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Tunisian PM designate: We are running out of time

Prime Minister designate Habib Essid seems convinced that the newly formed cabinet will get the vote of confidence from the parliament as he signaled that “we have no more time to lose, we are in a race against the clock.” The Ennahda Islamist party has finally joined the cabinet where it is holding a ministerial […]

Fitch downgrades three Moroccan banks

Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]

Middle East Crisis: Netanyahu endorses Egypt’s peace efforts

Israeli Prime Minister Benjamin Netanyahu Thursday claimed support for Egypt’s peace push in the region to solve conflict between Israel and Palestinians, at the time when ties between Cairo and Tel Aviv rewarm. “I want to thank President al-Sisi for his leadership and for his efforts to advance peace between Israel and the Palestinians and […]