After years of campaigning, the African Union (AU) is likely to become a member of the Group of 20 (G20) largest economies during or even before the New Delhi G20 Summit (9-10 September), though not everyone is excited about India’s push for the inclusion, with many pointing to Africa’s being a large continent with diverse […]
Credit rating agency Moody’s downgraded Tunisia’s credit rating to B2 against the backdrop of deteriorating fiscal situation, complicating the government’s plans to borrow from international lenders. Moody’s cut Tunisia’s rating by one notch to B2– five levels below investment grade and on a par with Argentina, Nigeria, Cameroon and Kenya. Moody’s rating downgrade will complicate […]
A court in Lebanon has issued an arrest warrant against Chief of local Algerian oil company Sonatrach after the company has been accused of selling adulterated fuel and of corruption. Judge Nicolas Mansour, prosecutor of Mont-Liban court of appeal ordered the arrest of Tarek Faoual and several employees of Sonatrach Petroleum (SPC), a subsidiary of […]
