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" lending"

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Business - Economy
6/12/2024 9:53:54 PM
The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March.

Business - Economy
4/22/2024 12:14:04 PM
Markets in Asia apart from Shanghai's were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020.

Business - Economy
3/20/2024 9:16:05 PM
The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year.

Business - Economy
2/21/2024 3:36:54 PM
Egypt's national project to provide employment opportunities for youth, Mashrouak (meaning "your project”), achieved its highest lending rate since its launch in 2015, reaching EGP 200 million across 852 projects in January 2024.

Business - Economy
9/21/2023 2:55:06 PM
Turkey's central bank on Thursday raised its key lending rate to a 20-year high following a sudden turn towards conventional economics by President Recep Tayyip Erdogan.

Business - Economy
7/26/2023 9:17:41 PM
The US Federal Reserve raised its benchmark lending rate on Wednesday to its highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead.

Business - Economy
7/26/2023 1:34:22 PM
The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months.

Business - Markets & Companies
6/21/2023 1:38:03 PM
GB Corp, the leading automotive company that ownsGB Auto and the non-bank financial services company “GB Capital”, announced the launch of 'Kredit,' a new SME lending company, according to a statement released on Wednesday.

Business - Economy
6/13/2023 6:34:45 PM
The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes.

Business - Economy
5/27/2023 5:00:56 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah urged on Friday the African Development Bank (AfDB) to increase its lending to member states on concessional terms.

Business - Economy
5/18/2023 10:06:00 PM
In line with widespread expectations, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday to keep the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 18.25 percent, 19.25 percent, and 18.75 percent, respectively.

Business - Economy
5/3/2023 10:56:00 PM
The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time Wednesday in a move that could be the last in the current cycle if the economy cools.

Business - Markets & Companies
5/2/2023 5:40:55 PM
European and US stock markets slid while the dollar mostly firmed Tuesday as focus turned to the US Federal Reserve which kicked off a two-day meeting Tuesday morning to decide whether to raise its benchmark lending rate for a 10th, and possibly final, time to tackle rising prices.

Al-Ahram Weekly - Opinion
4/4/2023 10:32:32 PM
In a widely anticipated move to ease spiralling inflation and support the depreciating currency, the Central Bank of Egypt (CBE) hiked interest rates by two per cent last week. Now the bank’s overnight deposit rate stands at 18.25 per cent and the lending rate at 19.25 per cent.

World - Region
1/12/2023 4:05:08 PM
Former Israeli top legal officials spoke out Thursday against sweeping reforms to the country's justice system planned by the new conservative government, lending their voices to a growing outcry against the proposed overhaul.

World - International
1/10/2023 5:31:26 PM
The US Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies.

Business - Economy
10/27/2022 1:41:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has raised the key interest rates in an unscheduled meeting by two percent (200 bps) to reach 13.25 percent, 14.25 percent, 13.75 percent, and 13.57 percent for the overnight deposit rate, the overnight lending rate, the rate of the main operation, and the discount rate, respectively.

Business - Economy
9/26/2022 9:48:16 PM
The governor of the South African Reserve Bank recently announced an increase in the lending rate by 75 basis points. This means the repo rate (the rate at which the central bank lends money to commercial banks) will increase from 5.5% to 6.25% and the prime rate (the rate commercial banks charge their clients when lending them money) rises from 9.0% to 9.75%.

Business - Markets & Companies
5/12/2022 2:31:19 PM
Over the past five years, Egypt has witnessed a boom in the fintech sector, with venture capital investments rising to $159 million with 32 deals concluded in 2021, up from only $1 million raised in 2017 from three fintech deals, according to the Central Bank of Egypt’s (CBE) recent fintech report.

Business - Tech
3/29/2022 9:58:42 AM
Telecom Egypt (TE) and the European Investment Bank (EIB) — the lending arm of the European Union (EU) — inked an agreement on Sunday to secure a medium-term loan of €150 million to expand TE's 4G broadband network.

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