FLSmidth Wins 1st Operation & Maintenance Contract in Morocco

FLSmidth has won a five-year contract from Moroccan Phosphates Office (OCP) to operate port equipment for handling phosphate, fertilizers, and sulphur. The port is located in Jorf Lasfar, El Jadida, 100 km south of Casablanca. The contract marks FLSmidth’s first Operation & Maintenance contract in Morocco, the Copenhagen-headquartered company said in a press release. FLSmidth […]

Morocco wins US support on Sahara and makes new beginning with Israel while supporting two-state solution

Morocco has just hit two birds with one stone after a watershed deal with the US and Israel according to which Washington acknowledges Morocco’s sovereignty over its southern provinces and Rabat and Tel Aviv reopen their liaison offices. In a Presidential proclamation with immediate effect, the US announced an upcoming opening of a consulate in […]

Egypt Gets $6 M from IFC to Promote E-Payments

International Finance Corporation (IFC), a member of the World Bank Group, has announced $6 million investment in Fawry, Egypt’s leading electronic payment provider, in an effort to promote financial services and encourage economic development across the country. IFC’s investment will help Fawry embark on expanding its network of payment terminals across the country to make […]