Libya has received its first setback in its legal battle with financial and managerial institutions after the High Court of England and Wales ordered the Libya Africa Investment Portfolio (LAIP) to pay more than $15 million as damages to Catalyst Managerial Services (CMS) and the amount could surpass half a billion dollars. LAIP is a Malta-based […]
Egypt signed Sunday a $1.5 billion Annual Work Program with the International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the Islamic Development Bank (IsDB) Group, to provide integrated financing solutions to the Arab country. Under the agreement, ITFC will deliver Egypt $1.5 billion integrated financing solutions, meant to enhance the country’s capacity to […]
New Geopolitical Realities The escalating violence in the Gaza Strip and southern Israel, in which scores of Palestinians and Israelis have so far been killed, is being played out against a fast changing geopolitical setting. The current Israel-Gaza clash is the largest since Israel’s war in Gaza in 2008-2009, when Hamas was a political pariah […]
