Automotive: Leoni invests nearly $100 Mln in projects in Morocco

German Leoni firm, a global leader in cables and wiring systems, is enhancing its presence in Morocco thanks to the country’s political stability and rapid growth of its automotive industry. The German company has pledged to invest over $92.1 million in six projects to create 7100 jobs in the country under deals signed in presence […]

Egypt, Japan sign $301m agreement to finance Cairo Metro’s 4th line

Japan will release to Egypt $301 million to finance the implementation of phase one of Cairo Metro’s fourth line. The related agreement was signed between Egypt’s Minister of International Cooperation, Rania El-Mashat and the Minister of Transport, Kamel El-Wazir, and Japan’s Embassy in Egypt and the Japan International Cooperation Agency (JICA), Mubasher reports. The funds […]

Libya: Protesters defy government agreement

Shortly after Prime Minister Ali Zeidan announced on Wednesday that the Al-Harriga terminal which has a production capacity of 110,000 barrels will resume production and exportation after reaching an agreement with the protesters. Libya’s National Oil Corporation (NOC) published on its website that it has lifted the force majeure on the oil terminal on Thursday. […]