Business & Economy Bound

The IMF executive board on Wednesday saidit had approved Egypt's request for a $1.7 billion loan, its final disbursement under a plan aiding its recovery from the Covid-19 crisis. "The Egyptian authorities have managed well the economic and social impact of the...

Flights have resumed between Libya's capital Tripoli and the eastern city of Tobruk after a break of several years, as the division-plagued country takes a further step towards normalcy. A flight from Tripoli of Libya's Buraq Air landed late Wednesday in Tobruk, a...

Israir will launch direct flights between Israel and Morocco's Marrakesh in July, the Israeli carrier said on Tuesday, six months after the two countries reached a US-backed normalisation deal. "The first flight will take place on July 19 from Tel Aviv to Marrakesh,"...

IMF staff on Tuesday announced they had reached an agreement with Egypt over an economic program that would release the final tranche of a $5.2 billion loan approved last year. Once approved by the board of the International Monetary Fund, the second performance...