Browsing: Egypt

Saudi Arabia will pump five billion U.S. dollars into Egypt as a first phase of investment, the Egyptian cabinet said.

The United Arab Emirates (UAE) record-setting $35 billion investment in Egypt, which is about 10% of gross domestic product (GDP), has provided credit backstop

International Monetary Fund (IMF) staff and the Egyptian authorities have reached staff level agreement on a set of comprehensive policies and reforms needed to complete the third review under the Extended Fund Facility (EFF) arrangement.

Fitch Ratings has revised the Outlook on Egypt’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to Positive from Stable, and affirmed the IDR at

The Executive Board of the International Monetary Fund (IMF) completed the first and second reviews of Egypt’s Extended Fund Facility

Moody’s Ratings has changed the outlook on the Government of Egypt from negative to positive …

Energy giant, British Petroleum (BP) plans 1.5-billion U.S. dollar new investments for development and exploration activities in Egypt, the Egyptian presidency

Egypt is facing pressures from government’s rising external debt service schedule, which will peak at almost $30 billion in calendar 2024, Moody’s said in a

Africa Finance Corporation has signed a deal to provide a US$250 million Sharia-law-compliant trade loan facility

S&P Global Ratings on Friday said it downgraded Egypt to B-/B with a stable outlook. The agency previously had a B/B rating on Egypt, and in April had downgraded its outlook on the nation to negative.