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War in Ukraine
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Economy
3/2/2022 5:10:21 PM
The European Union on Wednesday cut seven Russian banks from the SWIFT payment system and banned Kremlin-controlled media outlets RT and Sputnik from broadcasting into the bloc.
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War in Ukraine
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Economy
3/2/2022 3:09:10 PM
The EU on Wednesday excluded seven Russian banks from the global SWIFT network, as sanctions were ratcheted up over Moscow's war on Ukraine.
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Business
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Economy
2/24/2022 5:04:00 PM
Egypt’s banks extended finances worth EGP 253 billion to about 8,800 beneficiaries in the industrial, agricultural and construction sectors by the end of December 2021, according to the Central Bank of Egypt’s (CBE) data published by MENA.
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Al-Ahram Weekly
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Economy
2/22/2022 9:41:04 PM
Egypt’s new Mazut Hydrocracking Complex in Assiut has secured $1.5 billion in loans from local and international banks, writes Sherine Abdel-Razek
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World
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Region
2/20/2022 2:45:38 PM
Once the economy's crown jewel, Lebanon's banks are shutting branches and laying off employees in droves, resizing to the bleak reality of a crisis they are widely blamed for.
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Business
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Economy
2/16/2022 4:46:07 PM
Egypt secured $20 billion in development finances from international financial institutions and development banks in 2020 and 2021, Minister of International Cooperation Rania Al-Mashat said on Wednesday.
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World
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International
2/16/2022 1:31:59 PM
The Kremlin on Wednesday denied responsibility for a cyberattack on Ukraine a day earlier that hit websites at the country's defence ministry and armed forces as well as two state banks.
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World
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International
2/15/2022 9:26:08 PM
A series of cyberattacks on Tuesday knocked the websites of Ukrainian government offices and major banks offline, Ukrainian authorities said, attacks that came amid strong tensions between Russia and the West over Ukraine.
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Al-Ahram Weekly
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Opinion
2/14/2022 4:05:00 PM
There is now no longer any doubt that the recent wave of inflation worldwide is here to stay, putting additional pressures on the world’s central banks, writes Mahmoud Mohieldin
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Egypt
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Politics
1/24/2022 12:00:00 AM
Egypt’s Parliament – the House of Representatives – approved on Sunday a draft law aiming to allow the Arab Union Company for Land Transport ‘Super Jet’ to obtain an EGP 800 million loan from a number of Egyptian banks under guarantees provided by Minister of Finance Mohamed Maait.
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World
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International
1/22/2022 7:00:17 PM
Food banks across the country are experiencing a critical shortage of volunteers as the omicron variant frightens people away from their usual shifts, and companies and schools that regularly supply large groups of volunteers are canceling their participation over virus fears.
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Business
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Economy
1/13/2022 9:00:23 PM
Egyptian banks’ Viability Ratings (VRs) could come under pressure if the banks’ foreign assets continue to drop, Fitch Ratings said in its insights published on Thursday.
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Business
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Economy
1/11/2022 7:10:01 PM
Banks operating in the Egyptian markets have the highest rates of liquidity in the region a bank official said on Tuesday, only 24 hours after the Central Bank of Egypt approved granting emergency liquidity for local banks.
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Business
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Economy
1/11/2022 2:45:49 PM
The total Islamic bonds (sukuk) issued in 2021 worldwide grew significantly by 36.1 percent Y-o-Y to reach $252.3 billion, with central banks, governments, and multilateral institutions dominating sukuk issuances, Fitch Ratings said on Tuesday.
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Business
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Economy
1/10/2022 10:31:00 PM
The Central Bank of Egypt (CBE) said on Monday it has approved conditions that would allow it to grant emergency liquidity to local banks.
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Al-Ahram Weekly
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Egypt
11/30/2021 11:15:56 PM
Gamal Essam El-Din reports on the likely consequences of banning donation boxes in mosques
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Al-Ahram Weekly
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Economy
11/21/2021 11:23:00 AM
Financial remittances from abroad can enhance economic growth and promote development in the Arab world, Secretary-General of the Union of Arab Banks Wissam Fattouh tells Al-Ahram Weekly.
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Business
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Economy
11/15/2021 5:25:22 PM
The Central Bank of Egypt (CBE) approved on Sunday new amendments to the rules on the formation of banks’ board of directors.
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World
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International
11/14/2021 3:26:06 PM
It's a hidden crisis that has existed for years inside one of the most well-funded institutions on the planet and has only worsened during the coronavirus pandemic. As many of 160,000 active-duty military members are having trouble feeding their families.
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Business
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Tech
11/7/2021 2:14:02 PM
Cash-strapped Egyptians fearful of banks have long relied on a "gameya" to access money in time of need, but now tech startups are cashing in on the age-old money-pooling association.
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