Libya-bound drones disguised as wind Turbines seized by Italy

The China-made drone parts seized by Italian authorities were disguised as wind turbines in order to be shipped to Libya, in violation of a UN embargo, news agencies reported. Earlier this month, Italian customs found Chinese drone components in six containers at the Port of Gioia Tauro in southern Italy. The components were hidden among […]

Egypt applies to join Shanghai-based New Development Bank

Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]

Morocco’s OCP group to develop fertilizer plant in Ethiopia

Morocco’s OCP Group and the Ethiopian government have signed an agreement to develop a fertilizer plant in gas-rich Dire Dawa in northern Ethiopia, for a total investment of up to $3.7 billion dollars, as announced by the Ethiopian Ministry of Finance. A visiting Ethiopian delegation led by the country’s Minister of Finance, Ato Ahmed Shide, […]