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New forecasts from Standard Chartered, Goldman Sachs, and Fitch
The fresh forecasts came one week after the central bank moved forward with highly-anticipated reforms
Investors turn more bullish on Egypt’s economy as proceeds from Ras El Hekma sale enter state coffers
Egypt received USD 10 bn from Ras El Hekma sale over the weekend in addition to USD 520 mn from…
Fitch downgrades Egyptian banks’ operating environment score on ties to sovereign debt
Fitch estimates that about 50% of the total assets of Egypt’s banking sector are invested in government debt, creating a…
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
Fitch joins Moody’s, S&P in downgrading Egypt’s credit rating
The rating agency lowered its rating one notch to B- due to concerns over the currency and debt sustainability
A tale of two IPOs
PLUS: Abu Dhabi wealth fund Mubadala is heading to China
China slowdown, US banks weigh on global stocks
China’s central bank unexpectedly cut interest rates yesterday to arrest the country’s economic slowdown
Fitch downgrades credit ratings of four local banks
The banks now have a rating of B, down from B+
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