#economy
After steady economic reforms, S&P Global Ratings, an American credit agency that analyzes stocks and bonds, has raised Egypt’s long-term credit rating from B- to B, marking its first upgrade in seven years. In its statement, the agency noted that Egypt’s recent economic reforms, including the liberalization of the foreign exchange system, have boosted tourism and remittances. It also pointed to strong foreign investment in 2024, led by a USD 35 billion (EGP 1.6 trillion) real estate deal with…
