Abdelaziz Bouteflika

Moody’s Raises Morocco’s Outlook from ‘Stable’ to ‘Positive’

Moody’s Ratings has revised Morocco’s “Ba1” rating outlook for its long-term foreign and local currency debt from “stable” to “positive,” according to the Ministry of Economy and Finance. In its assessment report, Moody’s emphasizes that the “positive outlook” reflects the gradual improvement in Morocco’s economic and fiscal strength, which is likely to further reinforce its […]

USA to provide military equipment to Egypt

The US State Department Tuesday validated a military deal with Egypt that involves technical support for the North African country’s navy. The deal to be implemented by Virginia-based VSE Corporation will cost Egypt $554 million. The price tag may change following final clearance from the senate, Defense News reports. VSE Corporation will do technical work […]

Tunisian startup Kumulus wins EBRD’s startup challenge

Kumulus, a Tunisian startup operating in water industry, won Tuesday the European Bank for Reconstruction and Development’s startup competition AgVenture aiming at supporting innovative early-stage agribusiness technology ventures in the economies where EBRD invests. The challenge unveiled the names of the winners at EBRD Consumer Rules Summit held in Zagreb, Serbia. Kumulus produces and operates […]