06 AM
The United States and Iran reached a tentative agreement this week that will eventually see five detained Americans in Iran and an unknown number of Iranians imprisoned in the US released from custody after billions of dollars in frozen Iranian assets are transferred from banks in South Korea to Qatar.
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Business
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Economy
8/6/2023 6:57:49 PM
Egypt's net international reserves increased by $71.7 million during July 2023, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
8/1/2023 6:48:00 PM
The deficit in Egypt's net foreign assets surged by over 125 percent on a yearly basis in June, according to data released by the Central Bank of Egypt (CBE) on Tuesday.
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Business
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Economy
7/19/2023 5:21:24 PM
Assets under the management of the Sovereign Fund of Egypt (SFE) recorded $12 billion, Chairman of the fund and Minister of Planning and Economic Development Hala El-Said stated on Wednesday.
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Business
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Economy
7/10/2023 9:48:17 PM
A senior Federal Reserve official has proposed raising capital requirements for large and mid-sized US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
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Business
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Economy
6/14/2023 10:19:16 PM
Egyptian bank assets increased by 14 percent to nearly EGP 13 trillion ($420.71 billion) during the first three months of 2023, up from EGP 11.4 trillion recorded at the end of December 2022, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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World
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War in Ukraine
5/16/2023 9:32:09 PM
Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus' Finance Ministry said Tuesday.
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Business
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Economy
5/2/2023 2:29:33 PM
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Business
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Economy
5/1/2023 12:08:20 PM
The Federal Deposit Insurance Corp. says JPMorgan Chase Bank will take over all deposits and most of the assets of troubled First Republic Bank.
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World
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War in Ukraine
4/20/2023 8:05:57 PM
Italy said Thursday it was seeking to freeze the assets of a Russian arrested in Milan at Washington's request who disappeared while under house arrest only to re-emerge in Russia.
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World
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Region
4/18/2023 10:55:51 PM
The UK government said Tuesday it had frozen the assets of a Lebanese businessman suspected of financing Hezbollah, while US authorities announced action against a network allegedly helping the man avoid sanctions.
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World
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War in Ukraine
4/11/2023 12:07:42 PM
Switzerland insisted Tuesday it was clamping down on Russian assets parked in the country, after other countries accused the Swiss of not going far enough.
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World
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Region
3/30/2023 11:55:38 AM
The United Nations' highest court is set to rule Thursday in a case filed by Iran against the United States over frozen Iranian assets worth some $2 billion that the U.S. Supreme Court awarded to victims of a 1983 bombing in Lebanon and other attacks linked to Tehran.
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World
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Region
3/20/2023 11:03:46 PM
A top Iranian official said Iran and Iraq have agreed on new mechanisms, enabling the former to use its frozen oil and electricity exports money in the latter's banks, official news agency IRNA reported on Monday.
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Business
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Markets & Companies
3/11/2023 4:08:26 PM
Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.
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