Finance min.: Egypt only country in Middle East, Africa to retain global assessment institutions’ ratings

Fri, 22 Apr 2022 - 01:34 GMT

Egypt’s Minister of Finance Mohamed Maait said Egypt has been the only country in the Middle East and Africa to retain the confidence of the three international assessment institutions of Fitch Ratings, S&P Global Ratings, and Moody’s.

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.