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Financial Institutions
S&P cuts Greece Credit Rating, ‘Negative’ Outlook
Standard & Poor's Ratings Services decidedon Wednesday to cut Greece's long-term credit rating to CCC-plus from…
IMF raises Egypt’s Economic Growth Outlook to 4% in 2015
Egypt’s economy is projected to improve by 4.0 percent in 2015, according to the semi-annual World Economic Outlook…
IMF: Slowing Emerging-market Growth is sapping Global Economy
Global economic growth will climb only marginally this year as slowing output in major emerging markets and a…
SFD targets New Loan from Kuwait Fund to support Egypt Small Projects
Egypt’s Social Fund for Development (SFD) is negotiating for a new loan worth US$100 million from Kuwait Fund for…
Moody’s downgrades General Electric’s Debt after News to exit GE Capital
Moody's Investors Service downgraded on Friday General Electric Co.'s senior unsecured debt rating to A1 from Aa3,…
Greece pays IMF Loan due in April – Government Source
Greece has met the deadline for paying its loan to the International Monetary Fund (IMF) due this April, a senior…
Suez Canal Insurance wins Arish Cement Plant’s EGP2.2 billion Policy
Suez Canal Insurance, a leading Egyptian composite insurer, will provide insurance cover for the second phase of El…
Egypt secures $199.4 million Loan from Kuwait Fund
Egypt has signed a loan agreement worth 60 million Kuwaiti dinars (around US$199.4 million) with the Kuwait’s…
Egypt’s Reforms bear Fruit amid Moody’s Credit Boost
Egypt’s recent efforts aimed at reviving its ailing economy are beginning to pay dividends after Moody's decided to…
BREAKING: Egypt gets Credit Boost to B3: Moody’s
Moody’s Investors Service raised Tuesday its credit rating on Egypt by a notch to B3 from Caa1, citing improved…