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 […]
Although the ongoing presidential campaign in Algeria has not impressed much by now, the six candidates have recently started complaining about “irregularities”. The National Election Monitoring Committee (CNISEL) now receives complains every day at both national and local levels. According to the CNISEL’s chief, Fateh Boutbik, the complaints are mostly related to the violation of […]
Head of the UN-backed Libya Presidential Council (PC) Wednesday demanded the International Criminal Court (ICC) to investigate war crimes committed by rival forces of east-based warlord Khalifa Haftar in his quest to overrun Tripoli, while UN Special Representative Ghassan Salame said “The use of indiscriminate, explosive weapons in civilian areas constitutes a war crime.” Faiez […]
