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Egypt meets IMF as pound depreciates

Representatives of International Monetary Fund (IMF) and the Egyptian government discussed the important $4.8 billion loan as the Egyptian pound continues on its dive with the foreign reserves depleting. Before the visit, the IMF said they will discuss recent economic developments and “possible IMF support for Egypt in facing these challenges”. It’s Middle East and […]

Libya: Masud and Senussi wanted for interview in Lockerbie role

Enquiries into the 1988 Lockerbie bombing resurfaced with a statement from the Scottish Crown Office highlighting their agreement with the U.S Attorney General that “there is a proper basis” in the laws of both countries entitling their investigators “to treat two Libyans as suspects in the continuing investigation into the bombing of flight Pan Am […]

Morocco’s Central Bank upset at Fitch rating unprofessional move

The degradation of Morocco’s credit rating by Fitch on the eve of a Moroccan issuance of an international bond is unprofessional and unethical, said central bank governor Abdellatif Jouahri. Fitch has recently downgraded Morocco’s credit rating from investment grade to junk ahead of an international bond worth 3 billion dollars sold by Morocco earlier this […]