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Egypt: Sisi praises UAE and opens doors to investors

President Sisi is on his first official visit to the United Arab Emirates (UAE) as a Head of State and was full of praise of its leaders as he paid homage to the founder late Sheikh Zayed bin Sultan Al Nahyan. He described the ties between the two states as “strong and balanced.” He urged […]

Cairo-based Hassan Allam Holding mulls plans to invest $150m in Morocco

Egypt’s leading engineering, construction and infrastructure company, Hassan Allam Holding, is considering investing up to $150 million in renewable energy and seawater desalination, in Morocco, the company’s CEO Amr Allam told Asharq Business in an interview. “If we entered a partnership in a renewable energy plant with a capacity between 50 and 100 megawatts (MWs), […]

EBRD Lends €7.5 Mln to Tuyauto Gestamp Morocco

The European Bank for Reconstruction & Development (EBRD) is supporting Moroccan automotive sector with a €7.5 million loan to Tuyauto Gestamp Morocco, a greenfield joint venture producer of metal automotive parts owned by Gestamp Automocion (Spain) and Tuyauto (Morocco). The funds will finance the first phase of Tuyauto Gestamp Morocco’s operations in the welding and […]