Plans are underway to enhance struggle against money laundering in Egypt through the issuance of personal certificates for Islamic Sukuk bonds. The plans were designed at the request of the head of the Financial Supervisory Authority in Egypt, Ashraf al-Sharqawy, who argued that such certifications will prevent money laundering. During a meeting with members of […]
Algeria’s unilateral decision to suspend gas supply via the Maghreb-Europe gas pipeline to Europe, including to Spain and Portugal is still trigging anger and criticism across Europe as a gas blackmail. In this connection, eleven Portuguese MPs from different political trends questioned, on Monday, their government about this gas blackmail that Algeria is practicing towards […]
Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]
