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 […]
Libyan field Marshal Khalifa Haftar told French media Journal du Dimanche (JDD) Sunday he hoped President Donald Trumps would join President Vladimir Putin in supporting his army in the fight against terrorists in Libya. “If Russia and the United States come together in order to stamp out terrorism that can help us. We are going […]
Moroccan authorities foiled on Monday another major drug smuggling operation at the Southern Guerguarate crossing point on the borders with Mauritania. A joint border control operation carried out by Moroccan Police and Customs Services has enabled to seize nearly six tons of cannabis in a transport truck heading to an African country. The illegal substance […]
