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What’s the deal between China and the US and how is Taiwan involved? Could World War 3 erupt between China and the US because of Taiwan? Let’s find out more&nbsp;President Xi Jinping of the People’s Republic of China announced in the last few days that “those who play with fire will perish by it” as a warning to USA President Joe Biden for his interference in Taiwan.&nbsp;<h2>What does President Xi Jinping want from President Joe Biden?</h2>&nbsp;President Xi Jinping demanded that President Biden commit to the One China principle when it comes to Taiwan. Biden on the other hand communicated that the USA strongly opposes any unilateral movements from China against Taiwan and that the situation will not be stable.&nbsp;<h2>What’s the back story?</h2>&nbsp;China’s rconflict with Taiwan is pretty similar to <a href="https://www.faydety.com/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D8%A7%D9%8A%D9%87-%D9%82%D8%B5%D8%A9-%D9%84%D9%88%D8%BA%D8%A7%D9%86%D8%B3%D9%83-%D9%88%D8%AF%D9%88%D9%86%D9%8A%D8%AA%D8%B3%D9%83-%D8%A7%D9%84%D9%84%D9%8A-%D8%B1%D9%88%25">Russia’s conflict with Ukraine</a> and as you know recently a war erupted in Eastern Europe because of the tense relationship between the two.&nbsp;China considers Taiwan to be part of its territory and not a separate country and has no problem exerting force to have Taiwan as part of its borders.&nbsp;Also read <a href="https://www.faydety.com/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D8%A7%D9%8A%D9%87-%D8%A7%D9%84%D9%84%D9%8A-%D9%85%D9%85%D9%83%D9%86-%D9%8A%D8%A3%D8%AB%D8%B1-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7">what can affect the global economy in the future?</a>&nbsp;<h2>What is the One China policy?</h2>&nbsp;It refers to the United States’ ambiguous diplomatic position regarding Taiwan but conversely the US does sell weapons to Taiwan for self-defense against China which of course does not sit well with China.Taiwan is a democratic self ruling country and the USA always tries to strengthen its military relationship with Taiwan. On the other hand the USA and China are rivals.&nbsp;<h2>USA provokes China</h2>&nbsp;The reason behind the recent rise in tension is U.S. Speaker of the House of Representatives Nancy Pelosi’s recent visit to Taiwan. This represents an obvious change in US’ stance towards Taiwan. What made China angry were Nancy Pelosi’s statements that the USA is backing Taiwan and that their relationship will be stronger than ever.&nbsp;<blockquote>China: those who play with fire will perish by it</blockquote>&nbsp;China issued an official statement in response to Pelosi’s visit stating that those who play with fire will perish by it and that China will not just stand by and let the US play with World Peace&nbsp;<h2>China’s recent military operations:</h2>&nbsp;Pictures of recent military drills on Xiamen city beach in Fujian province circulated on social media documenting the presence of many tanks and heavy artillery in the city streets at the same time as Pelosi’s visit. Many videos circulated on social media as well detailing drills taking place in Xiamen city which is located on the opposite coast of Taiwan.

What’s the deal between China and the US and how is Taiwan involved? Could World War 3 erupt between China and the US because of Taiwan? Let’s find out 

Will WW3 erupt between China and the US because of Taiwan?



