|
Egypt
-
Defence
3/22/2023 10:05:21 PM
During a tour of the Police Academy on Wednesday, Egypt's President Abdel-Fattah El-Sisi attributed the country's resilience during difficult times to God and the sacrifices made by young officers in the army and police.
|
|
World
-
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.
|
|
Business
-
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.
|
|
Business
-
Markets & Companies
3/20/2023 10:20:20 AM
Credit Suisse's largest shareholder Saudi National Bank on Monday said there was "no impact" on its growth plans or profitability after the troubled lender's buyout by UBS.
|
|
Business
-
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.
|
|
Business
-
Economy
3/18/2023 1:41:16 PM
Troubled Credit Suisse has two days to reassure before the markets open Monday with the specter of a new turbulent week in global finance looming.
|
|
Business
-
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.
|
|
Business
-
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.
|
|
Business
-
Markets & Companies
3/15/2023 11:03:15 PM
Shares of US lenders endured another walloping Wednesday on worries of more bank failures, although the Nasdaq eked out a gain following assurances from the Swiss central bank about Credit Suisse.
|
|
Al-Ahram Weekly
-
Egypt
2/17/2023 5:54:00 PM
Strategies had been adopted to reduce inflationary pressure.
|
|
Business
-
Economy
2/8/2023 3:15:30 PM
For the first time since May 2022, Moody’s has downgraded Egypt’s credit rating, Egypt's long-term foreign- and local-currency issuer ratings, from B2 to B3, changing the outlook from negative to stable, Moody’s Investors Service said on Tuesday.
|
|
Sports
-
Omni sports
1/23/2023 10:26:53 AM
Aryna Sabalenka said she was reaping the benefits of a more positive mindset after crushing Belinda Bencic to reach her first Australian Open quarter-final on Monday.
|
|
World
-
Region
1/18/2023 5:40:38 PM
Lebanon's caretaker government Wednesday approved opening credit lines totaling $116 million to help fix its crippled state electricity grid.
|
|
Books
-
Reviews
1/15/2023 12:01:03 PM
A recent book on the last leader of Al-Wafd prior to the 1952 Free Officers Revolution gives credit to the middle class in supporting the call for independence as embraced by Moustafa Al-Nahhas.
|
|
Al-Ahram Weekly
-
Economy
1/3/2023 9:23:03 PM
Commodities stranded at Egypt’s ports are being released onto the market following a Central Bank of Egypt decision on letters of credit, reports Safeya Mounir
|
|
Egypt
-
Society
1/2/2023 10:58:00 PM
In London, Egyptian post-graduate student Abdullah Hassan – not his real name – was making the final plans to replace his dying laptop with a new one to benefit from the sale offers at the holiday season. Hassan’s plans were dashed when, on 22 December, he received a message from the Central Bank of Egypt (CBE) announcing limits on overseas cash withdrawals in foreign currency.
|
|
Business
-
Economy
12/29/2022 10:00:00 PM
The Central Bank of Egypt (CBE) annonced in a statement on Thursday that it has ended the use of the system requiring importers to obtain letters of credit (LCs) for their purchases and returned to the cash-against-documents system for importing goods.
|
|
Business
-
Economy
12/22/2022 10:46:04 PM
The Central Bank of Egypt (CBE) has set new measures meant to ban the fraudulent and abusive use of credit and debit cards outside the country.
|
|
Business
-
Economy
12/20/2022 6:08:36 PM
The IMF will be looking for "a shift by Egypt to a flexible exchange rate" once the letter of credit system for financing imports is phased out by the end of December, Vladkova Hollar, the IMF mission chief for Egypt, said in an interview with Reuters on Monday.
|
|
Business
-
Economy
12/15/2022 5:00:00 PM
The Central Bank of Egypt (CBE) extended on Thursday for one year - from 31 December 2022 to the end of December 2023 - the deadline for banks that have not yet increased their credit facilities portfolio to companies and micro, small and medium-sized enterprises (SMEs) to 25 percent.
|