debt
World Bank: Lebanon’s crisis among world’s worst since 1850s
Middle East
June 1, 2021
World Bank: Lebanon’s crisis among world’s worst since 1850s
BEIRUT (AP) — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world…
British retail faces “tsunami of closures” without rent help
World
May 30, 2021
British retail faces “tsunami of closures” without rent help
Britain’s retail sector will endure a “tsunami of closures” if the government does not extend a moratorium on aggressive debt…
Sudan seeks debt relief pledges, investment at Paris conference
Middle East
May 17, 2021
Sudan seeks debt relief pledges, investment at Paris conference
Sudan hopes to entice investors and secure pledges to pay off its arrears to the International Monetary Fund at a…
Will Lebanese banks crash Middle East finances?
Middle East
April 1, 2021
Will Lebanese banks crash Middle East finances?
Lebanon has been known as “the Switzerland of the Middle East” for decades because of its strict banking secrecy laws.…
Misr El-Kheir launches initiative for indebted female prisoners for Mother’s Day
Egypt
March 18, 2021
Misr El-Kheir launches initiative for indebted female prisoners for Mother’s Day
Egypt’s Misr El-Kheir Foundation launched the largest campaign to pay the debts of female indebted prisoners through offering shares at…
Rights group: Jordan’s debt prisons violate human rights law
Middle East
March 16, 2021
Rights group: Jordan’s debt prisons violate human rights law
AMMAN, Jordan (AP) — Samer Qraih had a good job working at a bank in Amman, Jordan, and decided to…
Misr El Kheir Foundation launches campaign to pay women’s debts
Egypt
February 18, 2021
Misr El Kheir Foundation launches campaign to pay women’s debts
The Misr El Kheir Foundation announced a campaign dubbed “Khalwees, Lessa” (Ready or Not) where public figures will pay the…
Egyptian MPs criticize rise of public debt to LE 5 trillion, warn against corruption
Egypt
February 9, 2021
Egyptian MPs criticize rise of public debt to LE 5 trillion, warn against corruption
The Egyptian Cabinet and Ministry of Planning and Economic Development came under fire on Monday by Egyptian MPs for the…
Antiquity revenues in Egypt plunge more than 90 percent in 2020, ministry facing LE7 bn in debt: minister
Egypt
February 4, 2021
Antiquity revenues in Egypt plunge more than 90 percent in 2020, ministry facing LE7 bn in debt: minister
Minister of Tourism and Antiquities Khaled al-Anani said on Thursday Egypt’s antiquities revenues decreased by more than 90 percent in…
Egypt’s foreign reserves continue to recover, rise to $US40.1007 bn in January: CBE
Business
February 4, 2021
Egypt’s foreign reserves continue to recover, rise to $US40.1007 bn in January: CBE
The Central Bank of Egypt announced, on Wednesday, that its net foreign reserves increased to US$40.1007 billion at the end…