The US Playing with Fire in Taiwan: The Whole Story

What is a swift code and how do you find it? Is it the same as an IBAN? How can you find any bank’s swift code for transfers?&nbsp;<h2>The Importance of SWIFT code</h2>&nbsp;It is an international financial transaction system that countries rely on so much that if any country is banned from using SWIFT it can be a true economic disaster as the country’s banks are isolated from the global economy. Its export and import businesses and other economic activities will come to an utter halt.&nbsp;Also read <a href="https://www.faydety.com/en/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D8%A7%D9%8A%D9%87-%D9%87%D9%88-%D9%86%D8%B8%D8%A7%D9%85-%D8%B3%D9%88%D9%8A%D9%81%D8%AA-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%88%D8%A7%D8%B2%D8%A7%D9%8A-%D8%B1%D9">what is swift and how will it affect Russia?</a>&nbsp;<h2>What is SWIFT?</h2>&nbsp;<ul style="list-style-type:disc;"><li>SWIFT is a global financial system used by more than 11,000 banks and financial institutions in more than 200 countries</li><li>SWIFT stands for The Society for Worldwide Interbank Financial Communication</li><li>It is based in Belgium</li><li>It was established in 1973 to replace Telex</li><li>It is instantaneous and safe</li><li>It notifies banks and financial entities the exact date and time a transaction takes place</li></ul>&nbsp;Also read the Dictionary&nbsp;<a href="https://www.faydety.com/en/learn/%D9%82%D8%A7%D9%85%D9%88%D8%B3-%D8%A7%D9%84%D9%81%D9%84%D9%88%D8%B3-3/%D9%82%D8%A7%D9%85%D9%88%D8%B3-%D8%A7%D9%84%D9%85%D8%B5%D8%B7%D9%84%D8%AD%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D9%86%D9%83%D9%8A%D8%A9-%D8%A7%D9%84%D9%84%D9%8A">of banking terms what you need to know part one</a>&nbsp;<h2>More information on SWIFT Code:</h2>&nbsp;<ul style="list-style-type:disc;"><li>Swift code is a unified format to identify banks, Bank identifier code (BIC)</li><li>Each bank and each branch of that bank has its own swift code as it is used for international wire transfers it is also used for communication between banks</li></ul>&nbsp;<h2>What is SWIFT code composed of?</h2>&nbsp;Swift codes are made-up of eight digits that refer to the bank’s original branch or 11 digits for a specific branch in the following format: AAAA&nbsp; BB&nbsp;CC&nbsp; DDD&nbsp;AAAA: Bank code made-up of letters onlyBB: country code made-up of letters onlyCC: location code made-up of letters and numbersDDD: branch code made-up of letters and numbers. For the main branch this number is removed or it can be denoted by XXX&nbsp;<h2>You can find any bank’s SWIFT code on:</h2>&nbsp;<ul style="list-style-type:disc;"><li>The banks website</li><li>Through their branch location maps</li><li>The bank’s hotline</li><li>Customer service or contact us page</li><li>You can also find it on your account statement</li></ul>&nbsp;<h2>What is BIC:</h2>&nbsp;This is the bank identifier codeEach bank or branch or financial entity has a fixed BICIt is used for international banking transfers&nbsp;<h2>SWIFT vs. BIC</h2>&nbsp;SWIFT refers to&nbsp;The Society for Worldwide Interbank Financial Communication, an international network for financial transactions between countries.BIC is the bank’s fixed identification code composed of eight or 11 digits&nbsp;Both terms refer to the same thing there is no difference&nbsp;<h2>Is SWIFT code the same as IBAN?</h2><figure class="image"><img src="https://storage.faydety.com/images/blogs/images/IBAN_breakdown_a0cd4adeb9.png" alt="swift, cib swift code, swift code, Egypt country code, swift, swift system, What does swift mean? Swift Bank, how does it work? See where to Swift Bank, What does swift code mean? what is the swift code, What is a BIC Code, SWIFT and IBAN, What does iban mean? Is the swift code for the bank is the IBAN number? swift explanation, banking terms and their meaning banking dictionary, What is the difference between SWIFT, BIC and IBAN?, banking terms, egypt banks, bic,"></figure>No they are differentThere is a&nbsp;<a href="https://www.faydety.com/en/learn/%D9%82%D8%A7%D9%85%D9%88%D8%B3-%D8%A7%D9%84%D9%81%D9%84%D9%88%D8%B3-3/%D8%AA%D8%B9%D8%B1%D9%81-%D8%A5%D9%8A%D9%87-%D8%B9%D9%86-%D8%A7%D9%84%D9%80-iban-%D9%88%D8%A5%D9%8A%D9%87-%D8%A7%D9%84%D9%81%D8%B1%D9%82-%D9%85%D8%A7-%D8">difference between IBAN and a bank account number</a>.&nbsp;More on IBAN&nbsp;<a href="https://www.faydety.com/learn/%D9%82%D8%A7%D9%85%D9%88%D8%B3-%D8%A7%D9%84%D9%81%D9%84%D9%88%D8%B3-3/%D8%A7%D9%8A%D9%87-%D9%87%D9%88-iban-%D8%B1%D9%82%D9%85-%D8%A7%D9%84%D8%AD%D8%B3%D8%A7%D8%A8-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%25D">here</a>&nbsp;

What is a swift code and how do you find it? Is it the same as an IBAN? How can you find any bank’s swift code for transfers? know more info

What is the meaning of Swift Code and how do I get it?

