BERD EBRD

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 […]

King Mohammed VI chairs allegiance ceremony crowning Throne Day festivities

King Mohammed VI, Commander of the Faithful, chaired Thursday the allegiance ceremony, which crowned the festivities marking the 26th anniversary of the Monarch’s enthronement. The King was accompanied by Crown Prince Moulay El Hassan, Prince Moulay Rachid and Prince Moulay Ahmed, during this ceremony, which took place at the Mechouar square of the Royal Palace […]

Tripartite partnership agreement to improve refugees’ access to healthcare signed in Rabat

A tripartite partnership agreement meant to improve refugees’ access to healthcare was signed on Thursday in Rabat between the Noufissa Pharma 5 Foundation, the United Nations High Commissioner for Refugees (UNHCR) and the Moroccan Family Planning Association (AMPF). The agreement, signed on World Refugee Day, aims to strengthen the joint medical program between the UNHCR […]