Morocco’s King Mohammed VI has named Saaddine El Otmani as the new prime minister, after his predecessor was fired this week for failing to form a coalition government five months after parliamentary elections, said a report.
As the US government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked US Congress also confronted an October 17 deadline to increase the nation's borrowing power or risk default.
The last b
The long-drawn-out political deadlock between Kuwait's cabinet and parliament has hurt the stock market, but fund managers and analysts believe government-linked funds may have stepped in to support shares, and blue chips are reaping the ben
Senate Democrats aimed to seize the initiative in efforts to head off a ruinous US debt default by pushing their deficit-cutting plan on Saturday toward a possible compromise with a divided Republican Party.
Entrenched differences were sti
International bankers and European Union officials made no progress in securing a private sector contribution for a second bailout of Greece and bond yields climbed on concern about the scheme.
The managing director of the Institute of Int