water scarcity in MENA

Moody’s downgrades Tunisia’s ratings to B3 with negative outlook

New York-based credit rating agency, Moody’s, Tuesday downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 with negative outlook.   “Moody’s has also downgraded the Central Bank of Tunisia’s senior unsecured rating to B3 from B2 and the senior unsecured shelf rating to (P)B3 from (P)B2, and maintained the negative outlook. The […]

Egypt’s military turns to ‘made in Russia’

Russia could be on the verge of signing an agreement with Egypt as reports claim that a delegation of advisers is in Cairo to meet with officials. Egypt is expected to buy 24 advanced MiG-35 fighter jets as part of its switch towards using Russian military hardware. Negotiations have reached advanced stages. The MiG-35 jets […]

Morocco’s aerospace industry prepares for post-Covid recovery – Reuters

Morocco has an active aerospace industry cluster which saw exports dip due to the pandemic but operators started to see light at the end of the tunnel, wrote Reuters in a spotlight on the industry. Morocco has set up clusters for aerospace part manufacturers that supply Boeing, Airbus and Safran. So far, Morocco produces 38% […]