King Mohammed VI work session nov 29

Automotive: China’s Kuntai invests nearly $14 Mln in car carpet plant in Morocco

Chinese company Kuntai has said it will invest $13.7 million in a car carpet plant in Morocco which has become a major global player in the automotive industry. The new production site comes to enhance further Morocco’s automotive industrial eco-system. Its main target is the European market. The facility will also promote research, development, production, […]

Libya needs investments worth up to $4bln to boost oil production

Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]

Morocco renews support to political transition process in Burkina Faso, Chad, Guinea, Mali

Morocco has renewed this Monday before the Peace and Security Council (PSC) of the African Union (AU) its strong and constant support to the political transition process in Burkina Faso, Chad, Guinea and Mali. Morocco’s Permanent Representative to the AU and the UNECA, Mohamed Arrouchi, who was speaking at a meeting of the PSC devoted […]