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EgyptAir gets $191m loan to finance external debt

Egypt has approved a financing request of about $191 million by national carrier EgyptAir to be used to pay external debt. The Central Bank of Egypt will release the funds in the form of loan, state-run Ahram online reports. EgyptAir, which resumed flying from July 1st after several months of hiatus due to the coronavirus […]

Morocco to Benefit from WB Treasury Govt Debt & Risk Management Program

Morocco has become member of the Government Debt and Risk Management (GDRM) program of the World Bank Treasury. The GDRM Program provides assistance to middle-income countries (MICs) to improve macroeconomic and fiscal management by reducing vulnerability to financial and other shocks. The GDRM Program brings a tailored approach to each country’s priorities and provides expert […]

French soldiers kill over 30 Islamist militants in Mali

French soldiers killed more than 30 Islamist militants in Mali in three separate operations targeting al Qaeda and Islamic State-linked groups. According to France’s armed forces, soldiers of the French Barkhane force killed about 20 militants and destroyed several vehicles in the Gourma region. In the Liptako region, a stronghold of Islamic State, 10 more […]