Fitch affirms Egypt at ‘B’; Outlook ‘Stable’
Fitch Ratings has affirmed Friday Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B'…
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Sisi approves $60 million Power Plant Loan
President Abdel Fattah al-Sisi has ratified a US$60 million loan agreement with the Saudi Fund for Development to…
Stocks inch up on First Day of Ramadan
Bourse traded higher Thursday, the first day of the Muslim holy month of Ramadan, posting gains worth 1.4 billion…
AfDB approves €50.20 million Loan to boost Egypt Agriculture
The African Development Bank (AfDB)’s board has approved Wednesday a €50.20 million (US$57.3 million) loan for the…
Orascom Construction completes Phase I of 250MW Power Plant
Orascom Construction has added 250 megawatts to Egypt’s national power grid at West Damietta power plant two weeks…
Egypt Trade Minister to speak at Russia’s Davos Forum
Minister of Industry and Trade, Mounir Fakhry Abdel Nour is to address St. Petersburg International Economic Forum…
National Bank of Egypt approves $91 million Finance for Oil Firm
The biggest stated-run bank, National Bank of Egypt has agreed to secure US$91 million finances for one the private…
U.S. Stocks turn Positive as Investors digest Fed Statement
U.S. stocks reversed early losses to trade mildly higher Wednesday as investors digested the Federal Reserve…
ECB raises Greek Bank Aid Ceiling, Sources say
The European Central Bank raised the ceiling on Greece's liquidity assistance from 83 billion to 84.1 billion…
Greece Stocks end at Lowest Level since 2012
European stock markets headed south Wednesday, as investors nervously digested the lack of progress in Greece’s…