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UK reviewing Muslim Brotherhood status: Cameron
Nov05

UK reviewing Muslim Brotherhood status: Cameron

British Prime Minister David Cameron said today [5 November 2015] the UK is urgently reviewing the status of Muslim Brotherhood and will publish its decision later this year. Cameron spoke to the news media while welcoming Egyptian President Abdel Fattah El-Sisi at Number 10 Downing Street. Asked when Britain would review its policy toward Muslim Brotherhood, described by the reporter as “the mother of all terroristic...

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QNB Alahli weathers Egypt crisis with stable rating
Aug06

QNB Alahli weathers Egypt crisis with stable rating

Egypt’s QNB Ahli, part of the QNB’s global investment portfolio, has weathered the financial and political upheavals in Egypt with strong ratings. The QNB group and other Qatari banks have a large presence in the City, London, and elsewhere in Europe. Capital Intelligence (CI), the international credit rating agency based in Cyprus, announced [6 August 2015] that it has affirmed QNB ALAHLI’s (QNB AA) Financial Strength...

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Egypt wins stable, long-term rating
Feb27

Egypt wins stable, long-term rating

Egypt’s Long-Term Foreign and Local Currency Sovereign Ratings of ‘B-’ and its Short-Term Foreign and Local Currency Ratings of ‘B’ have been affirmed in rating action by Capital Intelligence (CI) , the international credit rating agency based in Cyprus. CI also affirmed the outlook for Egypt’s ratings as ‘Stable’. CI said the affirmation of Egypt’s ratings takes into account: (a) the stabilisation of short-term financing...

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Mass sentencing in Egypt dismays Berlin
Feb05

Mass sentencing in Egypt dismays Berlin

Germany voiced its concern (5 February 2015) over the mass sentencing of 230 people to life imprisonment in Egypt. A Federal Foreign Office spokesperson in Berlin said, “Once again an Egyptian court has handed down a disproportionately harsh mass sentence to hundreds of defendants, a move which is a serious violation of their right to a fair and proper trial. The German Government urgently calls on the authorities in Egypt to...

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Egypt’s AAIB bouncing back, ratings show
Oct03

Egypt’s AAIB bouncing back, ratings show

Despite continuing upheavals and controversial government conduct that raises persistent questions on governance and fundamental rights in Egypt, the country’s financial workhorse, the Arab African International Bank, seems to be doing fine. To the relief of European and other investors, the latest AAIB ratings announced by Capital Intelligence show the bank’s financial strength outlook has moved from...

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