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 […]
A high-level parliamentary delegation from Ghana is visiting Morocco to foster parliamentary cooperation ties with the Kingdom and look into ways of boosting trade exchanges and partnership in agriculture, air transportation, education, employment, and sustainable development. Led by Chairperson of the foreign Affairs Committee Alfred Okoe Vanderpuije, the delegation held on Monday in Rabat separate […]
French prosecutors have launched a judicial investigation into TotalEnergies, accusing the oil giant of involuntary manslaughter and failing to assist people in danger during a brutal jihadist attack in Mozambique’s Palma region in March 2021. The attack, carried out by Islamist militants linked to ISIS, left over 1,400 people dead or missing, including 55 subcontractors […]
