Moody’s underscores Morocco’s resilience to domestic and external shocks

Credit rating agency, Moody’s, highlighted Morocco’s resilience to domestic and external shocks despite coronavirus propelling fewer tourists and exports which it said will be offset by lower energy imports. It maintained Morocco’s credit profile at Ba1 stable reflecting “demonstrated resilience to domestic and external shocks,” and buoyed by access to relatively deep domestic capital markets. […]

Tunisia: UGTT to boycott legislative & presidential elections

Tunisia’s powerful workers union, UGTT, Thursday said it will take part neither in the legislative nor in the presidential elections planned for next fall. Noureddine Taboubi, Secretary General of the powerful union, told a local radio that the union decided it will not field or back any party or independent candidacy for the legislative elections […]

Turkey promises massive investments in Libya

Turkish President Recep Tayyip Erdogan promised to bolster his country’s economic cooperation with Libya through massive investments from Turkish companies to contribute to the North African country’s reconstruction. “In Libya, we must now focus on reconstruction, on development and on the well-being of our Libyan brothers,” President Erdogan said Monday during a joint press conference […]