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 has been elected by acclamation in The Hague to the Presidency of the Executive Council of the Organization for the Prohibition of Chemical Weapons (OPCW) on behalf of the African Group, for a one-year term starting on 12 May. This election, in the person of Mohamed Basri, Morocco’s Ambassador to the Netherlands and Permanent […]
Oil production for OMV, Austrian oil and gas group, has recovered in Libya adequately to reach its 2014 output target of 320,000 to 340,000 barrels of oil per day if it continues at current levels, according to OMV’s chief executive Gerhard Roiss. Libya has proved to be a difficult place for business especially for companies […]
