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IMF Chief Lauds Morocco’s Restructuring Reforms

Director of the International Monetary Fund Christine Lagarde lauded Morocco for the efforts it undertook to restructure its economy. In an interview with weekly magazine, Jeune Afrique, Lagarde said Morocco is leading successful restructuring of its economy without depending on oil or agricultural commodities. She recalled that the credibility of Morocco’s reform earned it an […]

Morgan Stanley downgrades Egypt’s sovereign credit rating to “dislike stance”

New York-based investment banking company Morgan Stanley has moved Egypt’s sovereign credit to a “dislike stance” from a “neutral” rating and noted that the cash-strapped country will face what it termed “mounting risks” in the coming months, Bloomberg reports. The bank argued that the upcoming December elections exacerbate the situation. The planned polls in which […]

Sound Energy announces extension of agreements with ONEE & Attijariwafa Bank

The British Sound Energy company announced on Wednesday the extension of its “Gas Sales Agreement” (GSA) sealed with ONEE (Office National de l’Electricité et de l’Eau Potable) and Attijariwafa bank funding deal until 31st December 2023. Executive Chairman of the company Graham Lyon) said: “various elements within the GSA are being amended to meet the […]