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Money
Egypt’s c.bank reiterates cryptocurrency trade ban after CoinMENA unveils expansion
CoinMENA has announced on Wednesday that it added citizens of Egypt from its base in Bahrain, while sources from…
China banks could face $350bln losses from property crisis
China’s banks face mortgage losses of $350 billion due to lack of confidence in the nation’s property market and…
Egypt’s Misr Insurance Holding eyes 31% growth in FY2022/23 net profit
Egypt’s state-owned Misr Insurance Holding (MIHC) is targeting a net profit of 5.8 billion Egyptian pounds ($306.2…
China’s CSCEC starts construction phase of 5 skyscrapers in Egypt’s New Alamein
China State Construction Engineering Corporation (CSCEC) started on Sunday the construction phase of the main…
Remittances from expatriate Egyptians rose 2.1% in 11 months
Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May…
Egypt unveils unprecedented initiative to speed up climate investments
Egypt is launching an unprecedented initiative to catalyse investments in different climate sectors by holding five…
Swiss National Bank records H1 heavy losses
Swiss National Bank (SNB) has taken a hit of CHF95.2 billion ($100 billion) for the first half of this year, mainly…
S&P downgrades Ukraine’s credit rating from CCC+ to CC
The American rating agency Standard & Poor’s (S&P) has downgraded Ukraine's credit rating on Friday from…
Egypt’s net FDI surges 53% in first 9 months of 2021/22
Egypt’s net foreign direct investment (FDI) surged by 52.9 percent in the first nine months of the 2021-2022…
U.S. GDP cringes 0.9% in Q2 raising recession signal
U.S. economy shrunk for the second straight quarter from April to June, as the Gross Domestic Product (GDP) fell…