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Fitch Gives Morocco BBB- Rating with Stable Outlook
Fitch Ratings gave Morocco ‘BBB-‘ rating with a stable outlook due to the country’s macroeconomic stability, comfortable external buffers and a low share of foreign-currency debt in public debt. The Moroccan government has prioritized social policies in the 2019 budget, said Fitch in a press release, noting that the country is planning an overhaul of […]
Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures
The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]
Egypt: Army slain 5 Jihadists in North Sinai conquest operation
Egyptian army Monday announced that it killed 5 Jihadists and arrested several others on the 14th day of its “Martyrs’ Right” against IS-linked groups in North Sinai. The army said on its official facebook page it killed 5 militants and captures 15 others in the operation meant to free the North Sinai cities of militant […]



