James-Mattis

Kuwait extends $2 billion deposit to Egypt through 2025

On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally set to mature in April 2024, the deposit will now mature in April 2025, according to the CBE’s latest external position report. This decision provides Egypt with crucial financial breathing […]

Ryanair to connect Agadir to seven European countries starting Nov 2021

Ryanair plans to link Morocco’s Atlantic resort of Agadir with destinations in Ireland, France, Spain, Portugal, Italy, Germany and Poland. The company, which announced the setting up of its third African base in Agadir last month, will operate 25 new routes from Agadir to key tourist emitting destinations. The flights will start in November 2021 […]

Al Rayan gets Libyan bank takeover approval

Masraf Al Rayan’s desire to acquire an important share in a commercial bank in Libya has finally been approved by its extra ordinary general assembly. Al Rayan has for been yearning for increasing its capital in a Libyan bank to get what many reports describe as a strategic share. The extra ordinary assembly’s approval now […]