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" Fitch"

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Business - Economy
7/17/2022 1:47:57 PM
Fitch Solutions upgraded its projections for Egypt’s real GDP growth slightly to 6.1 percent during 2022, up from the six percent projected a month ago, according to the MENA Key Themes 2022: Mid-Year Review MENA Monthly Outlook Report.

Business - Economy
7/8/2022 10:08:00 PM
The International Monetary Fund (IMF) concluded on Thursday a staff-level mission to Egypt – through a team led by IMF mission chief for Egypt Celine Allard – to discuss a new loan programme with Egypt, the Fund announced on Friday.

Business - Economy
6/19/2022 3:14:32 PM
Fitch Solutions revised down Egypt’s real GDP growth for the upcoming FY2022/2023 — Which starts on 1 July — to 4.9 percent, down from the 5.5 percent it initially projected.

Business - Economy
5/15/2022 2:28:10 PM
Fitch Solutions revised up Egypt’s real GDP growth forecast by 0.1 percent for 2022 to reach 5.6 percent, up from the 5.5 percent it projected in April, according to Fitch Solutions’ MENA Monthly Outlook Report.

Business - Economy
5/8/2022 8:47:32 PM
Egypt’s net international reserves (NIRs) rose slightly in April to $37.1 billion, up from $37 billion posted in March, the Central Bank of Egypt (CBE) announced on Sunday.

Business - Economy
4/21/2022 6:26:57 PM
Fitch Ratings has affirmed Egypt's long-term foreign-currency issuer default rating (IDR) at B+ with a stable outlook, the credit rating agency announced on Thursday.

Business - Economy
4/12/2022 3:36:45 PM
Sukuk issuance globally grew by 11.6 percent in value in the first quarter (1Q) of 2022 to post $64.5 billion, driven by sovereigns and multilateral institutions despite the ongoing challenges, Fitch Ratings said in a report on Tuesday.

Business - Economy
4/4/2022 4:45:33 PM
Fitch Solutions upgraded Egypt’s real GDP growth forecast to 5.5 percent in 2022, up from the 5.3 percent it projected in February, which is the government’s target for the year, according to Fitch Solutions’ MENA Monthly Outlook Report.

Business - Economy
2/16/2022 2:53:59 PM
The global sovereign debt is expected to maintain its increase through the end of 2022 to reach $88 trillion, Fitch Ratings stated in a report released on Wednesday.

Business - Economy
2/13/2022 3:00:41 PM
Fitch Solutions revised up Egypt’s real GDP growth forecast to 5.3 percent in both the current FY2021/22 and FY2022/23, up from the 5 percent it expected for Egypt in FY2021/22.

Business - Economy
1/13/2022 9:00:23 PM
Egyptian banks’ Viability Ratings (VRs) could come under pressure if the banks’ foreign assets continue to drop, Fitch Ratings said in its insights published on Thursday.

Business - Economy
1/11/2022 2:45:49 PM
The total Islamic bonds (sukuk) issued in 2021 worldwide grew significantly by 36.1 percent Y-o-Y to reach $252.3 billion, with central banks, governments, and multilateral institutions dominating sukuk issuances, Fitch Ratings said on Tuesday.

Business - Economy
12/15/2021 1:15:47 PM
Foreign investments in Egypt’s local-currency debt instruments market have rebounded after experiencing a drop amid the pandemic, helping the country to finance its larger current account deficit resulting from continued strong domestic demand and a decline in tourism revenue, which has also begun to recover, Fitch Ratings said in a new report.

Business - Economy
12/8/2021 4:31:05 PM
Fitch Ratings has lowered its global GDP growth projections for 2022 by 0.3 percent since its September global economic outlook to 5.7 percent.

Business - Economy
10/24/2021 5:24:34 PM
Fitch Solutions has maintained its projections for Egypt’s real GDP growth and inflation during 2021 at 3 percent and 5.1 percent respectively.

Business - Economy
10/14/2021 2:00:00 PM
Fitch Ratings expects sukuk momentum to go on over the medium term fuelled by investor appetite, funding diversification and refinancing needs.

Business - Economy
9/5/2021 2:55:41 PM
Fitch said that Egypt and UAE are the only countries in the region to maintain progress in their recovery from the pandemic and on their economic reform trajectory

Business - Economy
8/15/2021 1:50:00 PM
Fitch also predicted that Egypt’s interest rate will average at 9.25 percent and the US dollar will be traded at EGP 16.20

Al-Ahram Weekly - Economy
8/10/2021 8:59:47 PM
Director of financial institutions at Fitch Ratings Zeinab Abdallah outlined the findings of its recent report on Egypt’s banks

Business - Economy
8/4/2021 2:09:48 PM
Pressures on the Egyptian banks’ credit profiles and viability ratings have eased after improvements to the operating environment were made by the end of the third quarter of 2020

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