Fitch Ratings has downgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, reported Tunisian News Agency TAP. The agency said that the downgrade to ‘CCC’ reflects heightened fiscal and external liquidity risks in the context of further delays in agreeing on a new program with the IMF after the political changes of […]
The authoritarian Algerian regime is in a state of panic and anxiety since announcement by U.S. President-elect Donald Trump of the nomination of Republican senator Marco Rubio to lead the State department. While announcing the appointment, Trump said Rubio, 53, would be “a strong advocate for our nation, a true friend to our allies and […]
Qasem Al-Kayoumi, manager of ADNOC’s offshore division of the exploration and production directorate has revealed that Abu Dhabi has a $25 billion investment plan for the next five years in order to boost the oil production capacity of its offshore fields. The United Arab Emirates (UAE) produces around 2.8 million barrels of crude oil per […]
