Fitch Ratings

Morocco’s Reconnaissance Satellite Stirs Spain’s Concerns

As Morocco prepares to launch its first reconnaissance satellite on November, Spanish military officials are voicing their concerns. The satellite will bridge the gap in terms of spatial reconnaissance between Morocco and Spain to the disappointment of Spanish military officials who are keen to maintain their country’s upper hand, Spain’s El Pais paper reported. Despite […]

Sahara: UNGA Reiterates Support for Political settlement Process

The UN General Assembly adopted, on Friday without a vote, a resolution approved by the 4th Committee last October, reiterating its support for the UN political process to settle the regional dispute over the Sahara. The resolution calls on all parties to cooperate fully with the UN Secretary-General to achieve a political solution to this […]

Egypt: Debt payment delayed, Gulf oil grants over, Minister Ismail

Oil Minister Sherif Ismail has announced that the payment of Egypt’s debt to foreign oil companies will be delayed by six months thereby pushing the deadline to the end of next year after Egypt had promised to repay all its debt by mid-2016. He also said there will no longer be oil grants from the […]