Central banks of Egypt, UAE ink bilateral currency swap Agreement

The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). CBE Governor Hassan Abdullah and his UAE counterpart Khaled Mohamed Balama penned the deal that allows the exchange of local currencies between […]

Turkey returns 152 Egyptian artifacts after seizing stolen cultural assets

Turkish authorities have successfully returned 152 cultural artifacts of Egyptian origin after they were seized during a search of a foreigner’s home in Turkey. The items, including figurines, seals, and amulets dating from 4000 B.C. to the 1st century, were identified by experts from the Fethiye Museum as being unlawfully acquired. Legal action was promptly […]

Morocco to spend $1bln to upgrade urban transports

Morocco will earmark 1 billion dollars to buy new buses in different Moroccan cities as part of a 2024-2029 urban transport modernization plan, the interior minister Abdelouafi Laftit said. In total, Morocco would need 3500 new buses in 32 cities as part of an investment that also includes the upgrade of ticket machines and stations, […]