new-egypt

Chad’s soldiers sent to Mali for peace keeping operation return home

Chad’s transitional leader Mahamat Idriss Déby Itno welcomed home earlier this week the country’s contingent that operated in Mali under the UN peace keeping Mission known as MINUSMA for 10 ten years. The Chadian leader congratulated the soldiers and paid tribute to those lost during the counter-terrorism and peace keeping Mission in northern Mali, especially […]

Fitch Maintains BBB Rate for Morocco with Stable Outlook

Credit rating agency, Fitch, affirmed Morocco’s long-term foreign and local currency issuer default ratings (IDRs) at ‘BBB’ with a Stable Outlook. Fitch explained that Morocco’s BBB rating was driven by its economic performance, public finance and external finance metrics. “Economic policy focuses on maintaining macroeconomic stability and is unlikely to change much as a result […]

Morocco’s spending on subsidies more than halved in first quarter this year

Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in the first quarter this year, auguring well for state finances, according to the finance ministry. Subsidies including cash handouts to transport professionals stood at 44 billion dirhams last year due […]