The African Union has decided to ban the Algeria-backed Polisario separatist group from participating in the upcoming international meetings such as forums or summits gathering African countries with the United States, Russia, China, Japan, South Korea… The game-changer decision was endorsed with overwhelming majority by the AU Executive Council during its latest meeting held in […]
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 […]
Morocco has reaffirmed its position in favor of neighborliness and non-interference in internal affairs of other states and called for sparing the Arab region another war. The remarks were made by State Secretary to the Foreign Ministry, Mounia Bouceta, who is attending the Arab League’s foreign ministers’ emergency meeting in Cairo. Bouceta told the press […]
