One of the two Moroccan citizens recently deported from France had plans to perpetrate terrorist attacks in Morocco, the Interior Ministry announced on Thursday. France deported the two Moroccans on August 26 because they constitute a threat to the country’s security. Investigation undertaken by Morocco’s powerful Central Bureau of Judicial Investigations (BCIJ) revealed that one […]
The European Bank for Reconstruction & Development (EBRD) announced Wednesday a $44 million loan for the Egyptian dairy and juice producer, Beyti. The money will enable the company to refinance existing short-term loans with a longer tenor loan more suitable for its investment and development phase. The EBRD loan will also help the Egyptian company […]
World rating agency Standard & Poors has downgraded its long-term foreign- and local-currency sovereign credit ratings of Egypt to ‘B-‘ from ‘B’. It has also switched its outlook is negative, citing recent political developments that weakened Egypt’s institutions and the increasingly polarized political discourse that could undermine the effectiveness of policy-making. According to S&P, a […]