The Difference between IBAN, SWIFT and BIC

What is TikTok? How can you make money on it? What is TikTok’s currency and how can you withdraw it in the first place? Does TikTok take a percentage or a commission? Let’s find out&nbsp;<h2>What is TikTok?</h2>&nbsp;<ul style="list-style-type:disc;"><li>It is a video share application that exploded in popularity in a very short period of time</li><li>These videos range from 3 seconds to 3 minutes</li><li>You can make money from TikTok in several ways and we will also explain how you can withdraw your tiktok balance</li></ul>&nbsp;Download TikTok <a href="https://www.faydety.com/article?link=https://play.google.com/store/apps/details?id=com.zhiliaoapp.musically&amp;hl=ar&amp;gl=US">here</a>&nbsp;<h2>What is TikTok currency?</h2>&nbsp;The currency used by TikTok is a virtual currency through which a follower can show their appreciation to those they follow (the influencers).This virtual currency is linked to a real bank account where it is transformed into real currency that can be withdrawn&nbsp;<h2>How can you make money on TikTok?</h2>&nbsp;Live streaming: followers give donations to their favorite influencers during the live stream. You do need a huge number of followers though for this to work on a regular basis.&nbsp;Attract followers: the more followers you have the better chance you have to make money. You will need interesting and exciting video material to attract more followers.&nbsp;Product marketing: you can make money by marketing different products and services. Sometimes videos can be sponsored by specific brands as well. You can do this by directly marketing the product, for example talk about its benefit or its good points or indirectly by either showcasing it in the video or just adding the link to your video.&nbsp;Rewards: currently not available in all countries the TikTok reward system allows you to make money when you share the TikTok app link with someone else who doesn’t already have it on their device. You can also get rewards by watching video segments and the longer the videos are the more rewards you get.&nbsp;<h2>Criteria that will help you make even more money on TikTok:</h2>&nbsp;Content: the more popular the content the more views you’ll get and your profit will increase. More on this <a href="https://www.faydety.com/article?link=https://www.tiktok.com/discover/%D8%B7%D8%B1%D9%8A%D9%82%D9%87-%D8%B3%D8%AD%D8%A8-%D8%A7%D9%84%D9%81%D9%84%D9%88%D8%B3-%D9%85%D9%86-%D8%A7%D9%84%D8%AA%D9%8A%D9%83-%D8%AA%D9%88%D9%83?lang=en">here</a>Length: shorter videos get more views in most cases. People have shorter attention spans these days and not a lot of time to dedicate to each video they watch.Likes: the more likes or hearts you get the more money you will have. It will also attract brands to your channel so you can market their products.&nbsp;Also read: <a href="https://www.faydety.com/learn/%D9%86%D8%B5%D8%A7%D9%8A%D8%AD-%D8%A8%D8%A8%D9%84%D8%A7%D8%B4-5/%D8%A7%D8%B2%D8%A7%D9%8A-%D8%A8%D9%80-4-%D8%AE%D8%B7%D9%88%D8%A7%D8%AA-%D8%AA%D9%83%D8%B3%D8%A8-%D9%81%D9%84%D9%88%D8%B3-%D9%85%D9%86-%D9%81%D9%8A%D8%AF%D9%8A%D9%25">Make money on TikTok in 4 steps</a>&nbsp;<h2>How to withdraw your TikTok balance?