World rating agency Standard & Poors has downgraded its long-term foreign- and local-currency sovereign credit ratings of Egypt to ‘B-‘ from ‘B’. It has also switched its outlook is negative, citing recent political developments that weakened Egypt’s institutions and the increasingly polarized political discourse that could undermine the effectiveness of policy-making. According to S&P, a […]
The USA has re-established ties with Sudan as the African country makes democratic gains. US relations with Sudan have returned to normal, Amber Baskett, the Chargé d’Affaires at the American embassy in Khartoum said, Arab News reports. The re-establishment of ties comes as result of the achievements of the interim transitional government, Baskett said. Sudan […]
Egypt’s 50-member constitutional committee is almost on the verge of finalizing the constitution but continues to be delayed by “some differences” in within, committee Spokesman Mohamed Salmawy stated. 10 members of the committee walked out of sessions after brutal police interventions to disperse protesters under the new law which restricts public protests. Tamarod also released […]
