UAE-morocco business forum in LAAYOUNE

Kenya Airways suspends all flights to DRC after staff arrest

Kenya Airways KQ said it has suspended all flights to Kinshasa in reaction to the detention of two of its staff members by DRC authorities. DRC authorities detained two KQ staff members on April 19 on ground of custom procedure violations relating to a cargo. A local court had allowed the release of the KQ […]

Fitch Ratings downgrades Tunisia to ‘CCC’

Fitch Ratings has downgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, reported Tunisian News Agency TAP. The agency said that the downgrade to ‘CCC’ reflects heightened fiscal and external liquidity risks in the context of further delays in agreeing on a new program with the IMF after the political changes of […]

Egypt Detains 29 people on Charges of Spying for Turkey

Egyptian prosecutor ordered the arrest of 29 people on charges of spying for Turkey and plotting to revive the outlawed Muslim Brotherhood organization. A statement of the Egyptian general prosecutor accused the arrested individuals of “spying in favor of Turkey and membership in a terrorist organization”. The statement added that Egyptian intelligence service uncovered a […]