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…
Browsing Tag
political instability
Egypt’s Main Gauge Sinks 2.8%, Hits 4-Month Low
Egypt market has incurred losses of EGP 8.4 billion driven by the local selling pressures on Sunday. Consequently,…
IMF Lowers Growth Forecasts For Egypt Economy To 2%
The International Monetary Fund (IMF) cut its 2013 growth forecast for the Egyptian economy to 2% in its April 2013…
Egypt’s Morsi Plans Russia Trip, Wheat And Oil In Focus
Egyptian President Mohamed Morsi will visit Russia next week, a state-run newspaper reported on Friday, in a visit…
Driven By Political & Market Instability, EGX 30 Dives 6.66% In Q1/13
During the first quarter of 2013, the Egyptian Exchange has incurred losses of EGP 20 billion as the capital market…
Al-Kharafi: Egypt Is The Best Arab Country Attracts Investments
Jassem Al-Kharafi, the former Chairman of the Kuwaiti National Assembly, said Egypt is the best Arab country in…
EGX 30 Retreats To 5690 Pts On Foreign Sellers; Monday Closing
The Egyptian Exchange (EGX) has ended Monday’s session posting losses of EGP 1.04 billion driven by foreign selling…
Xceed To Achieve A Growth Rate of 15% in 2012
Xceed for outsourcing services aims to achieve a growth rate of 15% by the end of this year, by increasing the…
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