Hend El-Behary

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Moody’s AFP

Upgrading Egypt’s economic outlook stimulus for investments, growth rate

Since the 25 January Revolution, Egypt’s economic outlook was downgraded several times by international credit rating agencies. The downgrades came about due to violence and political instability, which took a massive toll on investments and foreign reserves. In the wake of calls for protests on 30 June, Egypt’s economy saw a credit ratings cut on 21 …

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