morocco-qatar-joint commission-feb 2022

Fitch Ratings underscores Morocco’s macroeconomic stability, external liquidity buffers

Despite the coronavirus crisis impact, Morocco maintains macroeconomic stability, low inflation and a relatively comfortable level of foreign exchange reserves that act as external liquidity buffers, Fitch Ratings said. The agency affirmed Morocco’s long-term foreign-currency issuer default rating at ‘BB+’ with a Stable Outlook. Fitch Ratings however expects the government’s budget deficit to stand at […]

Over 7,000 murdered in three months: whooping rise in crime rate is ‘worrying’ S.Africa

South Africa has seen more than 7,000 people murdered over three months and the latest quarterly crime statistics show a whooping rise in murder, rape and kidnapping figures compared with the same time last year. Quarterly figures showed that the murder rate rose 14% between July and September, compared with the same timeframe in 2021, […]

Egypt : Giant $4 billion Suez Canal II project announced

President Al Sisi has announced that a “giant project” will be launched at a tune of $4billion for the construction of a canal parallel to the Suez Canal. The project is expected to increase trade and also double the country’s earnings by more than 100%. The Suez Canal is an important sea route but militants […]