SKF opens magnetic bearing plant in Morocco to meet growing demand

Swedish SKF Company, world leader in most innovative bearings, seals & lubrication systems, has opened its new factory in Tangier, Northern Morocco. The production site will manufacture components for magnetic bearings and high-speed electric motors, enabling SKF to meet the increased demand for these solutions while strengthening the Group’s position as a global leader in […]

Morocco’s Flag Carrier Doubles Profits in 2016

Morocco’s flag carrier, Royale Air Maroc (RAM), saw its profits more than double in 2016 to stand at 520 million dirhams (52 million dollars) compared to 203 million dirhams last year. This performance is largely ascribed to non-current financial assets which contributed by 129 in the company’s overall profits, local e-journal le360 said quoting a […]

Libya: UNSMIL Mandate Extended for Six Months

The UN Security Council Monday extended the mandate of the UN support mission in Libya, UNSMIL, for six months, and entrusted it with new prerogatives including assistance in securing uncontrolled arms and related material and countering its proliferation. The UNSMIL is also tasked to provide support to key Libyan institutions and provide support, on request, […]