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Egypt
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Urban & Transport
11/30/2023 7:13:43 PM
Egypt’s Prime Minister has ordered the closure of the former ministries’ headquarters in Cairo until the authorities conclude their plans for repurposing these state-owned assets.
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Business
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Economy
11/22/2023 11:50:32 PM
The gold holdings of the Central Bank of Egypt (CBE) increased by 6 percent to EGP 249.64 billion ($8.08billion) in October from EGP 235.64 billion ($7.63 billion) in September, according to the monthly balance sheet released on Wednesday.
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Business
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Economy
11/13/2023 12:43:33 PM
The Egyptian cabinet announced that it will hold a press conference soon to provide updates on the government IPO programme and future planning, said Prime Minister Mostafa Madbouly according to a statement.
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World
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War in Ukraine
11/8/2023 9:58:56 PM
Russian President Vladimir Putin signed a decree Wednesday offering a way for Russian investors to "swap" their frozen assets abroad with the frozen assets of foreign companies in Russia.
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Business
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Economy
11/8/2023 9:04:01 PM
Egypt seeks to collect additional revenue of EGP 70 billion ($2.27 billion) from its privatization programme during the fiscal year (FY) 2023/2024, according to a recent book released by the Cabinet’s Information and Decision Support Center (IDSC) on Wednesday.
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Business
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Economy
11/1/2023 3:31:32 PM
Foreign assets deficit at the Egyptian banking system declined for the first time in 11 months to reach EGP 812.41 billion ($26.29 billion) in July 2023, 2.66 percent lower than the previous month, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Tech
10/15/2023 10:31:57 PM
The Expand North Star, a global startup gathering, was officially introduced on Sunday at Dubai Harbour, gathering more than 1,000 investors; collectively managing assets exceeding $1 trillion.
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Opinion
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10/11/2023 12:00:43 AM
Despite the display of strength demonstrated by the US deployment of its largest aircraft carrier, USS Ford, along with four destroyers and other naval assets to support Israel, it appears that the Biden administration does not want the Israeli response to the Palestinian armed factions' attack to escalate into a wide regional war.
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World
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International
10/3/2023 2:38:46 PM
Singapore defended its reputation as a global financial hub on Tuesday after a massive money laundering case crossed $2 billion in seized and frozen assets, with a senior minister saying it was likely among the world's biggest.
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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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