Business & Economy Bound

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...

Moroccan lawmakers on Wednesday approved a law legalising the therapeutic use of cannabis, bringing one of the world's biggest producers of hashish a step closer to green-lighting the major reform. The lower house of parliament adopted the text on the lawful use of...

Egypt has slashed millions of dollars off its compensation claim against the Japanese owner of a megaship that blocked the Suez canal in March, the canal authority chief said late Sunday. Egyptian authorities had seized the 200,000-tonne MV Ever Given in April and...

Egyptian President Abdel Fattah al-Sisi approved Tuesday the widening and deepening of the southern part of the Suez Canal, after a stranded mega-ship crippled the critical maritime artery for six days in March. "What you heard today is about the upgrade in the...