souk

Morocco, Portugal Agree to Set up Maritime Hub

Morocco and Portugal signed on Thursday a Memorandum of Understanding to set up a maritime hub with advanced infrastructure and services to boost the two countries competitiveness. The agreement was signed in Lisbon by Morocco’s Equipment, Transport and Logistics Minister Aziz Rabbah and Portugal’s sea Minister Ana Paula Vitorina. Following the example of the successful […]

Egypt seeks to lure $10B FDI in FY 2022-2023

Egypt is looking to attract $10 billion-foreign direct investments for the fiscal year 2022-2023, Arab Finance reports citing a report by the Ministry of Planning and Economic Development on the goals of the budget bill. The report says the government is also pursuing the creation of around 900,000 jobs annually to keep the unemployment rate […]

Algeria Tries Desperately to Emulate Morocco Success in Africa & Solar Energy

After the breakthrough made by Morocco in Africa, neighboring rival Algeria tries to no avail to follow suit, by announcing a $ 360 million investment in Ethiopia, a risky move that will likely deepen further the country’s budget deficit already worsening since the fall of oil prices. The Algerian private group Cevital said Tuesday that […]