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Automobile industry: Clayens NP Morocco extends its plant in Mohammedia
Car parts manufacturer Clayens NP Morocco has extended its production plant in Mohammedia, increasing the surface area of the plant by around 70%. The extension project, which required an investment of 73 million dirhams, will create 100 more jobs, bringing the plant’s total human resources to 550 people. It will also generate an additional […]
Egypt: IMF ready to give loan
Despite the threatened stability in Egypt, the International Monetary Fund (IMF) is willing to provide loans if it is deemed necessary by authorities in Cairo. Egypt is going through political, economic and financial crisis as political differencescontinues to be the center stage. IMF’s regional director, Massod Ahmed, said they are “keen to support” the North […]
Violent storm destroys 1000 homes in Cape Town
South Africa’s largest city, Cape Town, was hit by a violent storm on Monday that destroyed nearly 1000 homes, local media reported. Gale-force winds displaced around 4,000 people as the city and its surroundings expect the adverse weather to continue until Friday, authorities said. Cold fronts bringing torrential rain, strong winds, flooding and possible mudslides […]



