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Egypt’s bond rating lowered by Moody

Moody, a Credit-ratings agency has downgraded Egypt’s government bond ratings by one notch from B2 to B3, citing the intensification of civil unrest and sliding foreign exchange reserves. It also added that it is maintaining the rating on review for further possible downgrade. According to the agency, the reason behind the decision “is the country’s […]

Morocco knock out Spain on penalties in an historic match, cruises to World Cup Quaterfinals

Morocco have qualified for the quarterfinals of the Qatar-2022 World Cup, beating Spain in a penalty shootout 3-0 on Tuesday at the Education City stadium in Doha. The two teams were unable to separate after regulation time and extra time (0-0). Morocco, on a scoring streak, progressed to the round of 16 after an amazing […]

Somalia reaffirms support for Morocco’s territorial integrity

Somalia has reiterated its steady support for Morocco’s territorial integrity and sovereignty over the Sahara. This came during a bilateral meeting in Rabat between Foreign Minister Nasser Bourita and his Somali counterpart, Abdisalam Abdi Ali. In a joint statement issued after the talks, Minister Abdi Ali expressed satisfaction with the adoption of UN Security Council […]