Tag: Fitch Ratings
Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’
The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”
Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘
The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025
Islamic funds’ assets under management fall on rate rises
The decline was driven by investor outflow mainly due to rising interest rates and financial market volatility.
Egypt gets $925 million from foreign investors after currency devaluation
Egypt received over $925 million in foreign-exchange inflows since 11 January 2023 when the pound plunged by 16% to an all-time low of 32.1...
Egypt’s inflation accelerates to 16.2% in October on soaring food costs
The latest data from Egypt’s CAPMAS showed that annual urban inflation accelerated to a four-year high of 16.2% in October and economists expect it...