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, …
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 …
Global debt is approaching record levels amid dire warnings Read More »
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 …
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 …
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 …
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 …
This company is close to getting FDA approval for its brain chip Read More »
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 …
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 …
This bank distributes hundreds of millions of dollars to its customers! Read More »
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 …
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 …