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Eggs are displayed in a Manhattan grocery store last month. Inflation eased in February but it’s still too high for
China recently released staggering figures for domestic travel and spending during the Chinese Lunar New Year holidays, signaling a robust
Global credit rating agency Moody’s Investors Service has altered the outlook for five Egyptian banks, bringing their long-term deposit ratings to negative from stable. These five banks are the National Bank of Egypt, Banque Misr, Banque du Caire, Commercial International Bank Egypt, and ALEXBANK. Moody’s added in the statement that it has maintained the long-term …
The post Moody’s alters outlook for five Egyptian banks to negative appeared first on Egypt Independent.
Egypt’s Finance Ministry assured that the government is working to manage macroeconomic risks with flexibility to contain successive external shocks, and is dealing in a balanced and careful manner with the negative impact of geopolitical tensions on economic activity. In a Friday state the government added that it is keen to meet the basic needs …
The post Egypt responds to Moody’s changing its future outlook to negative appeared first on Egypt Independent.