</h2>&nbsp;<ul style="list-style-type:disc;"><li>PayPal</li><li>Bank account</li><li>The maximum amount you can withdraw depends on the method you use.</li><li>Select “balance”, then “withdraw funds”, then the method you prefer</li></ul>&nbsp;<h4>PayPal versus bank account:</h4>&nbsp;<h2><a href="https://www.faydety.com/article?link=https://www.paypal.com/eg/signin">PayPal</a>:</h2>&nbsp;<ul style="list-style-type:disc;"><li>It is an electronic banking method that allows you to transfer money from TikTok to PayPal then to your card.</li><li>Minimum transferable amount is 50 U.S. dollars</li></ul>&nbsp;<h2>Bank account:</h2>&nbsp;<ul style="list-style-type:disc;"><li>Minimum transferable amount is 30 USD</li><li>To activate the service you must enter an OTP that will be sent to your mobile number linked to your bank account.</li><li>After you enter the OTP, select “link account” then enter the required information and click done.</li></ul>&nbsp;How to: <a href="https://www.faydety.com/learn/%D9%82%D8%A7%D9%85%D9%88%D8%B3-%D8%A7%D9%84%D9%81%D9%84%D9%88%D8%B3-3/%D8%A5%D8%B2%D8%A7%D9%8A-%D8%AA%D9%81%D8%AA%D8%AD-%D8%AD%D8%B3%D8%A7%D8%A8-%D9%81%D9%8A-%D8%A7%D9%84%D8%A8%D9%86%D9%83--85">open a bank account?</a>&nbsp;<h2>Link your PayPal account with TikTok account:</h2>&nbsp;Your PayPal account and your TikTok account must have the same first and last names as having a different name may cause delays in withdrawing money.&nbsp;<ul style="list-style-type:disc;"><li>Open a PayPal account</li><li>Access settings on the top right</li><li>Your personal link is under your profile picture</li><li>Copy the link</li><li>Access TikTok</li><li>Access your profile</li><li>Select the three dots on the top right then select “balance”</li><li>You’ll find how many ‘coins’ you have on TikTok</li><li>Select “withdraw” then confirm the amount you wish to withdraw</li><li>Select PayPal. You must add your email link to PayPal and paste the PayPal link you copied earlier</li><li>The minimum amount you can withdraw is $50 and the maximum amount per day is $1000</li></ul>&nbsp;<h2>TikTok’s commission</h2>&nbsp;<ul style="list-style-type:disc;"><li>Tick tock as an app does not take a commission from withdrawals but PayPal may do so depending on where the client is located.</li><li>The operation takes between 15 and 21 days to process.</li></ul>&nbsp;Link your bank account to tTikTok:&nbsp;To <a href="https://www.faydety.com/article?link=tiktok.com/legal/withdrawal-instructions?lang=ar">answer this question</a> you will need the following information&nbsp;<ul style="list-style-type:disc;"><li>Swift code</li><li>IBAN</li><li>First and last names</li><li>Address</li><li>Mobile number</li></ul>&nbsp;Also read&nbsp;<a href="https://www.faydety.com/learn/%D8%B9%D8%A7%D9%84%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84-1/%D9%87%D9%84-%D9%81%D9%8A-%D9%81%D8%B1%D9%82-%D8%A8%D9%8A%D9%86-swift-%D9%88bic-%D9%88-iban-%D9%84%D9%84%D8%A8%D9%86%D9%83--2356">the difference between IBAN, SWIFT and BIC</a>

