egypt-rules

S&P Lowers Egypt’s Credit Rating Outlook to Negative

World rating agency Standard & Poors has downgraded its long-term foreign- and local-currency sovereign credit ratings of Egypt to ‘B-‘ from ‘B’. It has also switched its outlook is negative, citing recent political developments that weakened Egypt’s institutions and the increasingly polarized political discourse that could undermine the effectiveness of policy-making. According to S&P, a […]

Morocco’s Royal Navy seizes 5 tons of drugs off Nador

Moroccan Royal Navy has foiled a major drug smuggling operation off the coast of Nador, Northeastern Morocco. The Coast Guards of the Navy, patrolling the Kingdom’s Mediterranean coastline, spotted on Tuesday a suspicious speedboat at 3:00 AM and chased it part of routine security checks. After a hot pursuit in the sea, the occupants realized […]

Six countries, Somali Americans call for end to violence in breakaway Somaliland

Six countries have issued a joint statement expressing concern over escalating fighting in the northern breakaway region of Somaliland, as also Somali-American demonstrators called for an unconditional cessation of hostilities. Qatar, Somalia, Turkey, the United Arab Emirates, the United Kingdom and the United States have expressed concern over fighting around a disputed town in Somaliland, […]