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Russian security personnel to protect Russian tourists at sharm El-Sheikh, Hurghada Airports

Russian security forces have been dispatched to sharm El-Sheikh and Hurghada Airports in Egypt as direct flights from Moscow and two resort destinations in the Sinai resume. EgyptAir flight MS724 took off from Moscow with 300 people on board and landed in Hurghada without incident, the airline said. Russia last month said direct flights between […]

Morocco to treat IMF credit line as precautionary

Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external shocks like the Covid-19 pandemic, Morocco’s finance ministry said. The credit line is only granted to countries with sound macroeconomic and financial fundamentals and would add to Morocco’s credibility in […]

Morocco cleared to acquire attack helicopters worth $4.25 bln

Morocco is filling the gap in terms of offensive air capabilities with the acquisition of  36 mighty Apache helicopters and related equipment for a total cost of 4.25 billion dollars. Previously announced by the US Defense Security Cooperation Agency (DSCA) on 20 November, the deal was green lighted by the US Department of state describing […]