Economy

The “debt ceiling” is the least of them… catastrophic risks facing stocks and the US economy!

Market fears about the possibility of a historic US default on its debts loom on the horizon, but it seems to be the least risk of what the market is discussing about the consequences of reaching a deal regarding the debt ceiling crisis. Many on Wall Street predict that lawmakers will eventually reach a deal, …

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Global debt is approaching record levels amid dire warnings

The global debt accumulation grew by $8.3 trillion in the first quarter of 2023, to a record high near $305 trillion, as the global economy faced an “adjustment crisis” with rapid monetary policy tightening by central banks, according to a recent report from the Institute of International Finance. IIF”. The Financial Industry Authority said the …

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“PWC” for Arabic: Government spending supports the Gulf region’s leadership in economic recovery

The Chairman of the Board of Directors of “PWC” Middle East, Riyadh Al-Najjar, said that expectations of a slowdown in the growth rate in the Gulf Cooperation Council countries to 3.2% in 2023 are good compared to the decline in the global growth rate, which reached 2.8%. Al-Najjar added, “The expected growth rate in the …

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The declining performance of commercial real estate threatens the financial stability of the United States

In the midst of the dilemma of raising the US debt ceiling and waving from time to time the possibility of America defaulting on its debts, only 8% of fund managers and investors believe that this crisis may generate a systemic risk crisis.This is in the latest survey conducted by Bank of America. On the …

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Hany Tawfik: The Egyptian state must withdraw from projects in favor of the private sector

Hany Tawfik, former head of the Egyptian Direct Investment Association, said that the 22 new decisions to improve the investment environment in Egypt represent a revolution and an urgent necessity that has been long overdue to improve Egypt’s economic situation. Tawfik explained, in an interview with Al-Arabiya, that new legislation must be passed to increase …

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This company is close to getting FDA approval for its brain chip

Paradromics is one step closer to obtaining US Food and Drug Administration approval for commercial approval of its brain chip, which will treat paralyzed patients and restore their ability to communicate. It comes after its fast-growing team of nearly 50 scientists and engineers at the neurotech startup caught the attention of federal regulators. Paradomix, founded …

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The Governor of the Banque du Liban to Al Arabiya.net: I will step down if any ruling is issued against me

defending himself and attacking politicians; This is how the Governor of the Banque du Liban, Riad Salameh, appeared in exclusive statements to Al Arabiya.net, after a French judge issued an international arrest warrant against him. “I am cooperating with the Lebanese and foreign courts, and I will step down if any verdict is issued against …

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This bank distributes hundreds of millions of dollars to its customers!

One of the largest and most famous banks in Britain intends to distribute more than 340 million pounds sterling ($ 429 million) to its current account holders, after it recorded a significant jump in its annual profits, taking advantage of successive rises in interest rates, which increased the costs imposed on borrowers. Nationwide Bank, one …

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Violent weekly losses in the Egyptian Stock Exchange.. What is the relationship of the dollar?

Violent sales raised the weekly losses of the Egyptian Stock Exchange to about 44 billion pounds, with a collective decline in all indicators, amid continued pressure on the Egyptian currency against the US dollar, and anticipation of a new decrease in the price of the pound against the dollar. According to the weekly report of …

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Al-Marwa Mediation for Arabic: We expect the interest rate to be fixed in Egypt at the next central meeting

Mina Rafiq, director of research at Al-Marwa Securities Brokerage Company, expected, in an interview with Al-Arabiya, that the Monetary Policy Committee of the Central Bank of Egypt would fix interest rates at the upcoming meeting this week. Rafik said that the decision to fix interest will contribute to supporting the private sector by providing financing …

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