debt
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…
IMF says vaccines to fuel Mideast recovery, tough path ahead
Middle East
February 4, 2021
IMF says vaccines to fuel Mideast recovery, tough path ahead
DUBAI, United Arab Emirates (AP) — Broad access to different coronavirus vaccines remains crucial for an economic recovery in the…
US, Sudan agree to settle African country’s World Bank debt
Middle East
January 6, 2021
US, Sudan agree to settle African country’s World Bank debt
CAIRO (AP) — The US and Sudan on Wednesday agreed to settle the African’s country’s debt to the World Bank,…
Oil-rich Kuwait faces reckoning as debt crisis looms
Middle East
November 24, 2020
Oil-rich Kuwait faces reckoning as debt crisis looms
DUBAI, United Arab Emirates (AP) — When Kuwait emerged from a months-long coronavirus lockdown, hundreds of Kuwaitis flocked to reopened…