Air France: Photo Credit (Associated Press/Francois Mori) PARIS (AP) — France’s government is pumping 15 billion euros ($16.9 billion) in rescue money into the pandemic-battered aerospace industry, in hopes of saving its hundreds of thousands of jobs and keeping plane maker Airbus and national airline Air France globally competitive. In exchange for aid, companies will

Photo/Somali Times Somali Foreign Minister Ahmed Issa Awad in an exclusive 25-minute interview with Al-Araby Television spoke on a number of issues concerning the country’s foreign policy, and was asked about the country’s pivotal role. Has regional, Arab, African and international issues. The Minister, who appeared to be a highly publicized figure, answered these questions

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, June 8, 2020. Shares have advanced in Asia Monday after surprisingly strong U.S. jobs figures helped power a surge on Wall Street. (AP Photo/Ahn Young-joon) Shares advanced Monday in Asia, buoyed by surprisingly

The Central Bank of Kenya. The proportion of defaulted bank loans has hit a 13-year high, reflecting the cash flow burden on workers and businesses brought about by coronavirus disease hardships. Data from the Central Bank of Kenya (CBK) shows that the ratio of non-performing loans (NPLs) rose from 12.5 percent to 13.1 percent –

General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah The value of Saudi Arabia’s oil exports plunged by 21.9% year on year in the first quarter to $40 billion, corresponding to a decline of about $11 billion, official data showed on Sunday. Brent crude

Egypt’s President Abdel Fattah Al-Sisi approved a second loan agreement worth 26 million Kuwaiti dinars ($84.5 million) to be offered by Kuwait for Egypt to fund the establishment of the Sharm El-Sheikh Tunnel Road. The presidential decree appeared in the official Gazette yesterday. The first loan agreement between Egypt and the Kuwait Fund for Arab

Photo: Credit Wikipedia By Michael Rubin Policymakers in the United States have a bifurcated approach toward Egypt. On the one hand, human rights abuse under President Abdel Fattah el Sisi upset scholars, Congress, and even privately some diplomats. On the other hand, the White House and Pentagon appreciate Sisi’s no-nonsense approach to deradicalization and counterterrorism

The United Arab Emirates (UAE) was the largest importing country from Egypt in February, with Italy as the second-highest and Turkey as the third highest country, The New Khalij reported on Friday. Based on official Egyptian data, The New Khalij disclosed that the UAE imports from Egypt during February were worth $253,413,000, compared to $179,712,000

Aircrafts of the German airline Lufthansa are parked at the airport in Munich, Germany, Tuesday, May 26, 2020. Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. (AP Photo/Matthias Schrader) German flagship airline Lufthansa agreed Saturday

© Reuters/Rafael Marchante FILE PHOTO: A tourist wearing a protective face mask, due to the coronavirus outbreak, walks in downtown Lisbon LISBON (Reuters) – The number of overnight stays by tourists in Portugal dropped 98.3% to nearly 71,000 last month from the previous year, showing the sector’s collapse as lockdowns to contain the spread of