justice2

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 […]

Libya: Militias Force Nearly 2,000 to Leave their Long-established Shelters in Tripoli – UNHCR

Libyan militias have forced nearly 2,000 people from an ethnic minority, targeted for their alleged links to the former Gadaffi Government, to flee long-established shelters in the capital Tripoli, the UN Refugee Agency, UNHCR, said on Tuesday. In an appeal for the respect of the human rights of families originating from the city of Tawergha, […]

Tanger-Med port expected to outperform Mediterranean ports in 2020

Container activity of Tangier-Med Port Complex is expected to exceed the threshold of 5.7 million TEUs container on December 31st, a 18 pc increase compared to 2019, a performance never reached by Mediterranean ports. According to Tanger Med Port Authority (TMPA), the level of productivity has also broken records this year. To date, the bar […]