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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
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
7/31/2023 3:15:52 PM
Beltone Financial Holding, a large Cairo-listed investment company, has signed a memorandum of understanding to acquire a microfinance company, according to a statement on Monday.
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Business
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Markets & Companies
7/30/2023 7:22:23 PM
Cairo-based financial services company Banknbox announced the opening of its $10 million regional headquarters in Egypt to provide an integrated platform of banking solutions, electronic payments, smart transportation tech, and digital government payment solutions, among others, according to a press release on Sunday.
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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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Economy
7/17/2023 9:53:55 PM
Regional fintech event Seamless North Africa has kicked off in Egypt's New Cairo with the participation of over 4,000 from international, regional, and local financial and banking institutions, according to an official statement on Monday.
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Business
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Economy
7/13/2023 10:32:52 PM
Egypt's total outstanding treasury bills (T-bills) have declined by 4.84 percent to EGP 1.866 trillion ($60.38 billion) in April 2023, from EGP 1.96 trillion ($63.43 billion) in March, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
7/12/2023 10:08:57 PM
Egypt's Financial Regulatory Authority (FRA) has issued new regulations for the use of financial technology (fintech) in the non-banking financial sector, according to an official statement 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
7/9/2023 5:42:53 PM
Commercial International Bank (CIB) has announced receiving $250 million in long-term loans from the International Finance Corporation (IFC) to support its capital and fund green projects, according to a bourse statement on Sunday.
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Business
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Markets & Companies
6/21/2023 1:38:03 PM
GB Corp, the leading automotive company that ownsGB Auto and the non-bank financial services company “GB Capital”, announced the launch of 'Kredit,' a new SME lending company, according to a statement released on Wednesday.
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Business
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Economy
5/25/2023 12:52:50 PM
African Banker magazine granted Chairman of the Commercial International Bank (CIB) Hisham Ezz El-Arab the Lifetime Achievement Award in recognition of his achievements throughout his banking career, the magazine stated.
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World
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Region
5/15/2023 10:58:43 PM
Lebanon's central bank governor Riad Salameh is expected to miss an upcoming hearing in a French probe after Lebanese police had failed to deliver a summons, a judicial official said Monday.
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World
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War in Ukraine
5/11/2023 3:44:56 PM
Support for war-torn Ukraine topped the agenda at G7 finance talks on Thursday in Japan, where ministers and central bankers also weighed concerns ranging from banking uncertainty to US debt default fears.
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Business
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Economy
5/5/2023 4:14:51 PM
Recent turmoil in the banking industry may have you worried about your money.
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Business
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Economy
5/2/2023 2:29:33 PM
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Business
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Economy
4/4/2023 4:57:51 PM
The Egyptian Tax Authority (ETA) has announced plans to open a USD banking account in order to facilitate the collection of taxes from foreign companies in US dollars, ETA Head Mokhtar Tawfik announced on Tuesday.
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Business
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Economy
3/30/2023 11:24:48 PM
US President Joe Biden called on banking regulators Thursday to reinstate tougher rules on midsized banks, saying that doing so would prevent future failures like that of Silicon Valley Bank.
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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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