S&P highlighted the government’s decision to stop projects with significant FX costs or are at a completion rate of 50 percent or less, noting that it expected this to reduce related imports and support the country’s external position
"Changing the outlook from negative to stable reflects structural reforms that the Egyptian government undertook recently which contributed to achieving financial discipline,” explained Minister of Finance Mohamed Maait
In August, output declined modestly, driven by price pressures that constrained capacity
Since March 2022, the three banks released multiple types of high-yield CDs, ranging from annual yields of 18 percent to 25 percent
Standard & Poor's (S&P) kept Saturday Egypt's long and short-term foreign and local currency sovereign credit ratings at B/B with a stable outlook.
Moderna Inc will join the S&P 500 index as of the start of trading on July 21, replacing Alexion Pharmaceuticals, S&P Dow Jones Indices said in a statement on Thursday.
Spreadbetters expected European stocks to open flat to firmer, with Britain’s FTSE starting little changed, Germany’s DAX adding 0.2 percent and France’s CAC up 0.05 percent.
Investors in the region took some comfort from hopes that the trade talks between the U.S. and China expected this week will ease trade tensions.
S&P Global Ratings has recently announced that it lowered Turkey's sovereign rating to B+ from BB- while maintaining the outlook at stable.
President Donald Trump will meet French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau during a G7 summit this week.
Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminum imports.
Japan’s Nikkei lost 1.2 percent to end at a 1-1/2-week low.
he Egyptian Exchange indexes posted gains at the onset of Sunday's trading, backed by S&P's announcement of upgrading Egypt' sovereign credit rating.
International rating agency Standard and Poor’s (S&P) raised on Friday Egypt’s sovereign credit rating to (B) from (B -).
National Bank of Egypt is putting together a group of lenders for a club loan in the region of $600 million, banking sources said.
World stocks lost some of the shine provided by Boeing’s strong results as the dollar fluttered on Wednesday.
Asian shares eked out modest gains on Thursday, clawing back sharp losses from earlier this week.
Japan’s Nikkei rose 0.5 percent as the yen eased a little, while South Korea notched a record.
The S&P 500 extended its winning streak for 2018 on Monday although its advance slowed to a crawl as the healthcare and financial sectors weighed.
Egypt has never failed in repaying its foreign debts on time, Finance Minister Amr el-Garhy told Egypt Today Saturday.