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Business - Economy
5/30/2022 10:06:01 PM
State-owned National Bank of Egypt (NBE) and Banque Misr cancelled on Monday the high-yield 18 percent return one-year saving certificates of deposit after collecting EGP 750 billion in around 70 days.

Business - Economy
5/29/2022 5:14:00 PM
The UAE’s government announced on Sunday that it is allocating an investment fund of $10 billion for joint projects with Egypt and Jordan as part of a newly launched partnership industrial initiative meant to achieve sustainable economic development among the three countries.

Business - Economy
5/27/2022 6:27:35 PM
The African Development Bank (AfDB) has launched the Africa Circular Economy Facility (ACEF) at a total value of €4 billion in collaboration with the Finnish government, said Kariuki Kevin Kanina, the bank’s Vice President for Climate Action.

World - International
5/27/2022 3:51:26 PM
Democrats' first attempt at responding to the back-to-back mass shootings in Buffalo, New York, and Uvalde, Texas, failed in the Senate as Republicans blocked a domestic terrorism bill that would have opened debate on difficult questions surrounding hate crimes and gun safety.

Business - Tech
5/26/2022 11:50:38 PM
Elon Musk faces a lawsuit accusing him of pushing down Twitter's stock price in order to either give himself an escape hatch from his $44 billion buyout bid, or room to negotiate a discount.

War in Ukraine - Military
5/25/2022 10:48:31 PM
President Vladimir Putin issued an order Wednesday to fast track Russian citizenship for residents in parts of southern Ukraine largely held by his forces, while lawmakers in Moscow passed a bill to strengthen the stretched Russian army.

World - International
5/25/2022 8:07:04 PM
Senate Majority Leader Chuck Schumer swiftly set in motion a pair of firearms background-check bills Wednesday in response to the school massacre in Texas. But the Democrat acknowledged Congress’ unyielding rejection of previous legislation to curb the national epidemic of gun violence.

World - International
5/24/2022 10:07:00 PM
The Spanish government on Tuesday announced a 12.3 billion euro ($13.2 billion) investment plan to convert the country into a major producer of microchips and help reduce the dependence of Spain and the European Union on other suppliers.

Egypt - Politics
5/22/2022 7:30:09 PM
Egypt's House of Representatives – the lower house of parliament – gave preliminary approval Sunday to two bills on money laundering and pilgrimage visas, with final approval postponed to an upcoming session.

Business - Economy
5/22/2022 12:12:24 PM
Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current FY 2021/2022 — ends on 30 June — up from $5.5 billion last year, Minister of Finance Mohamed Maait said on Saturday.

Egypt - Politics
5/21/2022 6:42:45 PM
Egypt's House of Representatives – the lower house of parliament – will reconvene this week to hold plenary sessions on Sunday, Monday and Tuesday.

War in Ukraine - Military
5/21/2022 1:34:33 PM
President Biden on Saturday signed legislation to support Ukraine with another $40 billion in U.S. assistance as the Russian invasion approaches its fourth month.

War in Ukraine - Economy
5/18/2022 4:36:41 PM
The US, several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a worldwide food security crisis exacerbated by Russia's war in Ukraine.

Al-Ahram Weekly - Focus
5/17/2022 8:48:56 PM
The expansion of billboard advertising in Egypt over recent years has taken place without serious debate about its possible consequences, writes Khaled Hanafi Ali

Business - Economy
5/17/2022 1:00:52 PM
Remittances of Egyptian expats rose by 12.8 percent in March to reach $3.3 billion, up from then $2.9 billion recorded in the corresponding month of 2021, according to the Central Bank of Egypt (CBE).

Business - Markets & Companies
5/15/2022 2:20:38 PM
Emirates Telecommunications Group Company PJSC bought a 9.8% stake in Vodafone Group Plc for $4.4 billion as the Middle Eastern technology provider seeks to expand globally, Bloomberg reported.

Business - Economy
5/15/2022 1:57:26 PM
Exports of the Egyptian food industry increased by 5 percent in the first quarter of 2022, recording $1.04 billion against $996 million in the corresponding period in 2021, chairman of the Food Export Council Hany Barzy said on Sunday.

World - International
5/12/2022 8:50:13 PM
Twitter fired two of its top managers Friday, the latest sign of internal turmoil amid Tesla billionaire Elon Musk's planned buyout of the company.

Sports - Omni sports
5/10/2022 11:20:47 AM
Yasuhiro Yamashita, the head of the Japanese Olympic Committee, acknowledged the biggest stumbling block to holding the Olympics is the billions in costs.

Egypt - Politics
5/9/2022 5:45:00 PM
Egypt’s parliament – the House of Representatives – gave final approval on Monday to a legislative amendment allocating an additional EGP 6 billion to the FY 2021/22 budget.

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