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Moroccan navy rescues 54 migrants in southern waters
Morocco’s navy rescued 54 Sub-Saharan migrants, including 7 women and a child, in the waters of the southern provinces, near Tan Tan. The migrants, who were heading to the Canary Islands, have received medical care before they were handed to the Royal Gendarmerie. Increasing numbers of migrants from Sub-Saharan Africa are trying the riskier Atlantic […]
Fitch downgrades four Egyptian banks’ Issuer Default Ratings to “B”
Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]
Tunisia buys three Turkish combat drones
The Tunisian defense ministry has signed up for three Turkish combat drones manufactured by Turkish Aerospace Industries (TAI), for a value of almost $80 million. Russia Today’s Arabic website, which reported the news citing Turkish sources, said in addition to three Anka (Phoenix) combat drones, Turkey will also deliver three ground control systems and train […]



