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 […]
The invitation extended by a Moroccan association to a controversial Islamic scholar from Saudi Arabia to visit Morocco has caused concerns amongst different organizations, thinkers, analysts and large layers of society over his anti-Shia, anti-Sufi and extremist stances. The infamous cleric, Mohammad al-Arifi, was also unwelcome because of his repeated calls for jihad, holy war, […]
The US Treasury Department Thursday placed sanctions against six high profile terrorists among whom Salmi Salama Salim Sulayman ‘Ammar, known as IS money facilitator and presentative of the Sinai-based IS’s offshoot terrorist group Ansar Bayt al-Maqdis (ABM) in Libya. The sanctions are part of US strategies meant to “disrupt the fundraising and support networks of […]
