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Al-Ahram Weekly
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Economy
9/24/2024 9:37:44 PM
New privatisation deals are in the pipeline, together with potential Eurobond offerings and new foreign direct investment, reports Sherine Abdel-Razek
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World
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International
8/13/2024 8:44:30 PM
Palermo police said Tuesday they had carried out a raid in northern Brazil with their local counterparts to cripple the lucrative businesses of a leading member of Sicily's Cosa Nostra.
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Al-Ahram Weekly
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World
7/30/2024 6:50:40 PM
A deal to use the profits of frozen Russian assets to secure a loan to aid Ukraine may exacerbate tensions between the West and Russia, reports Karam Said
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World
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War in Ukraine
7/26/2024 4:08:00 PM
The EU on Friday said 1.5 billion euros ($1.6 billion) had been made available to support Ukraine, the first chunk of money earned from profits on Russian frozen assets.
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Advertising
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Sponsored
7/9/2024 2:40:10 PM
In today's interconnected world, financial markets offer numerous opportunities for individuals to participate and potentially profit from trading various assets.
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World
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War in Ukraine
6/24/2024 8:11:26 PM
The EU on Monday agreed to start paying out a first chunk of funds worth 1.4 billion euros ($1.5 billion) earned from Russian frozen assets to help arm Ukraine, bypassing blockages from Hungary.
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World
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War in Ukraine
6/14/2024 2:49:08 PM
Russian President Vladimir Putin on Friday branded as "theft" the freezing of Russian assets abroad and warned it would "not go unpunished".
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World
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War in Ukraine
6/13/2024 9:47:00 PM
G7 leaders agreed Thursday on a new $50 billion loan for Ukraine using profits from frozen Russian assets, support that was welcomed by President Volodymr Zelensky -- though he emphasised the need for more weapons.
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World
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War in Ukraine
6/13/2024 9:48:50 AM
G7 leaders gather Thursday for the first day of an Italy summit, seeking to seal a deal on using frozen Russian assets to help war-torn Ukraine.
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Business
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Markets & Companies
6/11/2024 10:09:43 PM
China has ordered the deeply indebted Evergrande conglomerate's electric car subsidiary to repay $262 million in subsidies for failing to meet its contractual obligations or risk having its assets seized, the company announced on Tuesday.
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World
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War in Ukraine
5/23/2024 10:57:46 PM
Russian President Vladimir Putin on Thursday signed a decree allowing the confiscation of assets inside Russia belonging to the United States, its citizens and companies, to compensate those hit by Western sanctions against Moscow.
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World
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War in Ukraine
5/8/2024 9:42:26 PM
EU member states reached an agreement Wednesday on a plan to use billions of euros in profits from frozen Russian central bank assets to arm Ukraine and fund its post-war reconstruction.
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Business
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Energy
2/14/2024 2:33:42 PM
UAE’s Abu Dhabi National Oil Company (ADNOC) and the global energy giant British Petroleum (BP) have agreed to form a gas joint venture (JV) to develop gas assets in Egypt, according to a statement on Wednesday.
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World
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War in Ukraine
1/30/2024 3:14:39 PM
European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow's war in Ukraine, an EU official said.
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World
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War in Ukraine
1/18/2024 1:16:23 PM
It's been nearly two years since the United States and its allies froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow's invasion of Ukraine.
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Business
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Economy
1/11/2024 11:28:49 AM
Egypt’s securitization of FX revenue will not affect assets, says Sherif Samy, former chair of Financial Regulatory Authority
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Business
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Economy
1/10/2024 6:04:39 PM
A mission from the World Bank (WB) arrived in Egypt on Tuesday for a multi-day visit to discuss the development of the country's State Ownership Policy Document and how best to manage these assets, according to a statement by the Ministry of International Cooperation on Wednesday.
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Business
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Economy
1/2/2024 1:28:17 PM
The foreign assets deficit in the Egyptian banking system declined by EGP 5.25 billion to reach EGP 833.96 billion ($26.9 billion) in November 2023, according to data released by the Central Bank of Egypt (CBE).
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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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