Egypt is considering taking a loan estimated at around $2.5 billion from regional and international lenders to tackle growing economic pressures, reports say. The government, Bloomberg has revealed citing sources familiar with the matter, is negotiating with regional and international banks over the details of the financing. The talks, the unnamed sources told the US […]
Ankara Monday announced it reopened its embassy in Tripoli, becoming the second foreign country to do so following Italy. The embassy was close more than 2 years ago following general pull-out of foreign missions in Tripoli over security concerns. “The reopening of the embassy will allow Turkey to make stronger contributions to efforts to build […]
Fitch Ratings has affirmed Morocco at ‘BBB-‘ rating and revised the Outlook on country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to negative. The global rating agency explained the negative outlook by the impact of the coronavirus pandemic on the Moroccan economy which will experience the sharpest GDP contraction in 25 years, besides a marked increase […]
