State unemployment offices in Michigan will be closed on December 24 and 25 due to the Christmas holiday, but individuals seeking unemployment assistance can still access essential services […]
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Yahya Abu El-Fetouh: Rate Cuts Vital for Economic Growth and Business Expansion
The construction sector’s advancement has significantly strengthened Egyptian companies, enabling them to pursue international expansion opportunities. n nDemand for foreign exchange services has surged recently, reflecting growing public […]
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Bank Al-Maghrib Holds Key Interest Rate at 2.25% Amid Economic Caution
Bank Al-Maghrib has decided to maintain its main interest rate at 2.25%, reflecting a cautious approach amid ongoing economic uncertainties. The move underscores the central bank’s commitment to […]
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Donald Kohn testifies on the role of interest payments on bank reserves
Donald Kohn delivered testimony before the Senate Committee on Homeland Security and Governmental Affairs on December 11, 2025, addressing the Federal Reserve’s practice of paying interest on bank […]
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Abu Dhabi Launches New Financial Technology Hub with $15 Billion Economic Impact
Sheikh Khaled bin Mohammed bin Zayed Al Nahyan has approved the launch of a new financial technology, insurance, digital assets, and alternative assets hub in Abu Dhabi, aimed […]
Banks
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Strong Loan Growth Expected in Major Egyptian Banks Amid Economic Recovery and High Liquidity
A recent report by EFG Hermes Investment Bank forecasts accelerated credit expansion in Egypt’s major banks over the coming year, driven by robust liquidity levels and ongoing economic […]
Banks
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Inside the Atlanta Fed’s Role in Shaping the Future of U.S. Payments
December 4, 2025 n nClaire Greene, a director at the Federal Reserve Bank of Atlanta’s Payments Forum, has been instrumental in analyzing and guiding the evolution of the […]
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Saudi Central Bank Governor Highlights Economic Stability Amid 2026 Budget Approval
Riyadh – Mubasher: Saudi Central Bank (SAMA) Governor Ayman Al-Sayyar affirmed that the Kingdom’s monetary conditions remain stable, thanks to prudent monetary policies implemented by the central bank. […]
Banks
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Attijariwafa Bank Egypt Participates in First Egypt-Africa Economic Conference
Attijariwafa Bank Egypt took part in the inaugural Egypt-Africa Economic Conference, organized by Al-Ahram Ibdou, where Managing Director and CEO Maaweya El-Saqqali participated in a panel discussion on […]
Banks
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Mohamed El-Etreby Emphasizes Strengthening Financial Sector to Boost Economic Growth
Mohamed El-Etreby, Chairman of the Union of Arab Banks and CEO of Egypt’s National Bank, emphasized the need for a comprehensive forward-looking strategy to support development and overcome […]