Arab clubs champions cup

Egypt: Egypt Air boss fired, company lost $1 billion over four years

State-owned carrier Egypt Air has a new boss since Thursday after former boss Sameh el-Hefny has been sacked following the one billion dollar lost recorded by the company since the 2011 uprising. Samed el Hefny who ran the company since Marsh 2014 will be replaced by Sherif Fathy who is a consultant and worked as […]

Tuna bond scandal: Mozambique and Swiss UBS bank reach out-of-court settlement

Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]

Morocco-US: Morocco trouble-free country in 2016, US State Department

US State Department’s 2016 predictions for troubled zones in world points at the Middles East as the most dangerous zone while it categorizes Morocco as the safest place in the MENA region, reports say. The US State Department has classified Morocco among countries to enjoy peace in 2016 contrary to most countries in the North […]