November 16, 2015
American financial services company Standard & Poor's downgraded Egypt's outlook from "positive to stable," and expects a continued "gradual" economic recovery but also the persistence of "external imbalances".
Egypt’s public companies for drinking water and sanitation need around 960.4 million Egyptian pounds (roughly $122.7 million) to run maintenance work and salvage viable spare parts nationwide, state news agency MENA reported Friday citing...Continue Reading
The African Export-Import Bank (Afreximbank) is ready to arrange a facility of up to $1 billion for Egypt’s central bank (CBE), underwriting $500 of the amount, to"...Continue Reading
Irrigation and Water Resources Hossam Moghazi on Friday asserted that contacts among Egypt, Sudan and Ethiopia are ongoing at the level of irrigation and foreign ministers concerning the Renaissance Dam. This came on the sidelines of Moghazi's...Continue Reading
From bankers to car makers, Egypt’s business community will breathe easier when Tarek Amer takes charge at the central bank on Friday, with hopes high he will revamp a monetary policy that has undermined investment and growth.
The outlook on Egypt’s credit rating was cut Friday to stable from positive by Standard & Poor’s amid expectations that the country’s external imbalances will persist as it may receive reduced financial support from the Arab Gulf countries.
The outlook on Egypt’s credit rating was cut to stable from positive by Standard & Poor’s on expectations that the country’s external imbalances will persist as it may receive reduced financial support from the Gulf Cooperation Council countries.
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