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Sports
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World
10/13/2023 10:02:55 AM
Julian Nagelsmann, the youngest Germany coach for almost a century, has turned to veterans as he hopes to rebuild the fallen giants nine months out from hosting Euro 2024.
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Business
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Economy
10/11/2023 10:39:50 PM
Major credit rating agency Moody’s downgraded the ratings of five key Egyptian state-owned and private banks to CAA1 and B3.
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Business
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Economy
10/9/2023 8:44:14 PM
Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per instructions from the Central Bank of Egypt (CBE) to reduce pressure on foreign currency reserves, an informed source told Ahram Online.
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Business
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Economy
10/8/2023 8:39:57 PM
Some Egyptian banks have set new limits for using their cards abroad to curb abusive practices that drain the country’s foreign currency reserves.
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Business
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Economy
10/3/2023 5:35:51 PM
HSBC Egypt has decreased the limit on monthly cash withdrawals made abroad from $1500 to $1000 or its equivalent in other currencies.
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Business
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Economy
10/2/2023 3:24:17 PM
Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a protocol with QNB Al Ahli, the Egyptian arm of the Qatari QNB Group, to offer EGP 2 billion in financing for low- and middle-income citizens.
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Business
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Economy
10/2/2023 3:11:12 PM
The Central Bank of Egypt (CBE) announced on Monday that Thursday 5 October will be an official holiday for banks to celebrate the anniversary of the Sixth of October 1973 War.
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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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