Adam Bak

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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Reasons to Have Good Credit

In this day and age, it seems like a good credit score is necessary to move forward with almost any new chapter of your life. Whether you are buying a car, house, or just applying for a credit card, a clean and full history seems like the key to Emerald City. We have all heard…

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