Libya’s National Oil Company (NOC) announced on Monday the halt of operations at two major oil sites, the Zouetina terminal and the Al-Charara field, after several other facilities were shut down in connection with protests and political rivalries. The blockades come at a time when Libya, struggling to turn the page on the years of […]
Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]
About 500,000 tourists visited Egypt during the first quarter of 2021, bringing to the country between $600-800 million in tourism revenues, reports say. Egypt re-opened its border for international flights in June last year amid the pandemic which forced the country to close its borders like the majority of other countries around the world. Sky […]
