Egyptian Finance Minister Mohamed Maait said that Moody’s changing the future outlook of the Egyptian economy from negative to positive paves the way for improving Egypt’s credit rating. He added that this is considered a certificate of confidence in managing the macroeconomic during this stage full of challenges. A Finance Ministry statement confirmed that Moody’s listed the bold measures taken by Egypt, which would help cover the financing gap until 2025/2026 and eliminate waiting lists for demand of the US dollar. The statement pointed out that Moody’s anticipates that transferring a portion of UAE deposits in Egypt to foreign direct investment would improve the situation of the banking s
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