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. […]
The London High Court ruled that the British Energy company, BP, pays $68.9 million to the National Bank of Abu Dhabi (NBAD) in a case originating from the sudden closure of Morocco’s Samir refinery in 2015. BP “sold a cargo of crude to Samir in August 2014 which was not paid for and NBAD took […]
Ethiopia has postponed its parliamentary elections scheduled for August due to the coronavirus outbreak, the electoral commission said on Tuesday. “Due to the pandemic we were forced to suspend our activities,” said an Amharic-language statement from the National Electoral Commission. Ethiopia has as of April 1, confirmed 29 coronavirus cases. Infections have so […]
