The Libyan government based in Tripoli suspended oil minister Mohamed Oun, as investigations are ongoing into his involvement in alleged corruption, a Libyan watchdog known as Administrative Control Authority (ACA) said. Oun said he will contest the decision, adding that he has not received a notice yet. Libyan media cited an ACA statement which confirms […]
Ailong Technology, a Chinese company specializing in wind turbine blade manufacturing, is preparing to open its first overseas factory in Nador, Northeastern Morocco, according to press reports. The $340 million plant, located in the industrial zone near the Nador West Mediterranean port, has been built over a 50-hectare area. This project, which is expected to […]
Lloyds, the world leader in insurance & reinsurance, is bracing to install its African base in Casablanca Finance City (CFC), says Moroccan newspaper l’Economiste. After several months of talks, Lloyds group has finally obtained CFC status, which allows the British firm to operate in Casablanca and sell its services & products to African countries. CFC, […]
