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 […]
Mauritania’s defense ministry has officially denied hosting a military air base near the borders with Algeria. Rumors spread after a visit this month by a UAE military delegation with many news portals spreading fake news of a possible Emirati base near the Mauritanian borders with Algeria and Mali. The defense ministry underscores the […]
At least 17 Chadian soldiers were killed in a weekend attack by Boko Haram militants on a military post that also left 96 of the attackers dead in the country’s west, according to Chadian army sources. The attack in the Lake Chad region, which has been plagued this year by frequent attacks from insurgents, happened […]
