Leading international papers commented on Morocco’s readmission to the African Union after 33 years of absence as a landmark diplomatic victory reflecting the north African Kingdom’s growing economic and political clout in the continent. Morocco whose bid to reintegrate the African Union was endorsed by 39 of the 54 AU member countries is officially a […]
French Credit Insurance Company Coface has downgraded Algeria ratings to C, the lowest grade, over serious concerns of social frustrations boiling in the oil-producing country wherein high risks of social turmoil are exacerbated by the volatility of oil prices. The Algerian growth “slowed in 2017 due to the state’s dwindling financial resources and public spending […]
Despite the surging interest, Libya continues to close its door to foreign banks on the basis that the legal framework is still under preparation. One of the latest banks to have its request rejected on numerous occasions by the Libyan Monetary Authority (LMA) is the National Bank of Egypt (NBE) according to reports. The NBE […]
