Moody’s expectations of Egyptian economy's indicators in 2019/20

Mon, 29 Apr 2019 - 08:59 GMT

Egypt Today reviews the expectations of the rating agency.

Moody’s describes Egypt’s 2019/20 budget as credit positive

Thu, 04 Apr 2019 - 04:41 GMT

Moody’s expected Egypt to achieve a growth rate of 5.8 percent in 2019/2020.

Egypt’s collateral registry benefits banks: Moody’s

Thu, 15 Mar 2018 - 09:33 GMT

On Sunday March 11, Egypt’s Financial Regulatory Authority announced the launch of the country’s first movable collateral registry.

Islamic finance to continue growth exceeding conventional assets: Moody’s

Wed, 14 Mar 2018 - 11:00 GMT

Moody’s attributed in a report its expectations to the rise of the demand for Shari'ah-compliant financial instruments.

Moody’s upgrades Arab Misr Insurance Group to Ba3

Thu, 15 Feb 2018 - 01:35 GMT

Moody’s Investors Service upgraded the insurance financial strength rating (IFSR) of Arab Misr Insurance Group (GIG) to Ba3 from B1.

Moody’s: Egypt’s new bankruptcy law is credit positive for banks

Thu, 25 Jan 2018 - 03:23 GMT

Moody’s Investors research revealed that Egypt’s first-ever bankruptcy law will encourage local and foreign investment in the country

Moody’s predicts Egypt’s growth to accelerate to 5% by 2019

Tue, 16 Jan 2018 - 11:28 GMT

Moreover, fiscal consolidation will be more challenging for Tunisia, Egypt and Lebanon, the report added.

12 Saudi banks see higher net profits: Moody’s

Thu, 09 Nov 2017 - 10:04 GMT

Moody’s pointed out that these profits came despite the government’s measures to cut spending.

Net profit of Qatar’s commercial bank slumps 47.3% in 9 months

Thu, 19 Oct 2017 - 02:08 GMT

The bank’s profit dropped by 47.3 percent in the first nine months of 2017.

Business news wrap-up

Wed, 11 Oct 2017 - 05:34 GMT

A wrap-up for the most prominent business news of the day.

Egypt’s banking system is stable on boosted growth: Moody’s

Wed, 11 Oct 2017 - 04:37 GMT

Moody’s predicts growth to pick up to 4.5 percent in fiscal year (FY) 2017/2018, from 4.0 percent in FY 2016/2017.

South Africa's mining industry 'in crisis': Chamber

Fri, 08 Sep 2017 - 09:15 GMT

South Africa’s mining industry is in “crisis” and its companies have lost confidence in the mining minister.

U.S. won't regain Aaa-rating after any default: Moody's

Tue, 05 Sep 2017 - 02:01 GMT

Moody’s Investors Service said on Tuesday it would strip the United States of its top-notch rating if a default such as a missed debt payment were to happen.

Moody’s reasons for holding Egypt’s credit rating unchanged

Sun, 20 Aug 2017 - 02:24 GMT

Egypt’s credit rating outlook maintained stable by global credit rating agency Moody's Investors Service late Friday.

Business news wrap-up

Thu, 17 Aug 2017 - 03:56 GMT

A wrap-up for the most prominent news circulated during the day.

Business news wrap-up

Wed, 16 Aug 2017 - 05:30 GMT

A wrap-up for the most prominent news circulated during the day.

Moody’s to upgrade Egypt’s rating to B2: Pharos

Wed, 16 Aug 2017 - 11:34 GMT

Pharos believe that a credit rating upgrade will support further foreign inflows into the equity and the fixed income market

Qatari banks in trouble as boycott extends

Sat, 12 Aug 2017 - 08:00 GMT

Being heavily dependent on foreign funds, the Qatari banking system was the first sector to be negatively influenced with some Gulf firms and individuals.

Business news wrap-up

Thu, 10 Aug 2017 - 05:11 GMT

A wrap-up for the most prominent news circulated during the day.

More spending pressures looming on 5 Saudi mega banks: Moody’s

Thu, 10 Aug 2017 - 01:38 GMT

Lower Saudi government spending would press on the profitability of the five largest banks of the kingdom in 2018.