la mamounia hotel

EBRD to invest $75m in HAU Energy BV to back 1.1 GW Gulf of Suez wind farm in Egypt

The European Bank for Reconstruction and Development, EBRD, has committed to a provisional equity investment of up to $75 million in HAU Energy BV, a funding vehicle established by Hassan Allam Utilities that operates in Egypt and is running a project known as 1.1 GW Gulf of Suez wind farm. The investment is set to […]

US lawmakers discuss closer ties with Morocco’s Parliament speaker

A US Congressional delegation led by Representative Ronny Jackson met with Rachid Talbi Alami, Speaker of Morocco’s House of Representatives, to discuss regional security and bilateral cooperation. Jackson, a member of the House Foreign Affairs and Armed Services Committees, led the delegation in a working lunch focused on shared strategic priorities, including security in the […]

Tires, coffee shortages in Algerian market underscore failing import restriction policies

Keen to save its hard currency reserves for tougher days, Algeria continues an unrelentless import restriction policy that resulted in severe shortages of key products with tires and coffee being the latest to join a long list of expensive and unavailable goods in the country. Transport unions have rung the alarm bell as to the […]