International credit rating agency Standard & Poor's (S&P) did not change Egypt's credit note. S&P announced Egypt's 'stable' credit note, which decreased to CCC+ trash level 10 weeks ago, would not change after first elected president of Egypt Mohamed Morsi was ousted on July 3, 2013. It said equivalent to Egypt's credit negotiations on $4.8 billion with International Monetary Fund (IMF), recent condition in the country has been slowed down with gulf countries' $12 billion subsidy. The possibility decreased to face problems in balance of foreign payments of Egypt besides Qatar's former $3.7 subsidy to the country, S&P said and stressed Egypt's drawing money was based on donations. S&P added if Egyptian officials failed to recover the country's foreign, financial and monetary condition, credit note of the country could be decreased, again.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor