Libya has received its first setback in its legal battle with financial and managerial institutions after the High Court of England and Wales ordered the Libya Africa Investment Portfolio (LAIP) to pay more than $15 million as damages to Catalyst Managerial Services (CMS) and the amount could surpass half a billion dollars. LAIP is a Malta-based […]
The Egyptian administrative judiciary has ruled for Mortada Mansour to be removed as chairman of the country’s second most popular football club Zamalek, the ministry of Youth and Sports has indicated. Mohamed el-Shazly, spokesman for the ministry said that the court has ruled for the move and is expected to inform officially the ministry this […]
The European Union (EU) Thursday announced it would grant Tunisia a new assistance package worth €300 million next year but in the form of donation aside from regular financial assistance also doubled to reach €300 million. The EU has established itself as a strategic partner of the nascent Arab democracy. The 28-member bloc will double […]
