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Aeronautics: Morocco on Track to Meet Local Sourcing Goal of 35% by 2020

Morocco has a booming aeronautics industry attracting world giants from Bombardier to Boeing bringing the local sourcing rate to 29% currently with the goal of reaching 35% by 2020. The industrial clusters created to support this industry have proven their efficiency towards increasing the local sourcing rate up from 17% in 2016. Industry Minister, Moulay […]

Nigeria: Death toll rises to 76, scores missing in boat capsize tragedy

The death toll from a boat accident, which occurred when the vessel carrying passengers capsized in Nigeria’s southeastern state of Anambra last Friday has risen to 76, with dozens reported missing. Officials said the locally made boat was carrying 85 people who were on their way to a local market when it developed an engine […]

Saudi Tamer Healthcare company near acquisition of 30 per cent of Egypt’s UCP

Tamer Healthcare, Saudi leading healthcare and wellness group, is close to getting 30 per cent of shares of Egyptian United Company of Pharmacists (UCP) for a transaction estimated at $35 million, reports say. The US-based AmerisourceBergen is relinquishing 30 per cent of its 50 per cent of UCP to Tamer, a source told Asharq Business, […]