Egypt plans to upgrade six oil refineries to increase local production of refined products, Petroleum Minister, Tarek El Molla, said during a conference in Cairo Sunday. The refineries refurbishment to be conducted over four years will cost about $9 billion, the official said, adding that Egypt is trying to secure crude oil supplies for Egyptian […]
The deepening trade deficit with Turkey and the increasing complaints of Moroccan enterprises have finally pushed Morocco’s trade and industry minister Moulay Hafid El Alamy to ask for a rebalancing of the Free Trade Agreement with Turkey. Speaking in Istanbul, the Moroccan minister told his Turkish peer, Ruhsar Pekcan that Morocco wants a review of […]
Morocco and the German Development Bank (KfW) on Wednesday formalized three loan agreements totaling 250 million euros and two grant agreements amounting to 7 million euros. The agreements are earmarked for financing three pivotal projects focused on social protection, sustainable mobility, and irrigation. These agreements were signed in Rabat by Fouzi Lekjaa, Minister in charge […]
