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The Latest Breaking News on Financial Services

World Bank Approves $500 Mln to Expand Social Security in Egypt

The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection program in the face of global economic pressures filtering through to the country's economy, the international cooperation minister said on Friday. The funds will support the government's Takaful…

Asharq Al-Awsat

World Bank approves $500 million to expand social security in Egypt - ministry

The World Bank's executive board has approved $500 million in development financing for Egypt to expand its social safety net and protection programme in the face of global economic pressures filtering through to the country's economy, the international cooperation minister said on Friday.

Reuters

Arab League Says Ready to Facilitate Dialogue between Lebanese Rivals

Arab League Secretary General Ahmed Aboul Gheit stressed on Thursday that kicking off economic revival in Lebanon hinges on resolving the political deadlock in the country. The Arab League is prepared to facilitate dialogue between the Lebanese parties to that end, he told an economic forum in Beirut. The lack…

Asharq Al-Awsat

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Ukraine's parallel war on corruption to unlock door to West

To an outsider, it may seem an unlikely time for Ukraine to double down on the battle against corruption, as missiles rain down on cities and citizens fight for their lives.

Reuters

Lenders demand access to utility bill data

The Thai Bankers' Association (TBA) plans to continue its push for the incorporation of data from utility bills into the National Credit Bureau (NCB) database as an alternative source for banks to consult when extending loans to the underbanked segment.

Bangkok Post

GSB unit unveils loan based on land pledge

Mee Tee Mee Ngern, a Government Savings Bank (GSB) subsidiary, aims to extend land collateral loans worth 10 billion baht next year, says chief executive Isara Wongrung.

Bangkok Post

HSBC: You can get £200 free cash paid into your account but just hours are left to claim

HSBC bank is currently offering those who switch to its Advance Account £200 in free money as a sign-up bonus - but the offer finishes at 11.59pm tonight

Daily Mirror

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North East businesses signal pre-Christmas confidence boost

A new survey shows the region is only second to the North West in terms of optimism

Birmingham Post

Launch of digital rupee a historic milestone, says RBI executive director

NEW DELHI: Terming the launch of digital rupee a historic milestone, RBI executive director Ajay Kumar Choudhary on Thursday said the currency would bring in a lot of operational efficiency in the system and will foster financial inclusion.

The Times of India

London banker bonuses set to plunge amid stock market downturn

Average bank compensation could fall as much as 50% this year according to new estimates

Evening Standard

Taxonomy and clear definitions needed to prevent 'greenwashing': RBI deputy governor Rajeshwar Rao

MUMBAI: Reserve Bank deputy governor M Rajeshwar Rao on Thursday called for a taxonomy on green finance to avoid the risk of "greenwashing".

The Times of India

First round of bidding process for the Commanders closes this week

The first round of bids for a potential sale of the Commanders closes this week.

USA Today Sports Media Group

El Salvador to receive $150 million from development bank for education

(This Dec. 21 story has been refiled to fix incorrect company ticker symbol)

Reuters

Money laundering gang who hacked football club owner's account locked up

Former lawyers Iain Robertson, 69, David Lyons, 71, and Alistair Blackwood, 68, along with Mohammed Aziz, 61, and Robert Ferguson, 67, were convicted following a trial at the High Court in Glasgow.

Daily Record

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The Times of India

MUMBAI: Reserve Bank deputy governor T Rabi Sankar on Wednesday pitched for similar regulation for both banks and non-bank entities like fintechs if they are undertaking the same activity.

The Times of India

Reliance Capital auction: Torrent Group highest bidder at Rs 8,600 crore

NEW DELHI: Torrent Group on Wednesday emerged as the highest bidder for debt-ridden Reliance Capital in the auction conducted as part of its resolution process.

Evening Standard

King Charles banknotes: when will the new notes enter circulation?

King Charles and Queen Elizabeth II are the only two monarchs who have appeared on UK banknotes

Daily Record

Urgent Christmas scam warning issued to shoppers buying last-minute gifts online this week

Bank of Scotland shares six top tips to make sure your money stays safe over the festive season.

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Daily Record

Earn free £200 at start of next year by switching your bank account before today

HSBC UK’s bumper boost for new customers ends on Thursday, December 22.

Birmingham Post

Leading UK fund manager furthers Pensana investment ahead of Saltend big build

£3.2m equity buy-in comes 12 months after initial 5 per cent stake taken by M&G Investment Management

Birmingham Post

Development Bank of Wales eyeing new British Business Bank funds

Chief executive Giles Thorley said funding to support decarbonisation of the Welsh economy is a key focus

Manchester Evening News

Former bank could be converted into bedsits under plans that also include a cinema room and gym

Despite more than doubling the number of rooms approved for an earlier scheme, the applicant claims the scheme would comply with council size standards

Liverpool Echo

Martin Lewis issues 'last chance' warning to get free £200 cash

The money could really help people out amid the cost of living crisis

Asharq Al-Awsat

Islamic Countries Adopt Makkah Agreement for Cooperation in Combating Corruption

Anti-corruption agencies of Organization of Islamic Cooperation (OIC) member states have adopted the Makkah Agreement aimed at strengthening cooperation and preventing corruption crimes. The law enforcement agencies have attended their first ministerial meeting, in Jeddah.

Insider UK

Business confidence falls in Scotland - but latest Bank of Scotland barometer shows firms remain resilient

'After a turbulent few months many companies are now looking at shoring up their investment plans for the year ahead'

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