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Moody’s downgrades Egypt’s sovereign credit rating on rising debt fears
The rating agency downgraded the rating to Caa1 with a stable outlook, four notches above default
Egypt must devalue or risk “bleeding” reserves -IMF chief
Kristalina Georgieva suggests there could be news in the coming weeks on when we can expect a review of progress…
Two banks just stepped up overseas FX restrictions
Elab, Ethydco and EDC stake sales could happen by year’s end and ACUD is looking for a global advisor for…
Intesa Sanpaolo lowers its 2023 growth forecast for Egypt
The Italian bank is the latest to lower expectations for the country’s growth growth due to the ongoing economic crisis
Net foreign asset position improves slightly in August
FX liquidity in the banking sector deteriorated during the month
Are we about to see an exodus of foreign teachers from Egypt’s international schools?
Teachers have long been complaining about their shrinking salaries as inflation + the deval bite
The road to the IMF review
The election is complicating the review, and is leaving little time for it to be completed before next year
Surviving Nuclear Winter: What’s the state of funding in Egypt?
Uncertainty has created a challenging environment for firms looking for funding — and for those looking to deploy capital
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