sahara_laayoune

Morgan Stanley downgrades Egypt’s sovereign credit rating to “dislike stance”

New York-based investment banking company Morgan Stanley has moved Egypt’s sovereign credit to a “dislike stance” from a “neutral” rating and noted that the cash-strapped country will face what it termed “mounting risks” in the coming months, Bloomberg reports. The bank argued that the upcoming December elections exacerbate the situation. The planned polls in which […]

Morocco’s future LNG terminal will reshape regional energy landscape

Morocco is planning to build a $700 million LNG terminal on its Mediterranean coast, alongside a network of pipelines, a strategic game-changer project that will reshape the regional energy dynamic. The new pipelines will link the future LNG terminal in Nador City directly to an existing pipeline connecting Morocco to Spain. This strategic connection also […]

COVID-19-Iran: EU to channel €20 million in humanitarian aid

The European Union will send €20 million in humanitarian aid to Iran which is subject to US sanctions and struggling with the Coronavirus pandemic. The announcement came from the bloc’s foreign policy chief Josep Borrell in a video news conference on Monday. “We’ve not been able to provide a lot of humanitarian help but there […]