Moody's upgrades Egypt to a stable outlook Credit ratings agency, Moody's has upgraded Egypt's credit rating from Caa1 to B3. Moody's has awarded a stable outlook to Egypt. Under the leadership of President El-Sisi, Egypt has been seeing signs of recovery.  It...
Nile dams. The Nile River Basin Initiative can provide clean power to 375 million East African citizens. East Africa population may exceed 760 million people by 2030 (currently it is 375 million) – while Egypt’s population could exceed 140 million...
If ever a country had the gift of being placed in the best geographical position on the map, it is Egypt. There they are, with the Mediterranean to the north, the Suez Canal and the Red Sea to the east...
A new USD 1.6 billion agreement has been signed between Saudi Arabia and Egypt to link electricity grids between the two countries. Initially, an international tender for the project was planned in 2010. After facing a delay of several years...
  One of Egypt’s largest supermarket chains is reportedly in talks with Dubai retail giant for a potential sale of assets. According to Gulf Business, sources close to the deal reveal that Dubai-based firm Majid Al Futtaim (MAF) is in the...
On June 30, the focus of most people and governments were on the Tahrir Square, in Cairo, where the scheduled mass demonstrations were to be held in opposition to the Egyptian president, Mohamed Morsi, and against the dominance of...
To analyse a revolution is like analysing an earthquake. Both are unpredictable and tumultuous and are an outburst of unexpected expression which overturns the status-quo dramatically. That one is naturally occurring, while the other is manmade, does dampen the...
Global research firm IHS downgrades Egypt's banking sector to 'Significant Risk' on sovereign concerns. Sovereign risk constraint is 'significant' given the banking sector's substantial holding of sovereign debt, which stands at 40% of GDP. Outlook and implications. Bank-supplied credit to the economy...
Over the past weeks, I've been dismayed at the degree of intolerance and rigidity in the positions of quarreling parties within Egypt, with both taking defensive attitudes as they continue to not listen to each other. Hearts stiffened and...