atlantic-council

Morocco’s renewable energy abundance hampered by inadequate transmission grid

Morocco’s industrial ambitions face a critical bottleneck as abundant renewable energy production outpaces the national grid’s transmission capacity, Industry and Trade Minister Ryad Mezzour warned Monday at the Industry Meeting Days in Casablanca. Speaking before industrial leaders at the event’s seventh edition, Mezzour highlighted a paradox threatening Morocco’s competitive advantage: while the kingdom enjoys rare […]

Train derailment kills 7, injures 80 near Rabat

A tragic train derailment took place on Tuesday morning causing the death of seven people and leaving at least 80 people injured. After the crash, King Mohammed VI gave orders to the minister of the Interior and the minister of Transport who visited the site where aids were evacuating the wounded to the Mohammed V […]

Fitch downgrades four Egyptian banks’ Issuer Default Ratings to “B”

Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]