Fitch Ratings

Morocco balances wheat imports among global suppliers as domestic harvest improves

Morocco is set to reduce wheat imports to 6.7 million tons for the 2025-2026 season, down 200,000 tons from the previous year, according to the latest U.S. Department of Agriculture (USDA) forecast. This reduction reflects improving domestic harvests and strategic stock management despite ongoing climate challenges. While regional neighbors like Egypt remain highly dependent on […]

Inflation-hit Zimbabwe launches new gold-backed currency

Zimbabwe has finally launched a gold-backed currency to bring down inflation, ending a decade of dollarization. The new currency or Zig- standing for Zimbabwe Gold- is the latest attempt to end hyper-inflation in the country which lasted for 25 years. Zig is intended to be a market-determined exchange rate, said Zimbabwe’s central bank governor while […]

“Innocence of the Muslims” : Trigger Movie in the “Arab Spring”?

Did the movie Innocence of the Muslims cast a shadow on the romanticism of the Arab Spring? This amateur production was the work of an Egyptian Coptic who evidently drew a satirical picture of Muhammad. The movie was barely watched when its 14-minute “trailer” was first uploaded to You Tube in June. But then a […]