Bonds

Egypt: ITFC earmarks $1.1bn for energy, internal trade funding in 2020

The International Islamic Trade Finance Corporation, IFTC, has allocated to Egypt $1.1 billion destined to fund the energy sector and internal trade in 2020, Egypt Today reports. Minister of Trade and Industry Nevine Gamea who made the announcement said $700 million of the funding will go to the energy sector, and $400 million to internal […]

Egypt’s Suez canal generates revenues of $6.24 billion

Egypt gained $6.24 billion in revenues from the Suez canal, that is a 5.14% rise compared to last year. The Egyptian government set the target of doubling that figure to $13 billion by 2023 as it sees growth against the backdrop of improved security conditions and improved trade between Europe and Asia. The canal is […]

Royal Air Maroc, second best airlines in Africa- Skytrax

Morocco’s flag carrier Royal Air Maroc was ranked the second-best carrier in the African continent, outperformed by Ethiopian Airlines which took the first position for the seventh year in a row. RAM won the title of the best regional airline in Africa, as it continues to expand its fleet, services, and destinations. RAM plans to […]