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World
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Region
7/3/2022 7:36:04 PM
Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn't enough fuel for teachers and parents to get children to classrooms, and the energy minister appealed to the country's expatriates to send money home through banks to finance new oil purchases.
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Business
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Energy
7/1/2022 3:05:32 PM
The rust-colored tower rising from an industrial site near the banks of Berlin's Spree river looks nothing like the sleek flasks Germans use for coffee, yet its purpose is similar: to provide some warmth throughout the day, especially when it's cold outside.
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World
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International
6/24/2022 7:07:34 PM
Cash-strapped Sri Lanka's president Friday appointed the island's biggest casino operator Dhammika Perera as Investment minister with responsibility for a Chinese-funded tax-free enclave in the impoverished South Asian nation.
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Business
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Markets & Companies
6/23/2022 11:48:40 AM
Asian markets mostly rose Thursday on bargain buying after the previous day's battering, though oil extended losses after US Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation.
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Business
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Markets & Companies
6/20/2022 11:46:48 AM
Markets were mixed Monday having pared earlier losses but sentiment continues to be clouded by fears that central bank moves to rein in soaring inflation will induce a recession.
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War in Ukraine
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Economy
6/9/2022 1:27:17 PM
The European Central Bank is expected Thursday to end a key economic stimulus program and map out its plan to raise interest rates for the first time in more than a decade as it seeks to join the U.S. Federal Reserve and other central banks in tackling high inflation. But it's a delicate balance to not further slow economic growth.
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War in Ukraine
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Economy
5/31/2022 9:27:52 PM
Canada on Tuesday added President Vladimir Putin's reputed girlfriend, 21 Russian officials and four financial institutions to its growing sanctions list over Moscow's war in Ukraine.
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War in Ukraine
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Economy
5/18/2022 4:36:41 PM
The US, several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a worldwide food security crisis exacerbated by Russia's war in Ukraine.
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Al-Ahram Weekly
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Economy
5/10/2022 10:32:27 PM
Egypt’s financial inclusion rate increased by 115 per cent since 2016, writes Mai Ghandour
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War in Ukraine
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Economy
5/8/2022 1:25:21 PM
European diplomats were locked in difficult negotiations on the terms of the EU's sixth round of sanctions against Russia on Sunday, with several members seeking guarantees for their oil supplies.
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Egypt
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Courts & Law
4/13/2022 1:11:27 PM
Swiss prosecutors are concluding without any charges a decade-long investigation into alleged money laundering and organized crime linked to late former President Hosni Mubarak's circles in Egypt, and will release some 400 million Swiss francs ($430 million) frozen in Swiss banks.
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Egypt
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Society
4/10/2022 8:53:17 PM
Egypt’s Prime Minister Mostafa Madbouly approved Egyptian citizenship to 17 foreigners for bank deposits in Egyptian banks in accordance with the latest amendments passed in 2019 to laws that govern citizenship and residency regulations for foreigners.
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War in Ukraine
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Economy
4/6/2022 6:51:00 PM
The United States on Wednesday announced sanctions targeting Russian President Vladimir Putin's two adult daughters and said it was toughening penalties against Russian banks in retaliation for ``war crimes'' in Ukraine.
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War in Ukraine
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Economy
4/5/2022 3:59:10 PM
The United States starting Tuesday will bar Russia from making debt payments using funds held at American banks, ramping up the economic pain on Moscow over its invasion of Ukraine, the US Treasury said.
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Business
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Economy
3/22/2022 2:45:35 PM
Proceeds from certificates of deposit offered by state-owned banks on Monday – the National Bank of Egypt (NBE) and Banque Misr – reached EGP 13 billion in the first day of offering, the two banks announced on Tuesday.
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Business
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Economy
3/21/2022 10:19:12 PM
The Egyptian pound has plunged to its lowest value in nearly five years against the US dollar, trading at EGP 18.1 for buying and EGP 18.2 for selling by closing time at banks on Monday, down from EGP 15.6 and EGP 15.7 respectively the night before, according to the Central Bank of Egypt (CBE).
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Business
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Tech
3/20/2022 1:23:23 PM
Egypt’s largest national banks — Banque Misr, National Bank of Egypt (NBE), and Banque du Caire — as well as Global Ventures launched on Sunday ‘Nclude’, a new fintech support fund.
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Life & Style
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Style
3/19/2022 9:37:33 PM
The highly anticipated Ahl Masr Walkway (“Mamsha Ahl Masr”) on the majestic banks of the Nile opened to the public on Friday after months of preparation.
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War in Ukraine
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Economy
3/17/2022 12:34:07 PM
The Bank of England on Thursday is likely to raise its key interest rate for the third time since December as it pushes ahead faster than other central banks in combating a global wave of inflation fueled by soaring energy prices.
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Business
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Tech
3/6/2022 5:54:25 PM
The number of e-wallets grew in the Egyptian market over the past three years to record 26 million, up from nine million in previous years, with 23 banks introducing related services, Sub-Governor of the Central Bank of Egypt (CBE) Ihab Nasr stated on Sunday.
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