Egypt May Convert Gulf Funds into Bonds
Egypt could convert part of the USD12bn of loans and grants pledged by Gulf nations this week into tradable bond…
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Financial Institutions
IMF Says No Discussions with Egypt’s Interim Government
The International Monetary Fund on Thursday said it was not currently discussing a possible loan with Egypt's…
Fitch Downgrades Two Egyptian Banks to ‘B-‘; Outlook Negative
Fitch Ratings has downgraded National Bank of Egypt's (NBE), its wholly-owned subsidiary, National Bank of Egypt…
Fitch Cuts Egypt Rating to B- on Political Worries
Egypt’s credit rating was cut by Fitch Ratings on concern that the ouster of President Mohamed Morsi will damp…
Egypt Debt Insurance Costs Fall Sharply-Markit
The cost of insuring Egypt's debt against default fell on Friday for the second day in succession after the…
Egypt Bonds Slump as Pound Forwards Drop After Morsi Defies Army
Egypt’s benchmark bonds tumbled, pushing the yield to a record, as stocks and forward contracts for the pound…
Fitch Joins Others in Cutting China Forecast
Fitch Ratings on Wednesday cut its forecast on China's 2013 economic growth to 7.5% from its previous projection of…
Marine Insurance Committee to Discuss the fallout of Ethiopia Dam
Essam Rashed, head of Marine Hull Insurance Committee and general manager of Marine Insurance sector at Suez Canal…
Global Financial Institutions’ Aids To Egypt Are Subject To Signing IMF Loan
The global financial institutions await the signing of the International Monetary Fund (IMF)’s loan agreement with…
Egypt Faces External Payments Pressures, Political Weaknesses; Moody’s
The Caa1 ratings and negative outlooks of Egypt and Pakistan are driven by a mix of external payment pressures and…