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Fitch says Egypt must prove reforms are lasting before credit rating action
Reuters via Yahoo Finance· 3 months agoEgypt's blockbuster cash infusions, currency devaluation and interest rate hike are not quite enough for Fitch to adjust the country's credit rating, the agency's head of Middle East and Africa ...
Analysis: The EU's big bet on Egypt comes with a high price and high risks
Euronews via Yahoo News· 3 months agoThe European Union over the weekend signed a €7.4 billion "comprehensive partnership" with Egypt, a...
Egypt raises interest rates as it battles spiraling inflation and households struggle to keep up
AP Finance via Yahoo Finance· 10 months agoEgypt’s Central Bank is hiking interest rates as the cash-strapped North African country continues to battle surging inflation and a depreciating currency. Egyptians, particularly working class ...
Moody's cuts Egypt's rating to Caa1 from B3
Reuters via Yahoo Finance· 8 months agoOct 5 (Reuters) - Global ratings agency Moody's on Thursday downgraded Egypt's rating to Caa1 from B3, citing Egypt's worsening debt affordability trend and persistent foreign currency shortages ...
Egypt's inflation continues to surge as food prices rise
Associated Press via Yahoo News· 1 year agoEgypt's annual inflation surged to a new high in January as the country continues to battle ongoing...
Dollar Black Market Seizes Up in Egypt as Devaluation Hits Trade
Bloomberg via Yahoo News· 1 year ago(Bloomberg) -- Egypt’s black market in US dollars appeared to screech to a halt Wednesday, as...
Analysis-Egypt's stumbling economy faces new pressures from Gaza crisis
Reuters via Yahoo News· 7 months agoEgypt's struggling economy faces new risks as the war in the neighbouring Gaza Strip threatens to...
UPDATE 1-S&P pushes Egypt's rating deeper into junk amid funding pressures
Reuters via Yahoo Finance· 8 months agoGlobal ratings agency S&P on Friday downgraded Egypt's long-term sovereign credit rating by one notch to "B-" , citing the country's mounting funding pressures. Egypt is battling an economic ...
Egypt's bonds fall after Moody's credit rating downgrade
Reuters via Yahoo Finance· 1 year agoLONDON, Feb 8 (Reuters) - Egypt's dollar-denominated government bonds fell on Wednesday after ratings agency Moody's cut the country's credit rating from B2 to B3 late on Tuesday, citing its ...
Companies skeptical about Egypt's push to ease industry ties
Associated Press via Yahoo News· 1 year agoIn Egypt, state-owned companies bottle water, make dry pasta and cement, and run gas stations and...
