EBRD Supports Morocco’s Car Industry with € 15 Mln Loan to Varroc Lighting Systems

The European Bank for Reconstruction and Development (EBRD) supports Morocco’s automotive industry with a €15 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The EBRD’s financing will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant […]

French economy minister to lead business delegation to Morocco in April

As the diplomatic fog dissipates in French-Moroccan ties, French economy minister Bruno Le Maire is expected to lead a business delegation to Morocco in April to promote investments. The visit would be the second by a member of Macron’s administration to Morocco after an announced visit soon of newly appointed foreign minister Stephane Séjourné. Bruno […]

Libya’s sixth airline unveiled despite few international destinations

A new Libyan airline, Free Falcon Air, will start operations next year from Zintan and Labraq airport, as a purely commercial carrier. The new Libyan carrier to be headquartered in Beida already possesses a Boeing 737 and is negotiating the purchase of another one. It will run regular flight between the Labraqa and Zintan as […]