business
![Fitch raises Egypt’s long-term foreign-currency rating to ‘B’ with stable outlook](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Egypt-Fitch.jpg/w=1024,h=682)
The agency highlighted improvements in external finances driven by notable foreign investments and strengthened policy initiatives
![Ras Al Khaimah, U.K. Government strengthen partnerships across key trade, investment sectors](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/RAK-UK3.jpg/w=1024,h=683)
The partnership aims to enhance industrial cooperation and facilitate two-way trade between Ras Al Khaimah and the U.K.
![IMF to review Egypt’s loan program as GDP growth projected at 4.2 percent for FY2025](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/IMF-Sisi-1-1.jpeg/w=1024,h=683)
Georgieva noted that Egypt's inflation reached 37 percent in 2023 but has decreased to between 25 percent and 26 percent
![Oil prices rise as OPEC+ extends production cuts, impacting U.S. election and Chinese stimulus expectations](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Oil-prices-1.jpg/w=1024,h=682)
Brent futures had risen by $1.18 per barrel, translating to a 1.61 percent increase, reaching $74.28 per barrel
![FII8 conference concludes with global launches, investments and initiatives](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Board-of-changemakers-1.jpg/w=1024,h=683)