Egypt: Moody's outlook negative on local currency bonds, stable on foreign currency country ceiling

Article Abstract:

Moody's Investors Service lowered its rating on Egypt's local currency bond from stable to negative, as growth has slowed and the government's budget position has been deteriorating in recent years. The ratings service anticipates that Egypt's ratio of government debt to gross domestic product will approach 100% over the next two years. The rating on foreign currency country ceiling remains stable.

Evaluation, Economic aspects, Bonds, Bonds (Securities)

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Egypt is an expanding market for environmental technologies

Article Abstract:

The Egyptian authorities are taking steps to deal with the numerous environmental difficulties, such as air pollution, faced in the country. It is estimated the expenditure of environmental technology equipment will increase from $704 million in 1997 to $774 million in 1998.

All Other Miscellaneous Waste Management Services, Sanitary services, not elsewhere classified, Environmental Control NEC, Equipment and supplies, Environmental management, Environmental aspects, Pollution, Environmental policy

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Rapid infrastructure improvement creates growing Egyptian market for information technology and communications

Article Abstract:

The increase in information technology and electronic commerce in Egypt is discussed. Increased business potential has resulted from an improved infrastructure and communications links.

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