Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]
André Azoulay, Advisor to King Mohammed VI, was awarded Friday the Gold Medal of Andalusia, Medallas de Oro de Andalucia, in recognition for his “exemplary commitment to solidarity and harmony and for his pioneering approach at the head of the Foundation of Three Cultures, through which Morocco, Spain and Andalusia have been telling the world, […]
Severe hunger is sliding toward famine-like conditions in the Horn of Africa, particularly in Somalia, United Nations (UN) agencies warn, which is the result of four years of consecutive drought that have wiped out peoples’ ability to grow the crops they need to feed themselves. The World Food Program (WFP) has reported that up to […]
