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The rating agency lowered its rating one notch to B- due to concerns over the currency and debt sustainability
Author Archives: enterpriseam admin
Posted inEconomy
Economic growth almost halves to 3.8% in 22-23 –Planning Ministry
Egypt recorded growth of 3.8% in FY 22-23, with forecasts for FY 2023-24 at 4.2%
Posted inWAR WATCH
Blinken rebuffs Arab calls for ceasefire in Gaza as humanitarian crisis grows
Israel has also rejected a temporary ceasefire until Hamas releases all of the hostages
Posted inEducation
Four schools inaugurated at Cosmic Village
The four schools will be managed by the EEP, CIRA, and Eduhive
Posted inEARNINGS WATCH
CIB + Juhayna earnings jump in 3Q, 9M 2023
CIB saw its net income jump 89% y-o-y in 3Q 2023, while Juhayna’s net income more than doubled
Posted inDiplomacy
US Senate confirms Herro Mustafa Garg as new ambassador to Egypt
Garg will replace US chargé d’affaires Elizabeth Jones
Posted inLAST NIGHT’S TALK SHOWS
Last Night’s Talk Shows on war crimes in Gaza and the boycott movement
Amr Adib called on boycotters to reconsider
Posted inAlso on our Radar
More funding for Cairo Metro Line 4?
The NTA wants to secure an EGP 17 bn loan from local banks for Cairo Metro Line 4