Global Economy

The ratings agency also maintained the negative outlook
19 August 09:32 PM Moody's downgrades Tunisia’s credit rating
Mubasher: Moody's Investors Service has downgraded the long-term issuer rating of the government of Tunisia to B1 from Ba3 and maintained the negative outlook, according to a recent report. The ratings agency has also downgraded the foreign …
Fitch also maintained the positive outlook
19 August 09:28 PM Fitch upgrades Greece's credit rating
Mubasher: Fitch Ratings has upgraded Greece's long-term foreign-currency issuer default ratings to 'B-' from 'CCC', and maintained its positive outlook, according to a recent report. The ratings agency attributed the rating upgrade to a reduced …
The US dollar is overvalued by 10% to 20%
28 July 09:21 PM USD is overvalued, EUR broadly in line - IMF
Mubasher: The International Monetary Fund (IMF) said in a report on Friday that the US dollar real effective exchange rate is overvalued by 10% to 20% compared to the United States medium-term fundamentals. Meanwhile, Euro is broadly in line with …
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
The UAE led the list of the countries that implement infrastructure projects with $427 billion
14 July 06:05 PM UAE, Saudi top states in infrastructure projects – BMI
Mubasher: The UAE led the list of the countries that implement infrastructure projects with $427 billion, according to a report by Business Monitor International (BMI). Saudi Arabia ranked second with a value of $328 billion, while Egypt ranked …
German exports amounted to EUR 108 billion
10 July 06:59 PM German exports hit record high in May
Mubasher: German exports surged to a new record high in May, reflecting a recovery in global demand since the beginning of the year. According to a report issued by the Federal Statistical Office of Germany (Destatis) on Monday, the value of …