Moroccan automotive industry is gaining momentum and growing at a rapid pace due to incentives and competitive factors attracting more and more investors and makers of car parts. These factors include Morocco’s proximity to European market, modern infrastructures, free trade zones, qualified cheap manpower, open economy and stability. French car manufacturer Peugeot-Citroën has just launched […]
At least 94 people have been killed in landfalls in Mozambique following the devastating Cyclone Chido, the country’s disaster management agency said. The cyclone, with winds reaching 260 km/h and heavy rainfall, has also injured 768 individuals and affected over 622,000 people in various capacities The northern provinces of Cabo Delgado, Niassa, and Nampula were […]
British Petroleum (BP) and Russian-owned DEA have agreed a partnership investment of $12 billion in Egyptian gas fields in the West Nile Delta with the hope of producing five trillion cubic feet of gas resources and 55 million barrels of condensates when the project is completed in 2017. The investment plan is being described as […]
