Fitch upgrades Egypt’s credit rating to B+ testifies to the Egyptian government, testifies Egyptian government’s success in …
credit
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A proposed change to the way Egypt taxes bank profits could encourage lenders to boost credit to …
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FeatureFinancial Institutions
Egypt’s movable collateral registry collects 14,000 assets since March: I-Score
Egypt’s registry for movable assets, launched earlier mid-March this year, had collected 14,056 collaterals worth around 424 …
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Moody’s Investors Service upgraded its outlook of the Egyptian banking system to positive from stable.
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Moody’s Investors Service says in a recent report that Egypt’s fuel price hike is credit positive, as …
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Industry & Trade
Amendments to Egypt Capital Markets Law credit positive for banks: Moody’s
by Yomna Yasserby Yomna YasserThe amendments passed by Egypt’s parliament last week to the Capital Markets Law are credit positive for …
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Financial Institutions
Egypt’s external debt reaches $79 bln at end-2017: FinMin
by Yomna Yasserby Yomna YasserEgypt’s Finance Minister stated Tuesday that the external debt reached $79 billion at the end of 2017, …
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Financial Institutions
Fitch Ratings revises Egypt’s outlook to positive, affirms at ‘B’ rating
by Yomna Yasserby Yomna YasserFitch Ratings revised the outlook for Egypt’s Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) to positive …
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Financial Institutions
S&P cuts China’s credit rating, citing increasing economic, financial risks
by Yomna Yasserby Yomna YasserS&P Global Ratings downgraded China’s long-term sovereign credit rating by one notch on Thursday to A+ from …
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BLOM Bank Egypt, the Egyptian arm of Lebanon’s lender BLOM, has recently launched its asset management unit, …