Egypt to float military-owned firms as part of economic reform drive

Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]

Morocco Makes Major Strides in Economic liberalization (Report)

Morocco continues to make notable progress in economic liberalization, according to 2017 Index of Economic Freedom created by the Heritage Foundation and Wall Street Journal. The North African country, which ranked 8th in Africa and 86th globally, is benefiting from a commitment to economic reforms that encourage a dynamically evolving private sector, says the annual […]

South Korean LG Chem water purification systems chosen for desalination project in Morocco

South Korea LG Chem Ltd. has been selected to provide a water purification process for a desalination project to be carried out by Moroccan phosphate giant OCP Group. Under the deal, LG Chem will supply some 18,000 reverse osmosis (RO) membranes which will be used to desalinate 246,000 m3 of water a day at Jorf […]