debt

World Bank: Lebanon’s crisis among world’s worst since 1850s
Middle East

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

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

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

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

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

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

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

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

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

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…
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