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Libya: Forces Advancing towards IS Sirte headquarters

Libyan forces loyal to the UN backed Government of National Accord (GNA) made some significant progress on Wednesday in their battle to recapture the coastal city of Sirte from the militants of the Islamic State. According to Brigadier General Mohammed Ghasri, they are only five kilometers away from the city center and Zafrana square, which […]

Moody’s downgrades Egypt’s rating to ‘B3’

Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]

Libya: Haftar asks troops to fight harder during Ramadan in conquest for Tripoli

The leader of forces opposed to the UN-backed Government of National Accord (GNA) Sunday ordered the so-called Libyan National Army (LNA) to step up fighting during the month of Ramadan, which has started this Monday, in their drive to seize capital Tripoli. Khalifa Haftar on an audiotape released by LNA spokesman ordered the east-based forces […]