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 […]
Ties between Algeria and Kenya were boosted after the latter opened an Embassy there with Moi Lemoshira as Ambassador Extra-Ordinary and Plenipotentiary. During the presentation of his credentials on Sunday to Presdient Bouteflika, Lemoshira hailed the ties between the two countries and was hopeful that the signing of the Agreement on the Establishment of Joint […]
The annual diplomatic charity gala dinner, organized by the embassy of France and the Diplomatic Foundation was held Friday in Rabat under the effective chairmanship of Princess Lalla Hasnaa chaired. The event, held under the high patronage of King Mohammed VI, has become an annual tradition organized at the initiative of the Diplomatic Foundation and […]
