Egypt : Investors begin their return

As elections draw close this year, Egypt aims at attracting foreign currency into the country after investments almost dried up following the revolution which overthrew Hosni Mubarak in 2011. This cause, aimed at easing social discontent and creating jobs, is supported by state-linked investors and Dubai retailer Majid Al Futtaim. The company is the holder […]

Fitch downgrades Tunisia rating to ‘CCC-‘, confirming fears over economic collapse

The political and economic crisis is worsening in Kais Saied’s Tunisia. The uncertainties and fears over the collapse of this country has pushed Fitch agency to downgrade its Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘CCC+’. The downgrade of Tunisia’s IDRs, which is becoming a failed state, comes after failure of Tunisia’s authorities […]

UN: Appointing New Sahara Envoy Not an Easy Task

The Spokesperson for the UN Secretary General Stéphane Dujarric has explained the delay in naming a new UN envoy for the Sahara by the difficult task of filling such a high-profile position. Responding to a question on the delay in finding a new successor to former Personal Envoy of the UN Secretary-General for the Sahara, […]