Moody, a Credit-ratings agency has downgraded Egypt’s government bond ratings by one notch from B2 to B3, citing the intensification of civil unrest and sliding foreign exchange reserves. It also added that it is maintaining the rating on review for further possible downgrade. According to the agency, the reason behind the decision “is the country’s […]
Egypt gained $6.24 billion in revenues from the Suez canal, that is a 5.14% rise compared to last year. The Egyptian government set the target of doubling that figure to $13 billion by 2023 as it sees growth against the backdrop of improved security conditions and improved trade between Europe and Asia. The canal is […]
Marrakech will be the venue for the 24th General Assembly of the World Tourism Organization (UNWTO), an event that marks the beginning of the recovery of a sector hit-hard by the pandemic. A deal was signed between Moroccan Tourism Minister Nadia Fettah Alaoui and UNWTO Secretary General Zurab Pololikashvili. The Moroccan Minister highlighted that the […]
