Fitch: Egypt’s ratings stabilised but rapid recovery unlikely
Egypt’s Long-term ratings of ‘B-’ are low and reflect substantial risks and…
Fitch raises Egypt’s economic outlook to stable
The ratings agency keeps the country’s long-term foreign and local currency sovereign…
2014 outlook broadly stable for GCC banks; regional unrest a threat elsewhere in Middle East: Fitch
Fitch believes that impairment charges should fall, leading to a gradual improvement…
Egyptian banks register profits despite economic uncertainties
Faisal Islamic Bank of Egypt announced net profits worth EGP 370.816m in…
Finance minister directs Gulf aid to foreign reserves and state budget
Expert: Value of aid is “economically misleading” and unlikely to raise the…
Moody’s: Gulf aid is “credit positive”
Qatar, meanwhile, had granted Egypt $2.5bn in loan last January, and extended…
Post-Morsi economy: bullish or bearish?
Many domestic businessmen, however, disagree; a number have already expressed optimism since…
National Bank of Abu Dhabi 50th most secure bank globally: Global Finance
Bank makes top 50 ranking for fifth year in a row, also…