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The Latest Breaking News from Banque Misr

The U.S. Is Seeking To Cut Iran Off From The Global Financial System. It Is Targeting A Turkish Bank To Do So.

The sanctions are part of Operation Economic Outcast, a broader campaign targeting the financial networks Tehran uses as its war with the U.S. continues.

International Business Times

War weighs on Iran's economy as US intensifies sanctions

Iranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign trade has shrunk by one-third due to sanctions and blockades. Supreme Leader Khamenei urged addressing inflation and job creation challenges. Iran signals no retreat, pursuing diplomacy and maintaining control over the…

The Economic Times

Fitch: Egyptian Banks’ Capital Ratios Can Withstand Further EGP Depreciation

Fitch Ratings lauded the agreement between the Egyptian government and the International Monetary Fund (IMF) in which Egypt secures a $3 billion loan over 46 months. Fitch Ratings added also said that Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported by healthy internal…

Asharq Al-Awsat

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Egypt, Somalia Condemn Ethiopia's Approach Over Nile Dam Dispute

Egypt and Somalia have rejected unilateral actions by Ethiopia involving international river projects, a statement from the Egyptian presidency has said. This came as Egypt’s President Abdel Fattah al-Sisi held talks with Somalia President Sheikh Mohamud. The two leaders held a joint press conference on Monday. In remarks about the…

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Ayatollah Ali Khamenei

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