S&P upgrades Egypt's outlook to positive amidst record investments, economic reforms

Mon, 18 Mar 2024 - 11:19 GMT

These changes in the global agency's view of the Egyptian economy come after Cairo secured a $35 billion investment from the United Arab Emirates (UAE), adding to a string of international commitments and financing exceeding $50 billion.

Fitch downgrades Egypt's rating to "B-" with stable outlook

Fri, 03 Nov 2023 - 09:44 GMT

This rating is attributed to increased risks to external financing, macroeconomic stability, and high government debt.

S&P maintains Egypt credit rating at B with "Stable Outlook"

Sun, 23 Oct 2022 - 07:13 GMT

This shows trust that the Egyptian economy has the ability to deal positively with difficult foreign repercussions, topped by the war in Europe and its economic fallout at the international level.

Fitch affirms Egypt's rating at 'B+' with stable outlook

Fri, 22 Apr 2022 - 04:39 GMT

Fitch elaborated in a statement that Egypt's ratings are supported by its recent record of fiscal and economic reforms, its large economy with robust growth and strong support from bilateral and multilateral partners.

Finance ministry: Int’l economic institutions have optimistic, positive outlook on Egypt’s economy

Mon, 15 Mar 2021 - 03:41 GMT

The minister cited reports issued by international economic institutions about Egypt’s economy and their optimistic and positive outlook on Egypt’s economic performance for the coming years.

Fitch affirms Egypt's rating at B+ with stable outlook

Wed, 10 Mar 2021 - 02:03 GMT

The rating agency clarified that the rating and outlook are reinforced by its recent track record of fiscal and economic reforms, which the authorities are furthering, as well as its large economy, which has demonstrated stability and resilience through the global health crisis.

Brent oil rises after deal to cut supply, but 2019 outlook weakens

Mon, 10 Dec 2018 - 09:34 GMT

The shutdown of the 315,000-bpd El Sharara oilfield in Libya also helped push up Brent, traders said.

Egyptian non-oil private sector fell slightly in Feb.: PMI

Mon, 05 Mar 2018 - 08:54 GMT

Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) for the non-oil private sector fell to 49.7 in February, compared to 49.9 in January.

Fitch expects Egypt’s inflation to fall to 13% in 2018

Tue, 27 Feb 2018 - 02:56 GMT

Fitch anticipated in a report that the Central Bank of Egypt will cut rates further this year (another 200-300bps).

Egypt's political, economic situation improved under Sisi: Euromoney

Fri, 19 Jan 2018 - 11:08 GMT

Egypt is definitely going in the right direction and its recovery is noticeable, Christian Richter, a contributor to Euromoney, said Friday.

Global oil market seen balanced in 2018, even with rising output: IEA

Thu, 12 Oct 2017 - 09:11 GMT

Global supply and demand for crude oil will be largely balanced next year.

Moody’s downgrades Qatari banks outlook to negative

Tue, 08 Aug 2017 - 09:19 GMT

Moody’s said that this comes as a result of the weakening operating conditions and continued funding pressures facing Qatari banks.