At the AIIB’s annual meeting in Beijing, China urged its multilateral bank to fill the growing global development financing gap. With Western aid and investments plummeting, Finance Minister […]
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South Africa Secures $1.5 Billion for Infrastructure Revamp
South Africa has secured a $1.5 billion loan from the World Bank to modernize its transport and energy infrastructure. The funds aim to alleviate chronic bottlenecks at ports […]
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Amazon Faces Employee Layoff Concerns Amid Resignation Deadline
Amazon is reportedly facing concerns over potential mass layoffs as employees are given a 30-day deadline to resign within 60 days. This situation has sparked fears among the […]
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Arab Banking Summit Kicks Off in Paris
The international Arab banking summit organized by the Union of Arab Banks has launched in Paris. This event brings together key financial institutions and experts to discuss the […]
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Syria Completes First Electronic Bank Transfer with Western Bank in 14 Years
Syria has taken a notable step toward reconnecting with the global financial system by completing its first electronic bank transfer with a Western institution in 14 years. The […]
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Arab Banking Summit “Economic Resilience” in Paris .. Tomorrow
The Arab Banking Summit, themed “Economic Resilience,” is set to take place in Paris tomorrow. This event will gather key figures from the banking and financial sectors to […]
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Egyptian Central Bank Governor Receives ‘Governor of the Year’ Award at Paris Banking Summit
Hassan Abdullah, the Governor of Egypt’s Central Bank, was awarded the ‘Governor of the Year’ accolade for 2025 during the Arab Banking Summit in Paris. The summit, held […]
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Swiss National Bank highlights economic uncertainty, backs Swiss capital measures
The Swiss National Bank (SNB) has emphasized ongoing economic uncertainty in its 2025 Financial Stability Report, pointing to several risk factors that could worsen the impact of potential […]
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US Federal Reserve keeps interest rates steady at 4.5% amid growing economic uncertainty
The US Federal Reserve maintained interest rates as expected on Wednesday for the fourth consecutive time, amid rising uncertainty about the economic outlook. The target interest rate range […]
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German Bank Exits US Market Citing Economic and Political Instability
Pfandbrief Bank, a German bank specializing in real estate financing, announced its complete withdrawal from the US market due to economic and political instability. The bank plans to […]