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World
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Region
2/24/2025 2:15:56 PM
The European Union on Monday eased sanctions on Syria's energy, transport and banking sectors in a bid to help the country's reconstruction after the fall of Bashar al-Assad.
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Business
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Economy
2/18/2025 12:57:31 PM
The banking sector’s efforts have made significant strides, achieving 12 out of the UN’s 17 sustainable development goals (SDGs) under the leadership of the Central Bank of Egypt (CBE), the bank said in a statement on Tuesday.
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Business
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Economy
12/22/2024 4:31:53 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah emphasized the importance of enhancing the financial stability and resilience of the Arab banking sectors.
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Business
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Economy
11/22/2024 1:07:53 PM
The Financial Regulatory Authority (FRA) has issued Decision No. 163 of 2024 to launch the first regulatory sandbox in the non-banking financial sector to foster startups' growth with innovative digital solutions, according to a statement released by the Egyptian Cabinet on Thursday.
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Egypt
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Society
10/29/2024 3:06:46 PM
In alignment with the presidential initiative of the human development project "Bedaya," the Central Bank of Egypt (CBE) and the banking sector have actively participated in the recent "Good Week" events, which aimed to support vulnerable groups in the Alexandria Governorate.
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Business
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Economy
9/30/2024 11:59:15 AM
The Central Bank of Egypt (CBE) and the Central Bank of Tunisia have signed a memorandum of understanding (MoU) in the banking sector to enhance cooperation in areas of mutual interest, including the exchange of experiences in financial stability and monetary policy.
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Business
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Markets & Companies
8/6/2024 2:59:31 PM
The Egyptian Credit Bureau (Iscore) has introduced its new “Market Analytical Data” platform, designed to help banks evaluate, monitor, and analyze the performance of their loan portfolios in comparison to the banking sector and competitors over 12 months, according to the company's announcement.
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Business
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Economy
1/31/2024 3:27:59 PM
Standard Chartered Egypt CEO Mohammed Gad revealed exclusively to Ahram Online (AO) the bank’s plans for the Egyptian market and how it perceives Egypt’s economic climate in general and the banking sector system in particular.
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Business
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Economy
1/9/2024 6:01:30 PM
The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans, sources in the banking sector revealed to Ahram Online.
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Business
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Energy
9/24/2023 1:21:40 PM
Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda, has underscored the imperative for banks to take a more substantial role in driving the transition to green economies through investments in climate projects.
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Business
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Economy
8/3/2023 7:07:05 PM
Banks from four Arab countries are interested in investing in Lebanon’s struggling banking sector, which was hard-hit by the small nation’s three-year economic meltdown, a top Arab banker said Thursday.
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Business
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Economy
7/30/2023 4:06:53 PM
The Arab Monetary Fund (AMF) has lent Egypt $615.8 million to support a reform programme in the country's financial and banking sector, according to a statement by the AMF on Sunday.
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Business
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Markets & Companies
3/30/2023 11:37:44 AM
Asian and European markets mostly rose Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of the recent turmoil.
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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 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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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
3/22/2023 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
3/21/2023 2:23:31 PM
The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen will tell a summit Tuesday, according to prepared remarks.
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Business
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Economy
3/16/2023 9:56:08 PM
Saudi finance officials on Thursday downplayed risks to the global banking sector after days of market turmoil fuelled by the implosion of two tech industry lenders and pressures on Credit Suisse.
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Business
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Markets & Companies
3/14/2023 12:57:06 PM
Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.
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