Russian Prime Minister Dmitry Medvedev chairs meeting of Russian government

Fitch Ratings downgrades Tunisia to ‘CCC’

Fitch Ratings has downgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, reported Tunisian News Agency TAP. The agency said that the downgrade to ‘CCC’ reflects heightened fiscal and external liquidity risks in the context of further delays in agreeing on a new program with the IMF after the political changes of […]

Morocco’s OCP more than triples profit, doubles revenue

Morocco’s phosphates and fertilizers producer OCP posted an all-time-high profit of 1.6 billion dirhams in 2021, up 272% as the company benefits from the surge in prices of phosphates and derivatives and the high demand on fertilizers. OCP’s total earnings nearly doubled to 84.3 billion dirhams the same year, a boon to public finances hit […]

Sawab, a joint UAE-US counter-terrorism center launched

The United States and the United Arab Emirates on Wednesday launched The Sawab Center, the first-ever multinational online messaging and engagement program, in support of the Global Coalition Against Daesh. U.S. Under Secretary of State for Public Diplomacy and Public Affairs Richard Stengel and UAE Minister of State Anwar Gargash participated in the launch event […]