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Jubilation in Mauritania after Morocco clears Guerguarat crossing
Mauritanians welcomed the intervention of Morocco to clear the Guerguarat crossing where the Polisario has prevented the flow of commercial and passenger traffic for more than 20 days. Different Mauritania media outlets described the clearing of the crossing as the end of an economic blockade imposed by the Polisario in total disregard for the interest […]
Egypt: HEC cancels news conference, IS in Sinai claims attack on hotel
Egyptian High Election Committee (HEC) Tuesday cancelled a news conference following the death of two judges killed in an attack perpetrated by IS in the Sinai against a hotel in the provincial city of al Arish. The news conference in Cairo that was to announce results of the second round of Egypt’s parliamentary elections held […]
Egypt scraps requirement for letters of credit for imports
The Central Bank of Egypt (CBE) abolished a February 2022 circular requiring the use of letters of credit for imports, and allowed the use of collection documents instead, Arab Finance reports. The CBE in a late December circular scrapped the letter of credit which provides an irrevocable guarantee to the exporter that the importer’s bank […]



