credit
Egypt jumps 8 ranks in Doing Business 2019 report
Economy
November 1, 2018
Egypt jumps 8 ranks in Doing Business 2019 report
The World Bank and the International Finance Corporation (IFC) have announced that Egypt has jumped eight ranks in the Doing…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business
January 17, 2018
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
External debt is $79 bn, says Finance Minister after financial outlook improves
Business
January 17, 2018
External debt is $79 bn, says Finance Minister after financial outlook improves
Minister of Finance Amr al-Jarhi stated on Tuesday that Egypt’s external debt stood at $79 billion at the end of…
Chinese woman undergoes plastic surgery to evade $3.7 million debt
World
August 1, 2017
Chinese woman undergoes plastic surgery to evade $3.7 million debt
A 59-year old woman from the central Chinese city of Wuhan transformed her appearance through plastic surgery in order to…
China new bank loans surge in January to $300 bn
Business
February 14, 2017
China new bank loans surge in January to $300 bn
Chinese bank lending surged in January, the central bank said Tuesday, as concerns grow that a flood of credit is…
Egypt’s credit risk jumps 36% since Sisi elected: Bloomberg
Business
December 1, 2015
Egypt’s credit risk jumps 36% since Sisi elected: Bloomberg
Egypt's credit risk has grown by 36 percent since President Abdel Fattah al-Sisi was elected in June 2014, according to…
Many nations’ laws hinder women’s access to jobs, credit: World Bank study
Middle East
September 10, 2015
Many nations’ laws hinder women’s access to jobs, credit: World Bank study
Laws in many nations persist in keeping women from working in jobs of their choice, block their access to credit…
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
Business
May 31, 2015
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
Banks are actively assisting steel tycoon Ahmed Ezz to pull his companies out of debts with loans and other facilitations,…
Fitch downgrades Egypt sovereign rating, could cut further
Business
January 30, 2013
Fitch downgrades Egypt sovereign rating, could cut further
NEW YORK — Fitch Ratings cut Egypt's sovereign credit rating Wednesday one notch, to B from B-plus, citing a wider…
Making financial literacy fun, in a largely unbanked Egypt
Business
November 16, 2012
Making financial literacy fun, in a largely unbanked Egypt
The comic book begins much as would be expected: Marvel comics’ the Avengers and Spiderman assemble to battle a villain…