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Egypt Air to be restructured after almost $1bn loss

State-owned aviation company, Egypt Air Holding, will be undergoing a radical restructuring after it lost almost one billion dollar within 4 years. Sabre Airline Solutions, an airline advisory firm in Texas, has been contracted to help the company get back to its heydays. The plan is expected to last for five and half years. Egypt […]

Mozambique: Filipe Nyusi wins presidential poll

Mozambique’s President Filipe Nyusi has been re-elected with a landslide victory, according to official results announced on Sunday. In a victory speech before his supporters in capital Maputo, Nyusi said he would further develop Mozambique and hasten the implementation of a two-month-old peace deal with Renamo rebel group. The peace deal signed between Frelimo and […]

The United Nations Impose Sanctions on Libya’s Illegal Exports

On Wednesday (March 19), the United Nations decided to impose sanctions on illegal exports of Libyan oil in a unanimous vote. The resolution came only two days after the US Navy had boarded its tanker Morning Glory in international waters close to Cyprus. The tanker was loaded with illegally obtained crude oil and it managed […]