Arab League

AfDB enters new $1 billion exposure exchange with the Asian Development Bank

The Board of Directors of the African Development Bank has approved a $1 billion exposure exchange with the Asian Development Bank that aims to strengthen their capital adequacy levels and boost their lending capacity. The transaction, sealed last week, will support AfDB efforts to unlock additional sovereign lending headroom. It will also bolster continued efforts […]

Morocco Orders Four Boeing 787-9 Dreamliners worth $1.1 bln

Morocco’s flag carrier, Royal Air Maroc (RAM), will add four Boeing 787-9 Dreamliners to its fleet for a total cost of $1.1 bln. RAM already operates five 787-8 Dreamliners. The new Boeing planes will help the airline expand in South America, North America, the Middle East and Europe. “Our vision is to be the leading […]

EgyptAir to resume cargo flights to U.S.A. after 8-year hiatus

Egypt’s national carrier is set to resume cargo flights to the U.S.A. after eight years of suspension, Civil Aviation Commander Mohamed Abbas Helmy said Sunday September 24. Helmy’s remarks came at the end of a 7-day visit by a delegation from the US Transportation SecurityAdministration (TSA) to Cairo International Airport in which they inspected the […]