Cairo announced Sunday it received $1.5 billion from Saudi Arabia earmarked for development projects in underprivileged Sinai. The Saudi kingdom has already donated Egypt several billion dollars destined to shore up Egyptian battered economy and finance. The new amount, donated by the Saudi Development Fund, will finance the building of a university, 26 residential complexes, […]
Spanish car parts maker, Ficosa, will start operating its Moroccan plant specializing in producing in-vehicle cameras on March 20, the company said. The Catalonia-based Ficosa, which has been sold to Japan’s Panasonic last July, has completed the plant for a total cost of €30 million. The plant, which will offer 800 direct jobs by 2020, […]
Senegal’s Sangomar offshore oil and gas field has produced 16.9 million barrels in 2024, surpassing its 11.7 million target, according to official figures. Sangomar field, about 100km south of Dakar, achieved its first oil production in June 2024 and is expected to pump at least 100,000 barrels daily. The project is a joint venture between […]
