Adnan Abu Walid al-Sahrawi

Chinese Midea Group contemplates acquiring Electrolux Group’s Egyptian Zanussi

The Chinese electrical appliance manufacturer Midea Group is considering acquiring the Swedish appliances manufacturer Electrolux Group’s Zanussi brand and its assets in Egypt, reports say. Electrolux Group announced mid last month plans to exit the Egyptian market. The company indicated that it is preparing to sell its factories in Egypt, which produce the main appliances […]

Morocco & EU seal green partnership to decarbonize their economies

Morocco and the European Union signed on Tuesday in Rabat a “Green Partnership” to counter climate change, advance their energy transition, protect the environment and boost the green economy. The agreement was inked by Foreign minister Nasser Bourita and European Commission Vice-President Frans Timmermans. This is the first Green Partnership the EU signs with a […]

Libyan oil port closed for 4 days

Operations have been hampered in a major oil port in eastern Libya, Al-Zuweitina oil port after protesters stormed its premises making it the fourth consecutive day that its door has been closed. The Al-Zuweitina oil port receives crude pumped from at least three oilfields in the Libyan desert and handles about 20% of the country’s […]