by Marwa Yahya

CAIRO Kaufen Herren Nike Air Max 95 Weiß , Dec. 23 (Xinhua) -- Fitch Ratings upgrade of Egypt's credit rating shows confidence in the country's ongoing economic reforms and will likely lure more investments, experts say.

"Fitch's move means that Egypt's economic position is improving and domestic conditions are stabilizing," said Rashad Abdo, the head of the Egyptian Forum for Economic Studies.

The step cast its shadow on Egypt's stock market as the country's main index climbed 3.5 percent on Monday, after fall in the past two weeks over a drop in oil prices.

On Friday, Fitch Ratings raised Egypt's credit rating to "B" from "B-" with a "stable" outlook, saying the authorities seemed committed to major reforms.

"Fuel subsidy cuts and tax hikes have been implemented as part of a clear five-year fiscal consolidation strategy Bestellen Damen Nike Air Max 90 Leder Weiß ," the agency said in a statement.

"Power shortages are being tackled, overdue payments to oil companies reduced, investment laws revised and disputes with foreign investors settled," it added.

Egyptian President Abdel Fattah al-Sisi announced cuts on subsidies when he took office in May, the move which Sisi's predecessors were reluctant to take fearing public rage.

Fitch's decision came after Moody's Rating Agency and Standard & Poor's upgraded Egypt's credit rating, which signals "change of the world outlook, financial institutions in particular Herren Nike Air Max 97 OG GS Weiß Bestellen , at the country's economic conditions," Abdo told Xinhua.

It is the first time Fitch raised Egypt's credit rating after years of degrading. "It is a new message for local and foreign investment circles that Egypt is on the right track of the economic reform, and that it sets the stage for an environment attractive to investments after dealing with long-years deformity," Abdo explained.

Fitch's move should motivate the government to move forward with the reform procedures to gain the trust of investors, which in turn will raise the growth, achieve economic development, improve the income levels and address the unemployment problem Nike Air Max 97 Undefeated Militia Grün Günstig , he added.

Egypt has been struggling to revive its ailing economy over three years of turmoil which ousted two presidents.

Economic growth is accelerating, Fitch said, and year-on-year growth reached 6.8 percent in the third trimester of 2014 - the highest since 2008 - up from 3.7 percent the quarter before.

"Growth is vulnerable to setbacks if reform stalls," the agency warned, noting, however, that "political stability has improved under President Sisi."

According to Ibrahim Zahran Nike Air Max 97 Undefeated Sail Weiß Kaufen , professor of economics at Cairo University, Fitch's decision will help to increase the revenues of investment in the Egyptian markets in the light of reducing the hazards.

He hailed the upgrade as important since it came before a planned economic summit in Egypt in March 2015, saying that its positive impact will enhance the road for generating local and foreign investment.

The move will also reduce the cost of dealing with the foreign countries, either at the banking levels by reducing opening credits for exportation purposes, or at the government level in dealing with the international funding and financial institutions, Zahran said.

It will also boost the tourism movement and the foreign investment influx and contribute to increasing the country's state resources of foreign currency, which in turn would stabilize the stock exchange Herren Nike Air Max 97 Ultra Triple Black Billig , and enhance the Central Bank tools in controlling the markets and get rid of the parallel markets, he added.

Finance Minister Hany Kadry has welcomed the Fitch's decision, considering it "a positive step in supporting Egypt's economic program."

Fitch group is a global leader in financial information services with operation in more than 30 countries.

France has numerous fascinating areas to explore if you have a touring caravan or motorhome and there are absolutely thousands of campsites that welcome touring holidaymakers with their own caravan, motorhome or tent. And because the climate is slightly better than in some other countries such as the UK, you will find people go touring as early as April right through to October, which is when most camp and touring sites are open in France.

Although if you are thinking or touring in the summer holidays you may have to pre-book to get a pitch at some of the more popular caravan sites, especially in places like Brittany Herren Nike Air Max 97 Silber Weiß Rot Kaufen , which is one of the most popular camping and touring holiday areas in France, but there are many to choose from and you can often just pull up and arrange an overnight stay, or if you want to see the sights in a specific area, then you could always book a whole weeks holiday, or two, on a particular caravan site.

Most touring sites will offer pitches with an electric hook-up and some also include water, some others will even have pitches that cater for sewage disposal for the black tanks that you get within a motorhome and if not Herren Nike Air Max 97 Schwarz Schweiz , they have on-site facilities at set points for your waste water and emptying out your cassette toilet or porta-loo. In fact, last time we were in France, we noticed that a lot of the larger service stations also have points that you can empty out your waste tanks, which is great for when you are travelling through France.

But getting back to the touring sites; the amount of facilities available on lots of caravan and camping sites in France (not including the basics), means that you may find you just wish to stay put and enjoy what is on offer, such as swimming, tennis Herren Nike Air Max 97 OG GS Schwarz Günstig , fishing, the bar and restaurant, clubs with entertainment, children's playgrounds and much, much more, which are normally free to use bar certain activities that you may have to pay a fee for, such as a fishing permit Damen Nike Air Max 97 Rosa Weiß Schweiz , playing pool, hiring cycles or using the gym.

And overall, these types of camping sites are of excellent quality and make an ideal family holiday where the children are very well ca. Authentic Jerseys China   Adidas NHL Jerseys Wholesale   Baseball Jerseys Wholesale   New NHL Jerseys From China   Football Jerseys Cheap   Nike NFL Jerseys Online   College Basketball Jerseys Wholesale   Custom Jerseys China   New NBA Jerseys Free Shipping   Authentic Jerseys From China