Tindouf camps

Paris-headquartered Maurel & Prom pledges to invest $85m in Gabon

Maurel & Prom, an oil company based in Paris, has announced it will invest $85 million to develop its activities in Gabon this year after spending $67 million in the African country last year. Maurel CEO Olivier de Langavant indicated that planned investment in Gabon is a chunk of the company’s total 2023 investment put […]

India’s Samta Metals & Alloys invests $70 Mln in recycling plant in Morocco

India’s Samta Metals & Alloys, a subsidiary of the Indian Samta Group, is building an aluminum & copper recycling plant in the Atlantic Free Zone, located in the city of Kenitra, Morocco. An investment of $70 million will be injected in this eco-friendly factory to be built over a 36,600-sq-m area. It is expected to […]

Egypt: Submarine Hunting for Plane’s Black Boxes

Search of the two data boxes of the doomed EgyptAir plane A320, which crashed Thursday, is under way as Egyptian authorities announced Sunday deployment of a submarine to hunt for the black boxes that may give a clue as to the exact causes of the crash. Speculations are mounting as to the reasons behind the […]