automotive-industry-morocco

Isis MAP Shows Alarming Plans to Take Over North Africa

The terror Islamic State organisation, which controls large territories in Iraq and Syria, is planning to expand its influence around the world and take over North Africa and the Middle-East in the next five coming years. Within the frame of its frightening global domination project, the extremist group intends to seize by 2020 parts of […]

Auto Industry: €50 Mln earmarked for 1st Moroccan car brand for local market

“Neo” is the first Moroccan car brand to be produced for local market with a €50 million investment which will be used for the building of a factory for this project. The announcement has been made by the Minister of Industry & Trade, Ryad Mezzour. He told Saudi newspaper Asharq that the plant is expected […]

Egypt’s current account deficit soars as Suez Canal revenues plummet

Egypt’s current account deficit more than doubled to $5.9 billion in the July-September 2024 quarter, up from $2.8 billion in the same period last year, according to the Central bank on January 16. A significant contributor to this widening deficit was a sharp drop in Suez Canal revenues, which fell by 61.2% to $931.2 million, […]