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Qatar’s credit rating drops dramatically Moody’s has today changed the outlook on Qatar’s banking system to negative from stable due to the weakening operating conditions and continued funding pressures facing Qatari banks. The outlook also captures the potential weakening capacity of the Qatar government to support the country’s banks. The outlook expresses Moody’s expectation of…
Egypt’s economic status continues to deteriorate under Abdel Fatah el-Sisi, the military dictator who forcibly removed the nation’s first Democratically elected president from office, Mohammed Morsi, at the point of a gun. By Ray Hanania Egypt’s economy continues to plummet according to an assessment released this week by Moody’s Investors Services which monitors, accredits and…
