A consortium led by Saudi’s company ACWA Power International has won a $1 billion contract to build a 160-megawatt solar plant in Southern Morocco. The plant, to be built near city of Ouarzazate, is the first phase of a 500-megawatt ambitious project, first of its kind in Northern Africa. The Saudi-led consortium includes Spanish firm […]
The Russian Embassy in Morocco announced that flights between Morocco and Russia have been suspended, starting Tuesday Oct.5. The embassy said it had received a decision from the Moroccan authorities regarding the suspension of flights with Russia, starting on Tuesday. The embassy did not indicate the reasons for this suspension, but it is likely that […]
Commercial International Bank, CIB, of Egypt has secured $148 million from the African Development Bank (AfDB), in form of financial package earmarked to support Small and Medium Enterprises (SMEs) as well as trade amid a shortage of foreign currency in the North African country due to complex endogenous and exogenous macro-economic and geopolitical factors. Including […]
