BMI, a Fitch Solutions company, expects Egypt’s tourism sector to maintain its growth trajectory through 2030, according to a report published by the Information and Decision Support Center (IDSC).
Updated 9/17/2026 11:26:00 AM
Fitch Ratings expects Egypt’s current account deficit to narrow to 2.7% of gross domestic product (GDP) in fiscal year (FY) 2026/2027 from around 3.4% in FY 2025/2026.
Updated 9/13/2026 11:55:00 AM
Fitch Ratings estimated the value of Egypt’s Islamic finance industry at over $40 billion at the end of the first half (H1) of 2026, expecting Gulf investment, sovereign funding needs, economic diversification, and regulatory reforms to support further growth in H2 2026 and 2027, the agency said in a non-rating action commentary.
Updated 9/10/2026 3:32:00 PM
Egypt’s exchange-rate flexibility has alleviated the impact of moderate capital outflows on the country’s foreign exchange (FX) reserves, limiting the effects of the US-Iran war on the country’s ‘B’/stable sovereign rating, Fitch Ratings noted in its latest report.
Updated 5/17/2026 2:49:00 AM
Egypt ranks third among 18 markets in the Middle East and North Africa (MENA) region and 27th globally out of 202 markets in terms of investment openness.
Updated 4/14/2026 11:16:00 AM
Egypt’s banking sector is well-positioned to resist the effects of the Iran-US conflict due to healthy capital, profitability, and foreign-currency liquidity, according to a report issued by Fitch Ratings.
Updated 3/17/2026 7:37:00 AM
Fitch Solutions praised Egypt's success in attracting the largest number of automotive investments in the MENA region during 2025.
Updated 1/20/2026 9:24:00 AMThe cabinet’s Information and Decision Support Center (IDSC) highlighted a new report from Fitch Ratings projecting continued growth in Egypt’s tourism sector through 2026, building on the strong rebound recorded in recent years and the momentum expected in 2025, as per a statement.
Updated 12/2/2025 2:34:00 PM
Egypt’s investment landscape witnessed a crucial update in October 2025 when Standard & Poor’s (S&P) upgraded the country’s long-term credit rating to ‘B’ from 'B-'. This marks the first upgrade from the agency in years and serves as a crucial external validation of the country’s necessary economic adjustments.
Updated 10/16/2025 2:17:00 AM
S&P Global Ratings has upgraded Egypt’s long-term sovereign credit rating to ‘B’ from 'B-', while Fitch Ratings affirmed its ‘B’ rating; both with a ‘stable’ outlook.
Updated 10/12/2025 4:46:00 AM
BMI, a Fitch Solutions Company, expects the Central Bank of Egypt (CBE) to cut its deposit rates by 200 basis points (bps) in the fourth quarter (Q4) of 2025.
Updated 9/18/2025 8:59:00 AM
Egyptian banks’ net interest margins (NIMs) are expected to withstand the impact of major interest rate cuts likely to be introduced by the Central Bank of Egypt (CBE) this year.
Updated 2/20/2025 9:22:00 AM
Fitch Ratings has upgraded the long-term issuer default ratings (IDRs) of four major Egyptian banks to 'B’ from ‘B-,' with a stable outlook.
Updated 11/19/2024 4:18:00 PM
Fitch Ratings has upgraded Egypt's long-term foreign-currency issuer default rating (IDR) to 'B' from 'B-', with a stable outlook, citing significant improvements in the country's external finances, fiscal policies, and economic resilience.
Updated 11/2/2024 10:23:00 AM
Fitch Ratings has upgraded the outlook of four Egyptian banks’ long-term issuer default ratings (IDRs), namely the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, and Commercial International Bank (CIB), from stable to positive, affirming IDRs at B-.
Updated 5/19/2024 7:21:00 AM
Fitch Ratings has revised Egypt’s outlook to positive from stable, affirming the country’s long-term foreign-currency issuer default rating (IDR) at ‘B-’.
Updated 5/4/2024 10:06:00 AM