Antonio Guterres

Egypt converts fund into notes, bonds underway

The Governor of the Egyptian central bank, Hisham Ramez, has said that they have converted $2,5billion into 18-month notes and there are ongoing plans to convert an extra $3 billion into three-year bonds. The monies were provided by Qatar as deposits to the bank as part of its efforts to help Egypt overcome its crisis […]

Morocco Expects a Growth Rate of 4.8% in 2017 (Official)

After a meagre growth rate of 1.2% in 2016 as a result of disappointing crop year, Morocco expects its economy to expand by 4.8% amid promising macro-economic indicators said minister of Economy and Finance, Mohamed Boussaid. The minister, who was presenting a report on the progress of the implementation of the 2017 budget in a […]

Cyprus Hands over EgyptAir Flight Hijacker to Egypt

Cyprus justice authorities Sunday said they handed over to Egypt a 61-year old Egyptian man who hijacked and diverted in 2016 an EgyptAir flight from the city of Alexandria to Cyprus. Seif al-Din Mohamed Mostafa was returned to his homeland after Egypt provided guarantees that it will provide international standard legal procedures for his trial, […]