Tag: S&P Global
S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank
The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE
Fitch Ratings downgrades Egypt’s sovereign credit rating
Egypt’s external financing risk has increased given the country’s high external financing requirements
Tunisia’s banking sector faces uncertain prospects, says S&P Global
Tunisia’s banks are navigating major uncertainty and significant macroeconomic pressure as the North African country seeks to secure an International Monetary Fund (IMF) to...
Egypt’s non-oil private sector shrinks further in November after devaluation
Egypt witnessed a deterioration in business conditions in November, the sharpest since the outbreak of the pandemic in early 2020, as inflationary pressures undermined...
Egypt business conditions contracts further in July. Here’s why
Business conditions in Egypt contracted further in July, albeit at a slower pace than the previous month’s two-year low, due to a decrease in...