Russian plane crash ‘credit negative’ for Egypt: Moody’s
The recent Russian plane crash in Sinai Peninsula is “credit negative” for Egypt, and will weigh on its tourism…
Browsing Tag
Moody’s
Gulf stock markets slip after S&P downgrade of Saudi debt
Gulf stock markets fell in early trade Sunday after Standard & Poor's downgraded Saudi Arabia's sovereign debt…
Moody’s: Egypt is second biggest insurance market in North Africa
Global rating agency Moody’s said Egypt comes second place after Morocco, the biggest insurance market in North…
Suez Canal’s revenues drop to $449mn in September
Egypt's revenues from the Suez Canal dropped to US$448.8 million in September from $462.1 million in August, the…
Moody’s: Egypt insurance market displays ‘untapped potential’ despite challenges
The future prospects for Egypt's insurance market are encouraging, as a result of the improving economic backdrop…
Moody’s: Drop in Egypt’s foreign reserves ‘credit negative
The steady drop of Egypt’s international foreign reserves is “credit negative,” according to a report released by…
Egypt’s finance minister off to IMF-World Bank Annual Meetings in Peru
Egyptian Ministry of Finance Hany Qadry is heading a delegation to attend the annual meetings of the International…
Corporate lending takes off in Egypt as cash-rich banks flex muscles
Egypt’s cash-rich banks proved themselves resilient through the years of upheaval that followed the 2011 revolution…
Moody’s: New funding for SME lending to diversify Egyptian banks’ revenues
The global rating agency Moody's stated Monday that the Egyptian banks have recently been receiving larger amounts…
International ratings agencies elevate Egypt’s rating in 1 year
Following consecutive downgrades of Egypt’s credit rating by international ratings agencies, an upward trend has…
