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Egypt jumps 8 ranks in Doing Business 2019 report
Economy

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

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

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

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

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

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

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

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

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

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…
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