S&P Global expects GDP growth to record 4% in FY2023/2024

Sun, 22 Oct 2023 - 02:19 GMT

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

S&P upgrades Egyptian economy’s outlook to stable, lowers long-term credit rating

Sun, 22 Oct 2023 - 10:38 GMT

"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

Egypt maintains PMI recorded at 49.2 in August, shows signs of recovering market

Tue, 05 Sep 2023 - 12:26 GMT

In August, output declined modestly, driven by price pressures that constrained capacity

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

S&P affirms Egypt's credit rating at B/B with stable outlook

Mon, 25 Apr 2022 - 11:46 GMT

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 to join S&P 500, shares jump after hours

Thu, 15 Jul 2021 - 11:19 GMT

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.

Asian shares advance as Chinese stocks extend recovery

Wed, 26 Sep 2018 - 08:22 GMT

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.

Asian shares edge up, but political, economic woes hurt sentiment

Wed, 22 Aug 2018 - 07:54 GMT

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 lowers Turkey’s sovereign rating to B+ from BB-; maintains outlook at stable

Fri, 17 Aug 2018 - 09:11 GMT

S&P Global Ratings has recently announced that it lowered Turkey's sovereign rating to B+ from BB- while maintaining the outlook at stable.

Wall Street rises on economic data, easing trade worries

Thu, 07 Jun 2018 - 09:48 GMT

President Donald Trump will meet French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau during a G7 summit this week.

U.S. allies hit back at Washington's steel, aluminum tariffs

Fri, 01 Jun 2018 - 12:20 GMT

Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminum imports.

Asian shares pressured as Trump tempers Sino-U.S. trade optimism

Wed, 23 May 2018 - 08:26 GMT

Japan’s Nikkei lost 1.2 percent to end at a 1-1/2-week low.

Bourse gains LE 6.3B at onset of Sunday trading

Sun, 13 May 2018 - 10:57 GMT

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.

S&P raises Egypt’s sovereign credit rating to B

Fri, 11 May 2018 - 11:27 GMT

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 seeking to raise $600M club loan: sources

Sun, 29 Apr 2018 - 12:12 GMT

National Bank of Egypt is putting together a group of lenders for a club loan in the region of $600 million, banking sources said.

Global stocks seesaw after Fed flags U.S. inflation, bonds rise

Thu, 01 Feb 2018 - 07:42 GMT

World stocks lost some of the shine provided by Boeing’s strong results as the dollar fluttered on Wednesday.

Asian shares bounce back, but rising U.S. yields pose risks

Thu, 01 Feb 2018 - 07:07 GMT

Asian shares eked out modest gains on Thursday, clawing back sharp losses from earlier this week.

Asia shares extend bull run, dollar crawls off lows

Mon, 29 Jan 2018 - 07:24 GMT

Japan’s Nikkei rose 0.5 percent as the yen eased a little, while South Korea notched a record.

S&P keeps New Year's rally alive, Dow eases

Tue, 09 Jan 2018 - 11:00 GMT

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 to pay off its debts: Finance Min.

Sat, 02 Dec 2017 - 04:14 GMT

Egypt has never failed in repaying its foreign debts on time, Finance Minister Amr el-Garhy told Egypt Today Saturday.