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2025-01-20
NuScale Power Corporation Announces Completion of Redemption of WarrantsThe Egyptian Islamic Finance Association (EIFA) reported that the volume of Islamic banking in the Egyptian market, including sukuk, surged to EGP 1.080trn in September 2024, reflecting a remarkable growth rate of 67.5% compared to September 2023. This substantial growth is attributed to the transformation of Al-Ahli United Bank into an Islamic bank following its acquisition by Kuwait Finance House. Islamic Banking Landscape in Egypt The Egyptian banking sector comprises 15 banks licensed by the Central Bank of Egypt (CBE) to offer Islamic products. Among these, four are fully Islamic banks: Abu Dhabi Islamic Bank, Faisal Islamic Bank, Al Baraka Bank, and Kuwait Finance House (formerly Al-Ahli United). Additionally, 11 conventional banks operate Islamic branches alongside their traditional banking services. The number of Islamic branches in the market reached 311 as of September 2024, marking an increase of 51 branches compared to the same period in 2023. This expansion was driven largely by the integration of the Kuwait Finance House branch network. These branches collectively serve around four million customers, supplemented by the operations of Nasser Social Bank. Market Leaders in Islamic Banking Abu Dhabi Islamic Bank – Egypt ranked first among Islamic banks in the Egyptian market, achieving a business volume of EGP 238bn and capturing a 24.5% share of total Islamic banking activity. Faisal Islamic Bank of Egypt followed in second place with a business volume of EGP 226bn, accounting for 23.2% of the market. The Islamic branches of Banque Misr secured third place, with a business volume of EGP 190bn and a 19% market share. Al Baraka Bank ranked fourth with EGP 125bn, holding a 12.9% share, while United Bank placed fifth with a business volume of EGP 17bn and a 2% market share. Deposits and Financing Growth EIFA highlighted a significant rise in Sharia-compliant deposits, which reached EGP 716bn by the end of September 2024. This represents 7.8% of the total deposits in the Egyptian banking sector and reflects an increase of EGP 285bn, achieving a growth rate of 66% compared to September 2023. Similarly, the volume of Islamic financing grew to EGP 719bn, equivalent to 6% of the total loans in the Egyptian banking market. This figure represents an increase of EGP 252bn, with a growth rate of 54.2%.mnl168 free

FLY WITH CONFIDENCECanadiens Turn Their Back on Cayden Primeau Again, Opening the Door for Jakub Dobes as a Call-Up Option

Mr Biden told African leaders the resource-rich continent of more than 1.4 billion people had been “left behind for much too long”. “But not anymore,” Mr Biden added. “Africa is the future.” Mr Biden used the third and final day of a visit to Angola – his long-awaited, first trip to sub-Saharan Africa as president – to travel to the coastal city of Lobito and tour an Atlantic port terminal that’s part of the Lobito Corridor railway redevelopment. Mr Biden described it as the largest US investment in a train project outside America. The US and allies are investing heavily in the project that will refurbish nearly 1,200 miles of train lines connecting to the mineral-rich areas of Congo and Zambia in central Africa. The corridor, which likely will take years to complete, gives the US better access to cobalt, copper and other critical minerals in Congo and Zambia that are used in batteries for electric vehicles, electronic devices and clean energy technologies that Mr Biden said would power the future. China is dominant in mining in Congo and Zambia. The US investment has strategic implications for US-China economic competition, which went up a notch this week as they traded blows over access to key materials and technologies. The African leaders who met with Mr Biden on Wednesday said the railway corridor offered their countries a much faster route for minerals and goods – and a convenient outlet to Western markets. “This is a project that is full of hope for our countries and our region,” said Congo President Felix Tshisekedi, whose country has more than 70% of the word’s cobalt. “This is not just a logistical project. It is a driving force for economic and social transformation for millions of our people.” The leaders said the corridor should spur private-sector investment and improve a myriad of related areas like roads, communication networks, agriculture and clean energy technologies. For the African countries, it could create a wave of new jobs for a burgeoning young population. Cargo that once took 45 days to get to the US – usually involving trucks via South Africa – would now take around 45 hours, Mr Biden said. He predicted the project could transform the region from a food importer to exporter. It’s “something that if done right will outlast all of us and keep delivering for our people for generations to come,” he said. The announcement of an additional $600 million took the U.S.’s investment in the Lobito Corridor to 4.0 billion dollars (£3.15 billion).Qatar tribune Tribune News Network Doha The first round of the Al Shaqab International Showjumping League – a qualifying event for the FEI Group Seven Championship Final for Juniors, Young Riders and Youth categories – will get underway at the state-of-the-art Longines Outdoor Arena of Al Shaqab on Friday and will see promising two days of thrilling action from promising riders. The International League is a key part of the Al Shaqab League’s 2024-25 season, with the second round scheduled from January 2-4, 2025. The Al Shaqab League also features National League events, culminating in the Final Championship slated for May 30-31, 2025. As part of Al Shaqab’s mission, the Al Shaqab League aims to establish a premier showjumping platform that empowers athletes of all backgrounds, particularly focusing on young riders under 25. It prepares them for elite competition while fostering confidence and sportsmanship. Al Shaqab’s vision is to nurture future champions who embody sportsmanship and excellence, further solidifying its position as a symbol of equestrian success and regional pride. The International League will feature multiple categories tailored to various age groups in showjumping. The local categories include Introductory Class 1 (Height 40cm); Introductory Class 2 (Height 60cm); Introductory Class 3 (Height 80cm); Small Tour (Height 110cm) and Amateurs (Height 105cm). The international categories are as follows: Future Champions – Ages 12 to 14 (Height 105 cm - 110 cm), qualifying for the FEI Group Seven Championship Final; Junior Champions – Ages 14 to 18 (Height 115 cm - 120 cm), qualifying for the FEI Group Seven Championship Final; Youth Champions – Ages 16 to 21 (Height 125 cm - 130 cm), qualifying for the FEI Group Seven Championship Final; Al Shaqab Champions - Open Class (Height 130 cm - 135 cm) CSI1*. Friday’s events will commence with the Introductory Class 1 (40cm) at 2 PM and conclude with the €10,000 Al Shaqab Champions (130cm) contest, scheduled to begin at 8 PM. Registration for the inaugural Al Shaqab International League is open to both Al Shaqab Academy members and external riders. For comprehensive information about the League, including registration details and the competition schedule, visit the official Al Shaqab website at https://alshaqab.com/en/al-shaqab-league and follow Al Shaqab on social media platforms. Copy 27/12/2024 10

Coleen Rooney reveals remark Trump made about her at White House meeting

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