S&p Cuts Egypt's Credit Ratings

CAIRO (AP) — Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves.

Sections:  news   world   
RELATED ARTICLES
  • Ghana impounds 'faulty condoms'
    More than 110 million Chinese-made condoms are seized in Ghana after laboratory tests revealed they had holes and burst easily. More
  • Nigeria tycoon 'plans $8bn refinery'
    Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
  • Mubarak ordered back to prison
    Former Egyptian President Hosni Mubarak has been ordered back to prison from military hospital. Mr Mubarak's retrial will open on 11 May, a Cairo appeals court says. More
  • African growth 'to outpace world'
    Sub-Saharan Africa's economic growth is set to outpace the global average over the next three years, according to the World Bank. Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent's growth to more than 5%. More
BING NEWS:
  • UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
    On a sweltering late-summer evening last year in southern Egypt, the country’s most storied hotel was bustling once again, hosting personalities with ambitions of shaping the world. In the more than a ...
    04/26/2024 - 5:00 pm | View Link
  • EXCLUSIVE: Inside Egypt's secret scheme to detain and deport thousands of Sudanese refugees
    Thousands of Sudanese refugees who escaped to neighbouring Egypt have been detained by Egyptian authorities in a network of secret military bases, and then deported back to their war-torn country ...
    04/25/2024 - 6:26 am | View Link
  • Egypt’s external debt surges to $168 billion by December 2023
    Egypt's financial difficulties have eased in recent months, following the acquisition of $57 billion in funding from international financial institutions and regional allies. Egypt's external debt ...
    04/25/2024 - 4:23 am | View Link
  • Türkiye Cenbank Holds Rates at 50% Citing Last Big Hike
    Türkiye's central bank kept its main interest rate steady at 50% on Thursday as expected, citing a big tightening in financial conditions since its last hike, and again pledged to tighten policy more ...
    04/25/2024 - 2:24 am | View Link
  • Egyptians face daily power cuts ahead of hot summer
    Egyptians faced electricity shortages this week after the government resumed daily power cuts in an attempt to save money. The daily power cuts, lasting up to two hours between 11am and 5pm, resumed ...
    04/17/2024 - 4:00 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News