The World Bank has granted Egypt a $500 million additional financing destined to support ongoing efforts to improve the affordability of formal housing for low-income households, the Washington-based institution said in a statement. The financing also seeks to strengthen Egypt’s Social Housing and Mortgage Finance Fund capacity to design policies and coordinate social housing programs. […]
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 […]
Morocco’s Presidency of the Public Prosecutor’s Office signed a Memorandum of Understanding (MoU) with its Belgian counterpart on Tuesday oct. 15 in Rabat. This new agreement seeks to boost cooperation in multiple areas, particularly in fighting transnational organized crime. This MoU, signed by Morocco’s Top Prosecutor El Hassan Daki, who is also the King’s Attorney […]
