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WB Loans Morocco $160 million to Spur Competitiveness, Green Growth

The World Bank has extended Morocco a $160 million loan designed to support reforms in Morocco’s business environment to spur competitiveness and boost growth and job creation in an increasingly competitive global economy. The First Economic Competitiveness Development Policy Loan approved this week by the World Bank will improve transparency and accountability in investment procedures […]

Egypt: Russia suspends EgyptAir flights till further notice

Egypt’s national carrier, EgyptAir, has been informed that Moscow’s Domodedovo Airport will be closed to its aircrafts as of Saturday till further notice. The Russian Federal Air Transport Agency (Rosaviatsia) sent a notification to the Egyptian carrier on Friday about the decision to bar its planes from landing in Russia. Aviation Minister Hossam Kamal said Cairo is yet to be […]

Libya Moves to Rein in Fuel Import Irregularities as Attorney General Launches Legal Action

Libya’s Office of the Attorney General has confirmed the initiation of public legal proceedings following preliminary findings into the mismanagement of public funds allocated for fuel imports. The investigation uncovered irregular contracting practices, including crude oil barter deals and spot supply contracts that undermined the public interest and breached financial oversight standards. According to the […]