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Haftar resigns temporarily from ALAF until December elections
The communication office of the General Khalifa Haftar has indicated that the Egypt-backed retired army commander has stepped down for three months until December 24; dates of the projected elections in war-plagued country. The office in a statement Wednesday said Haftar has appointed Chief of General Staff, Abdelrazik Al-Nathori to replace him from September 24 […]
Death of Sheikh Khalifa: King Mohammed VI represented at presentation of condolences by Prince Moulay Rachid
King Mohammed VI was represented by his younger brother Prince Moulay Rachid at the presentation of condolences in Abu Dhabi, following the death of Sheikh Khalifa bin Zayed Al Nahyan. Prince Moulay Rachid presented, during the audience granted to him by Sheikh Mohammed bin Zayed Al Nahyan, the new President of the United Arab Emirates, […]
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 […]


