Egypt's GDP Growth forecast revised to 3.5% for FY23/24: World Bank

Wed, 10 Jan 2024 - 12:33 GMT

This marks a revision from the bank's previous forecast of 4 percent for the same period.

CI Ratings revises its outlook on Egypt from negative to stable

Sun, 03 Sep 2023 - 02:14 GMT

The downgrade “reflects the increase in Egypt’s external financing risks due to the country’s high external financing needs and risks to the sufficiency and timeliness of financing inflows.

Moody’s review on Egypt’s ratings extended for 3 months

Sun, 13 Aug 2023 - 11:40 GMT

The ministry’s official statement added that Moody’s based its recent decision on the structural reforms taken recently by the Egyptian government to stimulate investment and empower the private sector

Moody's places a review rating of 5 Egyptian banks

Wed, 17 May 2023 - 04:41 GMT

Moody's Investors Service (Moody's) has placed the B3 long-term local and foreign currency deposit ratings for review on all Moody's rated banks in Egypt.

S&P downgrades outlook for three Egyptian banks to negative

Tue, 02 May 2023 - 12:39 GMT

Since March 2022, the three banks released multiple types of high-yield CDs, ranging from annual yields of 18 percent to 25 percent