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Moody’s downgrades Egypt’s credit rating deeper into junk territory
Moody’s yesterday (Thursday) downgraded Egypt’s credit rating by a notch to ‘Caa1’ from ‘B3’, citing the country’s worsening debt affordability, reported Reuters. Egypt has been facing an economic crisis with record inflation and a chronic [ More … ]
Egypt turns away Sudanese civilians fleeing conflict by new restrictions, report
Egypt’s new visa entry restrictions leave Sudanese asylum seekers in peril, says watchdog The Egyptian government’s decision in June 2023 to require all Sudanese to obtain visas to enter Egypt has reduced access to safety [ More … ]
Abbas leaves Cairo after meeting with Al-Sisi
Palestinian President Mahmoud Abbas left Cairo on Monday after a two-day visit to meet his Egyptian counterpart, Abd al-Fattah al-Sisi, and other officials. The meeting was attended by the Egyptian and Palestinian heads of [ More … ]