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Fitch Gives Morocco ‘BBB’ Rating
Global rating agency Fitch has affirmed Morocco’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB-‘, Long-term local currency IDR at ‘BBB’, and Short-term foreign currency IDR at ‘F3’. The agency has also given the North African Kingdom a “stable outlook” and affirmed the country ceiling at ‘BBB’. Morocco’s ‘BBB-‘ rating is supported by a […]
Tunisia: Al Watad party sacks leader for attending controversial national dialogue meeting
Al Watad, a democratic party in Tunisia, announced Sunday the sacking of its leader Mongi Rahoui for having taken part in the first meeting of the much-criticized national dialogue proposed by President Kais Saied. Al Watad said in a statement Rahoui went against the party’s decision not to take part in the dialogue. Rahoui attended […]
Egypt’s central bank hires Barclays Bank to advise on sale of stakes in United Bank
The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned United Bank, Egypt Today reports. Barclays will work alongside local financial advisor, CI Capital, the media also notes. United Bank is one of the 32 state-owned companies the Egyptian government […]



