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Electric Vehicles: LG Energy Solution Chooses Morocco to Secure Lithium Supplies
Morocco’s gigafactory ecosystem is taking form. South Korean LG Energy Solution Ltd, the world’s 2nd-largest battery maker for electric vehicles, turned to Morocco to secure lithium supplies through an association with Chinese Yahua. On Wednesday, LG Energy Solution Company signed a Memorandum of Understanding with lithium compound manufacturer Yahua to produce lithium hydroxide in the […]
Polisario camps, a tinderbox waiting to explode
The inhumane conditions imposed on thousands of Sahraouis held against their will in the Polisario-run camps of Tindouf in Algeria, coupled with a bloody crackdown on dissent, are creating conditions auguring for violent uprising. This week, disenchanted youth from Oulad Tidrarine tribe revolted against the Polisario militias, torching vehicles and exchanging fire in full media […]
Egypt scraps requirement for letters of credit for imports
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 […]



