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Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns
Kuwait rolls over USD 4 bn CBE deposit -report
The two-tranche deposit is now set to mature in April and September next year
Inflation eases for the first time in five months in October, slower than analyst expectations
Food inflation slowed for the first time since April
A case for optimism on the EGP
Some USD 8 bn could be raised in the coming months via asset sales, liabilities agreements, and government initiatives
Egyptian stocks, gold hit record highs on currency fears
We love the smell of optimism in the morning. Yes, there’s a risk that we just let our inner Pollyanna…
US interest hikes are wreaking havoc in emerging markets, and we’re unlikely to be immune
The sovereign debt of almost a quarter of developing countries is now trading at distressed levels, says World Bank
How will Israel’s war on Gaza impact the local tourism industry?
Officials voice their optimism on tourism despite war in Gaza
We’re on track to meet tourism targets despite Gaza war, says Issa
Less than 10% of bookings have been canceled in the four weeks since the start of the conflict
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