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Egypt cancels $50M solar power plant project in Aswan

Egypt’s New and Renewable Energy Authority (NREA) decided to cancel a project for the establishment of a 50-megawatt solar power plant in the South of Aswan worth a $50 million investment, Asharq Business reports citing three officials. Per the sources who asked not be named because not allowed to speak on the matter, the establishment […]

Libya: HNEC starts registering candidacies for municipal elections next Sunday

The first round of applications for candidates in the local council elections is set to begin on Sunday August 18, according to a statement released by the High National Elections Commission (HNEC). The Commission urged voters to present their identity documents at polling places in order to obtain their electoral cards if they had submitted […]

Morocco’s Central Bank upset at Fitch rating unprofessional move

The degradation of Morocco’s credit rating by Fitch on the eve of a Moroccan issuance of an international bond is unprofessional and unethical, said central bank governor Abdellatif Jouahri. Fitch has recently downgraded Morocco’s credit rating from investment grade to junk ahead of an international bond worth 3 billion dollars sold by Morocco earlier this […]