As Tunisia is at grips with a seemingly inextricable political situation, rating agencies continue to reduce its standings, in an unnecessary additional evidence that the country’s economy is not faring any better than politics. The latest of these agencies is Standard & Poor’s Ratings Services# which lowered Tunisia’s long-term foreign and local currency sovereign credit ratings […]
The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a $20 million loan to the Moroccan bank, “Crédit Agricole du Maroc”, to support local exporters and importers The funds will be used to issue guarantees in favor of confirming banks and to provide cash financing for pre-export and post-import financing and for local […]
The Moroccan embassy said it closed its office in Beirut on the backdrop of continuing mass protests over economic and political problems in Lebanon. The embassy announced its closure on social media after setting up a crisis cell to help Moroccan nationals in Lebanon. Anger at political elites has engulfed Lebanon as hundreds of thousands […]
