As Saudi Arabia and its Arab allies joined forces to stop the Iran-backed Houthi Shiite insurgents from tightening their grip on the impoverished country, many analysts say this joint Arab move to defend the legitimate Yemeni government may lead to the creation of an Arab army, a dream which has so far been an elusive […]
Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]
Moroccan Foreign Minister Nasser Bourita held a phone call Friday with his Russian peer Sergey Lavrov, during which the two officials highlighted the strength of ties between the two countries. According to a statement from Morocco’s Foreign Ministry, the two officials expressed satisfaction with the “quality of friendship and cooperation” linking the two countries and […]
