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S&P Lowers Egypt’s Credit Rating Outlook to Negative

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 […]

Morocco: King chairs ministerial council, approves appointments in senior positions

King Mohammed VI chaired a ministerial council focusing on the farm output and decrees relating to defense as well as the approval of nominations to senior positions in multiple agencies and institutions. During the council, agriculture minister Mohamed Sadki mentioned that the cereals output this year is expected to improve 62% from last year to […]

Spain-Morocco joint operation leads to arrest of Daesh Recruiter in Pamplona

The Spanish National Police on Friday announced the arrest in Pamplona (capital city of the Chartered Community of Navarre) of an individual for his alleged involvement in terrorist collaboration crimes, including indoctrination and recruitment for the terrorist organization Daesh. This operation was carried out jointly by Spanish security services, Morocco’s General Directorate of Territorial Surveillance […]