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Business
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Energy
9/24/2023 1:21:40 PM
Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda, has underscored the imperative for banks to take a more substantial role in driving the transition to green economies through investments in climate projects.
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Business
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Economy
9/21/2023 3:55:16 PM
Intesa Sanpaolo Group has started preliminary talks with the Egyptian government for a possible purchase of Alexbank’s 20% remaining stake, said Marco Rottigni, head of the International Subsidiary Banks Division.
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Business
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Economy
9/20/2023 12:53:52 PM
The Central Bank of Egypt (CBE) announced on Wednesday a three-day holiday for banks, starting 28 September, to celebrate the Moulid El-Nabi, Prophet Muhammad's birthday.
Banks will reopen on 1 October.
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Business
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Energy
9/19/2023 2:24:22 PM
Mahmoud Mohieldin, the UN climate change high-level champion for Egypt, has urged reforms in the global finance architecture supported by a swift change in the policies of multilateral development banks (MDBs).
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Egypt
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Foreign Affairs
9/19/2023 10:52:45 AM
Egyptian Minister of Foreign Affairs Sameh Shoukry called for urgent steps to enhance the capabilities of multilateral development banks to provide necessary development financing for developing countries.
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Business
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Economy
8/27/2023 12:46:30 PM
Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy.
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Business
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Markets & Companies
8/17/2023 7:23:23 PM
Misr Digital Innovation Company, a subsidiary of Egypt's Banque Misr, announced submitting the first application to obtain a licence to operate a digital bank in the country, according to a statement on Thursday.
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Business
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Economy
8/17/2023 5:48:23 PM
The Egyptian state-owned company E-Finance For Digital and Financial Investments is studying launching a digital bank, the company's chairman Ibrahim Sarhan announced in a bourse statement on Tuesday.
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Business
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Markets & Companies
8/14/2023 1:41:47 AM
Fawry, Egypt's leading e-payment solutions provider, announced a plan to turn its online payment portal myFawry into a digital bank in 2023, according to a bourse statement on Sunday.
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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
8/3/2023 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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World
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Region
8/1/2023 5:44:38 PM
Iran on Tuesday declared a two-day holiday for government workers and banks nationwide as searing temperatures sweep across the country, state media reported.
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Business
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Economy
8/1/2023 5:14:55 PM
From 1-15 August, customers will be able to open fee-free accounts at Egyptian banks with no minimum deposit required, in light of the Central Bank of Egypt’s (CBE) celebration of International Youth Day on 12 August.
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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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World
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Region
7/27/2023 11:37:10 AM
Dozens of people protested in front of the Central Bank of Iraq in Baghdad and bank owners called for official action to stem a sharp increase in the dollar exchange rate Wednesday, after the United States blacklisted 14 Iraqi banks.
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Business
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Markets & Companies
7/26/2023 5:13:00 PM
The giant Egyptian e-payment solutions provider Fawry said it is in talks with Saudi Payments, a subsidiary of the Saudi Central Bank, to secure licenses and certifications necessary for expansion in the Saudi market.
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Business
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Economy
7/16/2023 12:01:39 PM
The Central Bank of Egypt (CBE) announced on Sunday a four-day holiday to celebrate the Islamic (Hijri) New Year and the anniversary of the 23 July Revolution.
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Al-Ahram Weekly
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Opinion
7/15/2023 5:39:00 PM
Central banks worldwide use all kinds of policies to boost their currencies, with the Central Bank of Egypt being no exception.
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Business
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Economy
7/13/2023 3:28:15 PM
Foreign currency deposits at Egyptian banks have reached around $50 billion and they are safe, said the Federation of Egyptian Banks (FEB) in a statement on Wednesday.
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