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Moody’s downgrades Egypt’s rating to ‘B3’
Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]
Trump Plans to Delay Decision on Moving Embassy to Jerusalem
Trump is planning to sign a six-month waiver on moving the US embassy to Jerusalem, US media reported, after news leaks spoke of an upcoming recognition of Jerusalem as capital of Israel triggering strong condemnation across the Muslim world. These reports come after President Trump told Palestinian, Jordanian and Egyptian governments that he intends to […]
Algeria’s Riyad Mahrez bags Maghreb Player of 2019 title by France Football
French football magazine France Football has named Algeria’s national football team captain and Manchester City player Riyad Mahrez the Maghreb player of the year 2019 following online votes by football fans. The 28-year old player outclassed Moroccan and Ajax talisman Hakim Ziyech and his national teammate Amy Bensebaini rated third. More than 45,000 fans took […]



