corona allowances to underprivileged in Morocco

Egypt: 23 killed at military checkpoint attack in Sinai, Police Officer Gunned down in Cairo

A military checkpoint in the village of el-Barth, an area between Rafah and Sheikh Zuweid in the northeastern Sinai Peninsula, was attacked by an unidentified group in the early hours of Friday and few hours later, Egypt’s Interior Ministry said a police officer was gunned down in a drive-by shooting in Cairo as he was […]

Fitch downgrades four Egyptian banks’ Issuer Default Ratings to “B”

Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]

Ryanair to add over 2 million seat capacity to Morocco destination

Ryanair will raise the number of air routes to Morocco to 37 by the next summer adding 2.073 million seat capacity, up 54% compared to pre-pandemic levels of 2019. The news was announced following an agreement between the low-cost airline and Morocco’s tourism promotion office, much to the delight of tourism businesses that are slowly […]