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Business
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Markets & Companies
3/27/2023 3:31:21 PM
U.S. futures shot higher early Monday, with bank stocks mostly gaining after the Federal Deposit Insurance Corp. said it had agreed to the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co.
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Business
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Economy
3/27/2023 12:56:56 PM
The chairman of Saudi National Bank, the main shareholder of troubled lender Credit Suisse which was bought out this month, has resigned, a statement said on Monday.
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Business
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Markets & Companies
3/27/2023 11:12:00 AM
European markets rebounded on Monday while Asian stocks were mixed at the start of what could be another rocky week for global markets thanks to lingering uncertainty about the banking sector.
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Business
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Economy
3/26/2023 11:42:58 PM
The Central Bank of Egypt (CBE) has announced that transactions worth EGP 112.7 billion were conducted via its InstaPay app over a year.
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Business
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Economy
3/26/2023 6:00:56 PM
International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.
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World
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Region
3/26/2023 3:55:27 PM
Palestinian Presidential Spokesman Nabil Abu Rudeineh condemned on Sunday the spiral of Israeli violence against the Palestinian people, accusing the Israeli far-right government of fueling the conflict.
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Business
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Economy
3/26/2023 2:25:41 PM
Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in a new report.
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World
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Region
3/25/2023 10:15:04 PM
The Israeli occupation army said two soldiers were wounded, one severely, Saturday evening in a drive-by shooting in the occupied West Bank.
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Business
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Economy
3/24/2023 4:51:09 PM
Shares in Deutsche Bank fell sharply Friday, dragging down major European banks and leading German Chancellor Olaf Scholz to express confidence in the solidity of the country’s largest lender as fears about the global financial system sent fresh shudders through the markets.
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Al-Ahram Weekly
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Egypt
3/24/2023 3:12:00 PM
Egypt’s efforts to stem violence in the Palestinian territories continue.
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Al-Ahram Weekly
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Opinion
3/23/2023 11:20:13 PM
News of problems at three major banks in the US and Europe has brought back worried memories of the 2008 global financial crisis.
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World
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Region
3/23/2023 5:24:27 PM
A 25-year-old Palestinian man was shot dead on Thursday during an Israeli army raid on the village of Izbat Shoufa, east of the northern West Bank city of Tulkarm, Palestinian news agency WAFA reported.
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Business
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Markets & Companies
3/23/2023 2:21:47 PM
Europe's stock markets opened lower Thursday before interest rate calls in Britain, Norway and Switzerland, after the US Federal Reserve hiked borrowing costs despite banking-sector turmoil.
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Business
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Economy
3/23/2023 12:59:36 PM
The Bank of England has focused on fighting inflation with an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system
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World
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Africa
3/23/2023 11:22:45 AM
Hempstone Monari's taxi business was just getting going when the wheels fell off his financial future and a Kenyan bank auctioned off his car over the non-payment of a $9,900 loan.
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Business
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Economy
3/22/2023 9:21:09 PM
The US Federal Reserve raised its key rate by another quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to balance between curbing high inflation and averting further upheaval in the commercial banking sector.
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Business
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Economy
3/22/2023 3:54:35 PM
The International Finance Corporation (IFC), a World Bank Group (WBG) financing arm, said on Wednesday it will make an equity investment of up to €25 million in the Mediterrania Capital Partners’ Mediterrania MC IV fund, with the possibility of investing another €20 million later on.
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Business
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Economy
3/22/2023 3:46:00 PM
The World Bank Group (WBG) Board of Executive Directors approved on Tuesday a new Country Partnership Framework (CPF) for Egypt, laying out the WBG’s strategy in the country for FY2023–2027, the WBG announced on Wednesday.
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World
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Region
3/22/2023 2:46:35 PM
Israel has "no intention" of reviving West Bank settlements evacuated nearly two decades ago, the office of Prime Minister Benjamin Netanyahu said Wednesday, after a parliamentary vote sparked US ire.
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Business
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Economy
3/22/2023 2:08:27 PM
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