Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]
Six Egyptian nationals held in an irregular detention center in western Libya have set free, Egypt’s oreign ministry announced. “According to the information received from our embassy in Tripoli, the six Egyptians have been released,” Foreign Ministry spokesman Ahmed Abu Zeid said on Twitter Sunday. “We are following their safe return to the homeland,” he […]
For the first time in 27 years, the New York stock exchange market closed due to extreme weather conditions. During these last few days the proximity of Hurricane Sandy to this economical center of the US has been known. Many roads were blocked and thousands of residents were told to evacuate. But the decision to […]
