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" Credit"

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Business - Economy
5/19/2024 10:43:56 PM
Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.

Business - Economy
5/4/2024 6:47:00 PM
Fitch Ratings upgraded its outlook for Egypt's Long-Term Foreign-Currency Issuer (LFTC) to positive from stable while affirming its issuer default rating at B-, the credit rating agency announced in its report on Egypt on Friday.

Business - Markets & Companies
4/30/2024 12:32:44 PM
Beltone Investment Holding (BIH), a subsidiary of the financial solutions provider in the Middle East and North Africa Beltone Holding, announced on Tuesday launching a $100 million (EGP 5 billion) private credit platform to address the unique financial needs of Egyptian export champions.

Al-Ahram Weekly - Egypt
3/28/2024 11:24:00 PM
Moves to increase the ceiling on foreign currency transactions on Egyptian credit cards have been hailed by individuals and startups.

Sports - Talents Abroad
3/19/2024 10:46:19 PM
Eintracht Frankfurt and Egypt winger Omar Marmoush heaped praise on his Egyptian teammate Mohamed Salah on Tuesday, crediting the Liverpool star with his development on and off the pitch.

Business - Economy
3/18/2024 10:36:03 PM
Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Wall Street traders envision higher stock prices. Consumers are looking for a break on credit card debt at record-high interest rates.

Sports - World
3/11/2024 8:10:29 PM
Arsenal manager Mikel Arteta said a thrilling contest between Liverpool and Manchester City lends even more credit to the fact his side sit top of the Premier League with 10 games to go.

Business - Economy
3/8/2024 2:16:58 PM
Credit-rating company Moody's Ratings (Moody's) has revised the outlook on Egypt to positive from negative amid game-changing economic measures, including the flotation of the Egyptian local currency and an increase in interest rates.

Business - Economy
3/6/2024 1:02:19 PM
The Central Bank of Egypt (CBE) has instructed local banks to lift the spending limit on foreign currency credit cards. The decision is part of a broader economic reform programme implemented by the CBE and the government, with the backing of international partners.

Sports - Talents Abroad
2/20/2024 9:50:08 PM
Frankfurt's Omar Marmoush Egyptian forward expressed his deep appreciation for his coach at Frankfurt, Dino Toppmöller, emphasizing how much he owes him for his significant improvement in scoring skills.

Business - Economy
2/12/2024 1:13:33 PM
The Central Bank of Egypt (CBE) released a series of measures meant to regulate the use of credit cards by Egyptians abroad. Under the new instructions, customers who fail to provide documented evidence of credit card use during their stay abroad within a maximum period of 90 days will be subject to a series of measures, including the suspension of their credit card and being listed on a platform managed by the Egyptian Credit Bureau.

AFCON 2023 - News
2/4/2024 7:13:18 PM
South Africa goalkeeper Ronwen Williams says preparation was key to his saving four of the five penalties he faced in a shootout to help the Bafana Bafana reach the Africa Cup of Nations semifinals.

Business - Economy
1/22/2024 6:05:09 PM
Global credit rating agency Moody's has expected the International Monetary Fund (IMF) to increase its existing $3 billion loan programme for Egypt to $10 billion, according to a recent report by the agency.

Business - Economy
1/19/2024 4:32:33 PM
Egypt’s Ministry of Finance Mohamed Maait stressed that the latest decision of global rating agency Moody's that fixed the country’s sovereign’s credit rating at Caa1 and revised its future outlook to negative “did not take into account the government’s current efforts.”

Business - Economy
1/18/2024 10:25:07 PM
The Central Bank of Egypt (CBE) extended the instructions mandating banks to allocate 25 percent of their credit facilities portfolio to micro, small, and medium-sized enterprises (MSMEs) for one year starting 1 January 2024, according to a circular on Thursday.

Business - Economy
1/17/2024 6:00:00 PM
Al Baraka Bank Egypt and EG-Bank on Tuesday suspended international credit cards cash transactions amid a severe hard currency shortage in Egypt, according to the banks’ websites.

Business - Economy
1/11/2024 7:36:44 PM
Some Egyptian banks have reduced foreign currency credit card spending limits, a banking source confirmed to Ahram Online on Thursday.

Business - Economy
1/4/2024 2:25:20 PM
Egypt’s non-oil private sector showed slower expansion at the end of last year as demand weakened further amid currency depreciation and high inflation, according to data released by the American credit rating agency Standard and Poor's (S&P) on Thursday.

Business - Economy
12/26/2023 7:49:02 PM
Egypt Post has suspended foreign currency withdrawals and purchases through EasyPay cards, according to SMSs sent to clients’ mobile numbers.

Sports - Talents Abroad
12/16/2023 2:10:25 PM
Former Arsenal player and currently famous football commentator Paul Merson believes that Liverpool’s star winger Mohamed Salah doesn't get the credit he deserves, stressing that seeing the Egyptian international netting 200 goals for the Reds is extraordinary.

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