US Secretary of State Antony Blinken

Egypt: Army Killed 3 Key Daech Leaders in Airstrikes in Sinai

The Egyptian army Thursday indicated that strikes conducted by military aircrafts in the Sinai have killed several militants of the Islamic State group (IS) including three prominent members of the terror group which has been inflicting losses to the army. A total of 19 militants of the terror group were killed in the airstrikes. Three […]

Morocco’s OCP Group Listed Among Major Global Chemical Companies

Morocco’s OCP Group, the world’s largest producer of phosphate & phosphate-based fertilizers, has been listed this year among the leading global chemical brands in the latest “Chemicals 50” report, issued by the “Brand Finance”, the world’s leading brand valuation consultancy. Morocco’s national phosphate champion with brand value at $ 603 million is a new entrant […]

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 […]