Negative
Moody's has revised Egypt's outlook from "stable" to "negative" due to growing concerns about the country's credit profile but kept its credit rating unchanged at “Caa1.”
The agency attributed the change in its outlook to the inflation in the food prices, saying that if the government could not mitigate such raises in prices, it would cause “social tensions,” despite the foreign financial support of the Gulf States Council (GCC) and the prospect of a new IMF program.
The Quarantine authorities at Cairo International Airport barred a family coming from a Riyadh from entry, as did not submit a PCR test of their children.
In a brief statement, the Dhi Qar directorate said the woman tested negative for coronavirus.
The death toll since the novel virus emerged in Egypt now stands at 183, based on the latest data on Wednesday evening.
