how to make your money grow

Cash is King in Egypt and in Business

Cash is king. It’s a short sentence or phrase oft-quoted in relation to Arab countries such as Egypt. And usually it refers obliquely to the reticence many Egyptians have in placing all of their financial eggs in the one labyrinthine banking basket. At least, that’s how they perceive it. But the truth is much of the mistrust is also a consequence of under-banking. The majority of Egyptians don’t earn enough to even have a bank account let alone something as alien as a credit card. Therefore, they’ve no opportunity to experience any of the modern-day banking benefits most of us rather take for granted. Instead, they carry on as they’ve always done, paying cash for the everyday necessities as they go along.

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Weak Dollar Investing

Currencies are closely tied to the economies and identities of countries. This is apparent in the United States, where prolonged weakness of the American Dollar has sparked debates across financial and political circles. Aside from bureaucratic issues; the strength of a currency affects wages, cost of consumer goods and national pride, among other factors. These…

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