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Business
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Economy
3/29/2023 1:40:01 PM
The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is scheduled to convene on Thursday to review the key interest rates for the second time in 2023 amid broad expectations of a surge in interest rates by up to three percent (300 bps).
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Business
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Markets & Companies
3/29/2023 12:04:39 PM
UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse.
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Al-Ahram Weekly
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Living
3/28/2023 9:29:26 PM
While many people are having to contend with soaring prices this Ramadan, this has not prevented them from celebrating the holy month, writes Ameera Fouad
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Business
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Economy
3/28/2023 9:04:58 PM
The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary to fix the problems.
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World
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International
3/28/2023 3:30:34 PM
French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said.
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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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World
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Africa
3/27/2023 3:10:03 PM
Kenyan police fired tear gas and water cannon at protesters and opposition leader Raila Odinga's convoy on Monday as he pressed ahead with an anti-government rally despite a ban.
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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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Arts & Culture
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Music
3/27/2023 10:55:35 AM
Massar Egbari, one of Egypt's best-known independent bands, released a new single titled "Kelma" on Sunday.
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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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World
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International
3/26/2023 8:28:22 PM
A group of Tennessee Republicans began this year’s legislative session hoping to add narrow exceptions to one of the strictest abortion bans in the country, armed with the belief that most people, even in conservative Tennessee, reject extremes on the issue.
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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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Africa
3/26/2023 2:02:57 PM
Kenya's police chief announced Sunday a ban on fresh opposition demonstrations called for Monday, after protests last week degenerated into riots.
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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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Tech
3/24/2023 10:43:00 PM
France announced Friday it is banning the “recreational” use of TikTok, Twitter, Instagram and other apps on government employees' phones because of concern about insufficient data security measures.
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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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