The rise of electric vehicles and demand for metals used in battery manufacturing caused a decline in demand for South Africa’s platinum, a crucial component in combustion engines. In a detailed report, EVmagazine.com, explains the steep drop in platinum output in South Africa, the world’s leading producer. “Platinum, once commanding more than US$2,000 an ounce, […]
Tourism seems to be the most hit sector after Morocco shut its borders with different tourism-related businesses standing to lose 34 billion dirhams ($3.5 bln), head of tourism federation Abdellatif Kabbaj said. The tourism sector including hotels, restaurants and tour operators, employ 500,000 people whose jobs are at risk because of the consequences of the […]
Cairo announced that it has reached preliminary deals worth $6.8 billion with Kuwaiti companies for the establishment of petrochemical projects. The initial agreements signed on Sunday involved several companies including Egypt Kuwait Holding Company, Kuwait Gateway Holdings and Boubyan Petrochemical Co. Prime Minister Ibrahim Mahlab represented the government during the signing of Memorandums of Understanding with […]
