Maghreb-europe-gas pipeline

Morocco’s Central Bank upset at Fitch rating unprofessional move

The degradation of Morocco’s credit rating by Fitch on the eve of a Moroccan issuance of an international bond is unprofessional and unethical, said central bank governor Abdellatif Jouahri. Fitch has recently downgraded Morocco’s credit rating from investment grade to junk ahead of an international bond worth 3 billion dollars sold by Morocco earlier this […]

Syria: EU adds eleven businessmen, five entities to sanctions list

The European Council added eleven prominent businessmen and five entities to the list of those subject to restrictive measures against the Syrian regime and its supporters. These businessmen and companies are involved in luxury estate development and other regime-backed projects, and as such support and/or benefit from the Syrian regime, the Council said in a […]

Egypt plans more than $100m “major” wheat investment plans

Discussions between President Abdel Fattah Al-Sisi and his Minister of Supply and Internal Trade Khaled Hanafy during the weekend centered to plans that will ease the international wheat dependency burden of Egypt. Reports stated that the projects that were earmarked during their closed door meeting are three “major” internal investment plans. The plans are complimentary […]