AFRICOM Stefen Townsend in Tunis

Morocco: Police foil major ISIS terror plot

Moroccan authorities announced this Thursday the arrest of a dangerous Jihadist who was planning to carry out terrorist attacks in the North African Kingdom. The 36-year-old man was captured by police anti-terror units in the Northern city of Tetouan. He was very active on social media networks, promoting extremist ideology and encouraging criminal acts against […]

Egypt scraps requirement for letters of credit for imports

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 […]

Sahara Issue: The EU Reiterates Support for UN-Led Political Process

The EU reiterated at the fourth Committee of the UN’s General Assembly its support for the efforts led by the UN Secretary General to achieve a just, lasting and mutually acceptable political solution to the Sahara issue. The EU representative at the UN Minister Counsellor Carl Hallergard called for a consensual solution to the Sahara […]