Germany’s transport ministry Monday notified Mahan Air, Iran’s second largest carrier, to halt flights to German cities as part of Berlin’s sanctions over Tehran-linked practices to muzzle dissent in the EU bloc. The Iranian airline received notification from the Federal Aviation Office (LBA) “ordering the immediate suspension of its authorization to operate passenger flights from […]
Commercial International Bank, CIB, of Egypt has secured $148 million from the African Development Bank (AfDB), in form of financial package earmarked to support Small and Medium Enterprises (SMEs) as well as trade amid a shortage of foreign currency in the North African country due to complex endogenous and exogenous macro-economic and geopolitical factors. Including […]
The European Bank for Reconstruction and Development (EBRD) has approved a US$ 200 million loan for the construction of a new 1.8 GW combined cycle gas-fired power plant in Damanhour, north west of Cairo. This loan will contribute to funding the US$ 1.3 billion total project cost, which is also being supported by the European […]
