Sound Energy, the European and African focused upstream gas company, announced that it has received a funding proposal for its Tendrara gas export pipeline in eastern Morocco from Advisory & Finance Group Investment Bank. Sound Energy explained in a statement that after receiving a non-binding expression of interest from Oil & Gas Investment Fund (OGIF) […]
A draft bill to legalize cannabis passed the test of the house of representatives with 119 votes in favor and 48 PJD MPs voting against, putting the party in a standoff against the rest. The stand of the co-ruling PJD against cannabis legalization was expected. Its former leader Abdelilah Benkirane had freezed his membership in […]
French Schneider Electric company is planning to inject additional €30 million in Egypt until 2025 to boost the production capacity of its electrical panels factory in Badr City, the company’s Northeast Africa and Levant Cluster President Sebastien Riez said in an interview with CNN Business Arabic, ‘Arab Business’ reports. €10 million of the €30 million […]
