Morocco’s National Office of Electricity & Drinking Water (ONEE) has partnered with GE Vernova’s Gas Power business and Nareva to decarbonize Laâyoune Power Plant, which is powered by three GE Vernova 6B heavy-duty gas turbines. The project, first of its kind in Africa, will enable the North African Kingdom to generate carbon-free electricity using green […]
The Central Bank of Egypt (CBE) abolished a February 2022 circular requiring the use of letters of credit for imports, and allowed the use of collection documents instead, Arab Finance reports. The CBE in a late December circular scrapped the letter of credit which provides an irrevocable guarantee to the exporter that the importer’s bank […]
Morocco was unanimously elected on Friday as Coordinator of the Implementation and Assessment Group (IAG) of the Global Initiative to Combat Nuclear Terrorism (GICNT) for the 2019-2021 period. Morocco was elected by the 88 partner countries participating in the 11th GICNT plenary meeting, held June 5-7 in Buenos Aires, Argentina, reported MAP. This […]
