Libya willing to restore air connectivity, open a shipping line with Morocco

Libya has expressed its willingness to restore air connectivity with Morocco and its commitment to any initiative aimed at opening a shipping line between the two countries. This came at a meeting in Rabat between Libyan Minister of Transport Salem Al Shahoubi, and his Moroccan peer Mohammed Abdeljalil on the sidelines of the high-level ministerial […]

World Bank, Mauritania ink soft loan agreements worth $85m to finance multiple projects

Mauritania and World Bank signed Monday in Nouakchott two soft loan agreements worth $85 million for the financing of two projects. The first deal is about additional funding for the project to support decentralization and the development of intermediate towns (Moudoun Project), to the tune of $25 million. The project seeks to improve access to […]

Fresh financing deal: Egypt gets $1.5 billion from ITFC to finance petroleum & basic commodities imports

The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]