Egypt gets investment grade rating

Article Abstract:

Egypt's first-time investment grade ratings are regarded as a positive sign and a vote of confidence in the country's economy. Standard n Poor's (S&P) has given Egypt a triple-B-minus long term and A-3 short term foreign currency credit ratings. For its local currency, S&P assigned its single-A-minus long-term and A-2 short-term credit ratings. Its ratings put it in the same category as Eastern European countries and Southeast Asia's emerging economies. Among the factors that contributed to its ratings are its efforts toward fiscal restraint and its success in trimming its deficit to 1.3% of GDP.

Egypt, Credit ratings

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One of the world's best potential markets for electrical power equipment and related services

Article Abstract:

Issues are presented concerning the popularity of Saudi Arabia as a purchaser of electric power generation, distribution and transmission equipment. The importance of foreign investment in the sector is discussed.

Utilities, ELECTRIC, GAS, AND SANITARY SERVICES, Electric & Gas Utilities, Electric utilities, Saudi Arabia, Gas utilities, Power resources

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MIGA issued $1.4 billion in guarantees in past year despite FDI slowdown

Article Abstract:

The World Bank's Multilateral Investment Guarantee Agency has issued a guarantee coverage for projects in developing countries. The guarantee is valued at $1.4 billion.

Financial management, Middle East, World Bank, Finance, Company financing

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