Ratings agencies downgrade UK credit rating after Brexit
The UK has lost its top AAA credit rating from ratings agency S&P following the country's Brexit vote. S&P…
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Despite insecurity, Egypt’s banking sector is stable: Moody’s
Despite Egypt's government debt, which accounts for 88% of the GDP, a budget deficit of 11.5%, and 26.3% poverty,…
Egypt’s Carbon Holdings close to secure funds for $7bn petchems project
Egypt’s Carbon Holdings has secured agreement with one of the four export credit agencies expected to provide…
NBE, AlexBank to secure $33.7mn credit facility for Alexandria Business Association
Non-profit Alexandria Business Association (ABA) is set to receive credit facilities of 300 million Egyptian pounds…
Alexandria Business Association to get $33.7mn facilities from two banks next month
Alexandria Business Association (ABA) is set to get credit facilities of 300 million Egyptian pounds from ($33.7…
Moody’s upgrades Argentina as end to creditor battle nears
Moody's bumped up Argentina's credit rating one grade to "B3" on Friday due to "economic policy improvements" under…
Trump’s hotel chain faces another credit card system crack
Republican presidential candidate Donald Trump's string of luxury hotel properties, The Trump Hotel Collection,…
Egypt’s National Bank allocates $45mn for three leasing companies
National Bank of Egypt, the biggest state-owned bank, is studying arranging 400 million Egyptian pounds ($ 45…
Moody’s cuts Brazil credit rating to junk
Moody's became the third big agency to cut Brazil's credit rating to junk Wednesday, citing mounting debt and…
Egypt to receive €40 million line of credit from France
President Abdel Fattah al-Sisi issued a presidential decree approving a deal enabling Egypt to receive €40 million…
