egyptian-pounds

Tunisia: Parliament Speaker calls on EU to establish Marshall Plan for Tunisia

Tunisia’s Parliament Speaker Mohamed Ennaceur Monday called on EU to put in place a “Marshall Plan” to help secure his country’s struggling economy. Ennaceur was speaking at a parliament plenary session attended by EU parliament President Martin Schulz. For Ennaceur, the EU plan could be in the form of intensification of financial support to Tunisia’s […]

Sweden’s SKF Invests $4.9 Mln in Factory in Morocco

SKF, the world’s biggest bearings maker, announced on Monday a $4.9 million investment earmarked for building a manufacturing site in Tangier in Morocco. The Swedish company said the plant will enable it to meet growing demand for magnetic bearings used in turbomachinery and other high-speed applications, including hydrogen gas liquification and for oil-free industrial compressors. […]

2022 Youth Olympic Games in Senegal postponed to 2026

The next Youth Olympic Games (YOG), a sporting event for athletes aged 15 to 18, will take place in 2026 rather than 2022, the International Olympic Committee (IOC) and Senegal have announced. The IOC cited the postponement of the Tokyo Games to 2021 and “the operational and financial consequences of the global health crisis” as […]