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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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Al-Ahram Weekly
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Opinion
3/23/2023 11:20:13 PM
News of problems at three major banks in the US and Europe has brought back worried memories of the 2008 global financial crisis.
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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
3/22/2023 10:28:38 AM
American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets.
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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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Sponsored
3/20/2023 5:44:13 PM
Islamic banking has become increasingly popular among practicing Muslims who want to adhere to religious principles while conducting financial transactions. Islamic banking is a financial methodology based on Islamic law or Shariah, which operates on the principle of profit and loss sharing.
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World
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International
3/20/2023 12:48:58 PM
Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes.
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Business
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Markets & Companies
3/20/2023 10:20:50 AM
UBS is set to take over its troubled Swiss rival Credit Suisse for $3.25 billion following weekend crunch talks aimed at preventing a wider international banking crisis, but Asian equities sank Monday on lingering worries about the sector.
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Business
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Markets & Companies
3/19/2023 8:23:22 PM
Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.
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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
3/16/2023 9:02:51 PM
The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.
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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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Business
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Markets & Companies
3/13/2023 4:31:21 PM
President Joe Biden on Monday reassured Americans that their banking system is secure in the wake of the collapse of SVB and said he wants tougher regulations to prevent future crises.
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Business
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Tech
3/2/2023 7:17:57 PM
Egypt-based digital payment provider PaySky and Dahab Masr launched in February an online gold investment app called Yalla Invest that allows customers to purchase and invest in gold, in amounts starting from 0.25 grams, by providing digital payment solutions.
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Business
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Economy
3/1/2023 5:00:22 PM
The European Bank of Reconstruction and Development (EBRD) is projected to invest over $1.4 billion in Egypt, the highest investment the bank has ever made in the country, the EBRD’s Vice President for Banking Alain Pilloux told Ahram Online.
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Business
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Markets & Companies
2/20/2023 10:31:38 AM
The non-banking financial sector is a fast-growing and promising market in Egypt, Ahmed Kamal Selim, founder, CEO, and board member of Tadbiir for Leasing and Factoring, told Ahram Online.
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Business
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Economy
2/8/2023 1:50:02 PM
Egypt intends to initiate the first stage of the initial public offering (IPO) programme under its new loan agreement with the International Monetary Fund (IMF) in March before the completion of the programme's first review, a source close to the cabinet’s discussions told Ahram Online.
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Business
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Economy
1/31/2023 9:59:19 PM
Iran and Russia have taken a key step toward linking their banking systems in a move that further boosts their cooperation in the face of Western sanctions, an Iranian official said.
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Business
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Markets & Companies
1/29/2023 3:57:54 PM
For the first time in its history, the Egyptian Exchange (EGX) market capital exceeded on Sunday EGP 1.1 trillion prompted by strong activities of major stocks in the banking, communications, real estate and industrial domains.
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