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War in Ukraine - Economy
4/21/2022 11:50:55 PM
Ukraine needs $7 billion in month to keep its economy afloat amid the "economic losses" inflicted by Russia, President Volodymyr Zelensky said Thursday, as the United States announced another infusion of financial aid for the country.

War in Ukraine - Diplomacy
4/21/2022 11:11:35 PM
President Joe Biden pledged an additional $1.3 billion Thursday for new weapons and economic assistance to help Ukraine in its strong but increasingly difficult battle against the Russian invasion, and he promised to seek much more from Congress to keep the guns, ammunition and cash flowing.

World - International
4/21/2022 7:46:41 PM
Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, putting pressure on the social media platform's board to negotiate a sale deal.

Business - Markets & Companies
4/21/2022 5:15:25 PM
The revenues for Egypt-based e-payment platform Fawry climbed by 34.3 percent in 2021 to reach EGP 1.6 billion, with a growth in profit valued at EGP 932 million, an increase of 39.6 percent, according to the company’s financial statement released on Thursday.

World - Region
4/21/2022 2:24:01 PM
Turkey's main opposition leader said Thursday that his power supply had been cut at home after he stopped paying electricity bills in protest at sharp utility bill hikes.

World - International
4/18/2022 5:31:05 PM
The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted by multiple crises, the bank's President David Malpass said Monday.

World - International
4/16/2022 4:27:02 PM
Twitter is trying to thwart billionaire Elon Musk's takeover attempt with a ``poison pill`` _ a financial device that companies have been wielding against unwelcome suitors for decades.

World - International
4/14/2022 4:36:11 PM
Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed into a private company.

Business - Markets & Companies
4/12/2022 5:40:11 PM
The Abu Dhabi Developmental Holding Company (ADQ), also known as the Abu Dhabi wealth fund, has completed acquisition deals for five companies in Egypt, including private sector and state-owned firms, with a total value of $1.8 billion, the Egyptian Exchange (EGX) disclosed on Tuesday.

Business - Economy
4/12/2022 3:36:45 PM
Sukuk issuance globally grew by 11.6 percent in value in the first quarter (1Q) of 2022 to post $64.5 billion, driven by sovereigns and multilateral institutions despite the ongoing challenges, Fitch Ratings said in a report on Tuesday.

Business - Tech
4/11/2022 7:49:53 PM
Japanese giant Sony and Lego's Danish parent firm announced Monday a $2 billion investment in US gaming powerhouse Epic Games for its work toward joining the metaverse vision for the internet's future.

Arts & Culture - Entertainment
4/10/2022 4:24:24 PM
A group of inter-generational stars from film, TV, sports and music - including Bruce Springsteen, Hugh Jackman, Elton John, Jon Bon Jovi, Jonas Brothers and Billie Eilish - have signed up for a social media campaign to show support for Ukraine.

War in Ukraine - Economy
4/8/2022 2:52:38 PM
The EU has so far frozen nearly 30 billion euros in assets from blacklisted Russian and Belarusian individuals and companies under sanctions imposed for Moscow's war in Ukraine, it said Friday.

Business - Economy
4/7/2022 4:59:21 PM
Egypt’s net international reserves (NIRs) fell to about $37 billion by end of March, down from $40.9 billion in February, the Central Bank of Egypt (CBE) announced on Thursday.

War in Ukraine - Economy
4/7/2022 11:39:32 AM
British energy giant Shell warned Thursday that it would take a hit of up to $5 billion (4.6 billion euros) on its exit from Russia, following Moscow's invasion of Ukraine.

Al-Ahram Weekly - Economy
4/7/2022 11:01:00 AM
A leap in exports is an urgent necessity as Egypt approaches the next economic stage, writes Al-Ahram Weekly

War in Ukraine - Economy
4/5/2022 8:03:09 PM
Britain has frozen some $350 billion (321 billion euros) in assets from the "war chest" of Russian President Vladimir Putin, British Foreign Secretary Liz Truss said during a visit to Warsaw on Tuesday.

World - International
4/4/2022 10:48:55 PM
The US Defense Department approved Monday the sale of eight F-16 combat aircraft to Bulgaria for $1.67 billion, bolstering its air force as the regional threat has risen after Russia's invasion of Ukraine.

Business - Economy
4/4/2022 9:57:42 PM
The National Bank of Egypt (NBE) and Banque Misr announced Monday that the proceeds of the one-year saving certificates with a 18 percent return, launched on 21 March, amounted to EGP 423 billion by the end of the day and in a span of two weeks.

Business - Economy
4/4/2022 4:24:51 PM
The Egyptian government allocated EGP 1.1 billion for the General Authority for Supply Commodities and the Agricultural Bank of Egypt in order to finance local wheat crop procurement from farmers, Minister of Finance Mohamed Maait announced on Monday.

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