Fitch Ratings downgrades Tunisia to ‘CCC’

Fitch Ratings has downgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, reported Tunisian News Agency TAP. The agency said that the downgrade to ‘CCC’ reflects heightened fiscal and external liquidity risks in the context of further delays in agreeing on a new program with the IMF after the political changes of […]

Morocco, IAEA to bolster partnership in nuclear applications

Morocco’s National Center for Nuclear Energy, Science and Technology (CNESTEN) and the International Atomic Energy Agency inked two major partnership agreements in Vienna on Monday. The agreements were initialed by CNESTEN and IAE Director Generals, Hamid Marah and Rafael Mariano Grossi, on the sidelines of the Agency’s 68th General Conference. The first agreement concerns the […]

Egypt to invest $748.5M in drilling 46 new oil and gas wells

The Egyptian Government plans to drill 46 new oil and gas wells this fiscal year, with an investment of $748.5 million. Minister of Petroleum and Mineral Resources, Karim Badawi, announced on Monday that 15 agreements are in the pipeline, accompanied by $20 million in signing bonuses. The Government aims to boost domestic output, reduce imports, […]