What is TikTok? How can you make money on it? What is TikTok’s currency and how can you withdraw it in the first place? Does TikTok take 

How To: Make Money through TikTok

Compare between mortgage loans and find the best one for your needs.&nbsp;<h3>What is a mortgage loan?</h3>&nbsp;<ul><li>It is a type of loan offered by banks and real estate loan companies to individuals for the purpose of purchasing a residence (house or apartment).</li><li>The purchased unit is put under the bank/loaning company’s name until the owner (borrower) pays off the mortgage amount (the price of the unit plus interest).</li><li>The mortgage duration can be anything from 1 to 20 years.</li></ul>&nbsp;<h3>What’s the difference between a personal loan and a mortgage?</h3>&nbsp;Personal Loans:&nbsp;<ul><li>Personal loans are cash loans.</li><li>The client undergoes a financial history check (including income and expenditures) and the personal loan amount is agreed upon accordingly.</li><li>&nbsp;A personal loan’s duration is usually between 7 to 10 years according to the bank or loaning company’s policy.</li><li>Since there are no assets to hold as guarantee personal loans have a higher interest rate.</li></ul>&nbsp;Home Mortgage:&nbsp;<ul style="list-style-type:circle;"><li>The bank/lending company issues a cheque in the name of the property owner (the seller).</li><li>A contract between the bank/lending company, the seller, and the buyer (borrower) is drawn up where the property (asset) is held in the bank/lending company’s name as a guarantee for the mortgage.</li><li>Each client undergoes a financial history check.</li><li>The mortgage duration can be anything from 15-30 years.</li><li>Since the mortgage duration is so long the mortgage amount is much larger than a personal loan’s while the interest rate is slightly less.</li></ul>&nbsp;Getting a Home MortgageEssential requirements:<ol><li>I-Score: a positive i-Score is a must.</li><li>DBR (Debt Burden Ratio): must be less than 40%. This means that the mortgage payment + any banking commitments you may have must not exceed 40% of your net income.</li></ol>&nbsp;What are the documents needed to apply for a home mortgage?&nbsp;There are 3 applicant categories for home mortgages: employees, business owners, and freelance workers and the required documents needed differ from one category to the other.<ol><li>Employees:&nbsp;<ol style="list-style-type:lower-alpha;"><li>National I.D number.</li><li>Proof of residence (utility bill required).</li><li>Proof of employment: a salary letter from the employing company including the date of employment, net salary, and current position/title.</li><li>Bank statements going back 12 months.</li></ol></li></ol>&nbsp;<ol><li>Business owners:<ol style="list-style-type:lower-alpha;"><li>National I.D number.</li><li>Proof of residence (utility bill required).</li><li>Bank statements going back 12 months.</li><li>Syndicate card.</li><li>Profession practice certificate (if available).</li><li>Tax identification number.</li></ol></li></ol>&nbsp;<ol><li>Freelancers:<ol style="list-style-type:lower-alpha;"><li>National I.D number.</li><li>Proof of residency (utility bill required).</li><li>Bank statements going back 12 months.</li><li>Business registration.</li><li>Tax identification number.</li></ol></li></ol>&nbsp;Required paperwork specific to the purchased unit:<ul style="list-style-type:disc;"><li>In case of existing cities/towns:</li></ul><ol><li>Official copy of the contract.</li><li>Certified copy of the building permit (if the unit is not already registered).</li><li>Sequential reals estate powers of attorney if the unit is not registered yet (but can be registered without any problems) and is not under the name of the seller.</li><li>Real estate transaction certificate.</li></ol><ul style="list-style-type:disc;"><li>In case of new cities/towns:<ol><li>Official copy of the contract.</li><li>Certified copy of the building permit (if the unit is not already registered).</li><li>Sequential real estate powers of attorney if the unit is not registered yet (but can be registered without any problems) and is not under the name of the seller.</li><li>Real estate transaction certificate.</li></ol></li><li>In case of real estate compounds:<ol><li>Official copy of the contract.</li><li>Certified copy of the building permit (if the unit is not already registered).</li><li>Proof that the unit is debt free (if the unit is being purchased from an individual and not directly from the compound owner).</li><li>A copy of the ministerial decision to allocate land to the compound owner company.</li></ol></li></ul>&nbsp;4 points you must pay attention to before you apply for a mortgage&nbsp;<ol><li>Interest rate: to know more about interest rates &amp; types check our <a href="https://www.faydety.com/en/help-center/interest-rate-definitin-types-6">Help Center</a>.</li><li>Tax fees (relative stamp duty): the Central Bank of Egypt charges you each quarter 0.05% of the remaining amount of the mortgage. This is a fixed number for all banks.</li><li>Home insurance: a condition of getting a mortgage is to have a home insurance policy against general damage. The home insurance policy is usually around 0.05% - 0.30% of the home’s total value per year. Some banks will let you choose the insurance company while others won’t. This is in addition to a life insurance policy which is paid automatically along with the mortgage installment (to guarantee the bank/loaning company’s rights in case of death).</li><li>Down payment: the percentage you can afford to pay as a lump sum of the house/apartment’s price which may affect the following:<ol style="list-style-type:lower-alpha;"><li>The number banks which will accept your mortgage application.</li><li>The interest rate which is different from one client to the other even within the same bank as it depends on the down payment amount.</li></ol></li></ol>&nbsp;The down payment percentage starts from 15% and up to any amount you are able to pay.&nbsp;<ol><li>Misc. fees: registration fee, inspection fee, and administrative fees.</li></ol>&nbsp;Specifications of the purchased unit.What’s the duration of a home mortgage?Most banks offer a 15 year mortgage plan while others offer up to 20 years. Make sure to check several banks to find the best plan for you.&nbsp;<h3>Can I buy any house/apartment I want?</h3>&nbsp;This depends on the bank/real estate loan company. Generally speaking there are 3 residence types you can apply for a loan to purchase:<ol><li>Units in existing cities/towns.</li><li>New urban communities and small pieces of land: can be a separate unit, a unit on an independent piece of land, or an apartment in a building with a garden.</li><li>Units in real estate compounds: they mostly fall under the previous category of new urban communities.</li></ol>

Best Home Mortgage Loans in Egypt

Compare between mortgage loans and find the best one for your needs

What is a mortgage loan?

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