Moody’s Investors Service has lowered the outlook on Government of Egypt to ‘negative’ from ‘stable’ mainly due to increasing risks and difficult macroeconomic and exchange rate rebalancing. The rating agency affirmed the
Oil prices will surge further, impacting the global economy and investors, if U.S. President Joe Biden fails to cool rising tensions in the Middle East during his visit to the region, warned
Cyprus and Egypt currently face the most immediate credit risks than other countries rated by Scope Ratings due to the Israel-Hamas conflict, said the German credit rating agency. In its report ‘Hamas attacks
The offshore Aphrodite natural gas field developed in Cypriot waters will be connected to an existing processing and production facility in Egypt via a subsea pipeline, one of the partners in the
Chevron is seeking a drilling ship to explore for natural gas off Cyprus, Egypt and Israel as the US energy major looks to meet growing demand in the region and Europe. Chevron,
Egyptian President Abdel-Fattah El-Sisi and President Nikos Christodoulides agreed to launch a cooperation forum between the two nations to strengthen their bilateral relations. Christodoulides chose Egypt for his first official visit outside
Deepening relations in trade, economy, tourism and Energy will be the focus of a meeting in Cairo between President Nikos Christodoulides and Egypt’s Abdel Fattah al-Sisi. President Christodoulides, on his first major
Moody’s Investors Service has downgraded the long-term bank deposit ratings of five Egyptian banks by one notch, following the downgrade on Tuesday of the government’s issuer rating to B3 ‘stable’ from B2
That Cyprus-Egypt relations are at their highest level is an evaluation that represents an indisputable reality. We should go back in time to trace the relations of Cyprus with the Egypt of
Relations between Cairo and Nicosia are at their best and on an upward trajectory, said Egypt’s Ambassador Amr Hamza. Elaborating on ties between the two countries, the Ambassador told CNA: “The strength
