Fitch Ratings agency has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook due to favorable debt composition, reasonably comfortable external liquidity buffers and a record of macroeconomic stability. In 2021, Morocco’s GDP growth rebounded to 7.4%, after contracting by 6.4% in 2020. “We forecast growth to decelerate to 1.1% […]
German Chancellor Angela Merkel’s visit to Algeria has been postponed due to the falling health of Algeria’s President Abdelaziz Bouteflika. The two day trip was part of efforts by the German Chancellor to stem the flow of Algerian migrants and speed up the repatriation process of the Algerian nationals who failed to receive refugee status. […]
British Sound Energy Company has announced the start of the initial gas commissioning activities at Tendrara Production Concession, affirming that first gas has entered the gas gathering system (“GGS”) in preparation for long term gas production into the micro-LNG plant. Sound Energy retains a 20% equity interest in the Tendrara Production Concession operated by Mana […]
