Business
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Economy
7/26/2023 12:27:46 PM
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said on Wednesday, crediting last year's surge in oil prices.
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World
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International
6/25/2023 10:08:55 PM
Greek ex-prime minister Kyriakos Mitsotakis, who clinched a landslide victory in Sunday's general election, is credited with returning his debt-ridden country to a path of growth.
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World
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International
6/22/2023 1:50:24 PM
Leaders at a global finance summit are close to sealing deals to restructure Zambia and Sri Lanka's debts with the agreement of major creditor China, France's economy minister said Thursday.
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World
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Africa
6/21/2023 8:50:37 PM
Zambian President Hakainde Hichilema on Wednesday expressed confidence his government will secure a debt restructuring plan at talks with official creditors in Paris this week.
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Business
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Economy
6/14/2023 10:34:42 PM
The Central Bank of Egypt (CBE) has extended credit regulatory facilities approved for Small and Medium Enterprises (SMEs) to the end of June 2024, according to a circular posted on Wednesday.
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World
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International
5/25/2023 10:52:33 PM
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
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Business
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Markets & Companies
5/25/2023 11:45:32 AM
Most Asian equities sank Thursday on fears of a US default as the struggle to hammer out a debt deal led Fitch to warn the country's gold-plated credit rating was at risk.
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Business
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Economy
5/23/2023 3:21:30 PM
The European Union and French Development Agency (AFD) are set to provide Egypt with a €60 million ($66 million) credit facility to build more silos for grain storage.
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Antiquities
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Ancient Egypt
5/19/2023 4:20:57 PM
Edfu, Kom Ombo, Philiae and Abu Simbel Temples in Aswan now require credit or bank cards for entry.
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World
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International
5/13/2023 11:16:17 AM
On Friday, Elon Musk announced that NBC Universal's Linda Yaccarino will serve as the new CEO of Twitter. Yaccarino is a longtime advertising executive credited with integrating and digitizing ad sales at NBCU. Her challenge now will be to woo back advertisers that have fled Twitter since Musk acquired it last year for $44 billion.
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Business
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Economy
5/6/2023 6:38:31 PM
Minister of Finance Mohamed Maait attributed Fitch Ratings' decision to downgrade Egypt's sovereign credit rating -- giving it a Negative Outlook --to the country's continuous struggle against the extreme external pressures resulting from complex global challenges.
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Business
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Economy
5/1/2023 6:00:55 PM
Standard & Poor (S&P) Global Ratings has revised its outlooks on the National Bank of Egypt (NBE), Banque Misr, and Commercial International Bank (CIB) to negative from stable.
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Business
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Energy
5/1/2023 3:15:14 PM
Mahmoud Mohieldin, UN climate change high level champion for Egypt, affirmed the importance of effectively using carbon credits as a key source for climate and development finance.
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Business
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Economy
4/25/2023 1:40:09 PM
In a sign fears about the global financial system have eased for now, major central banks are scaling back their offer of emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about wider troubles.
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Business
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Economy
4/5/2023 2:04:00 PM
UBS chiefs told shareholders on Wednesday that the Swiss bank's emergency takeover of beleaguered rival Credit Suisse was a "Herculean task" strewn with risks, but still the right decision.
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Business
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Markets & Companies
3/29/2023 12:04:39 PM
UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse.
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Business
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Economy
3/27/2023 12:56:56 PM
The chairman of Saudi National Bank, the main shareholder of troubled lender Credit Suisse which was bought out this month, has resigned, a statement said on Monday.
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Business
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Economy
3/24/2023 4:51:09 PM
Shares in Deutsche Bank fell sharply Friday, dragging down major European banks and leading German Chancellor Olaf Scholz to express confidence in the solidity of the country’s largest lender as fears about the global financial system sent fresh shudders through the markets.
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Egypt
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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.
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World
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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.
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