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Egypt’s stock market, Global Carbon Council to expand regional climate action scope

The Egyptian Exchange (EGX) signed a memorandum of understanding (MoU) with the Global Carbon Council (GCC) to enhance regional climate activities, Arab Finance reports citing an emailed press release. According to the agreement, carbon footprint certificates registered with the Global Carbon Council will be available for trading on the EGX, allowing investors to diversify their […]

Morocco’s ONCF to buy 168 trains from France’s Alstom, Spain’s CAF and South Korea’s Hyundai Rotem

Morocco’s ONCF has chosen France’s Alstom, Spain’s CAF, and South Korea’s Hyundai Rotem as manufacturers of its tender to buy 168 trains, including high-speed, intercity and urban trains. The new trains will help ONCF renew its existing fleet and accommodate for traffic growth, the rail operator said in a statement. It also added that the […]

OCP new green investment program for 2023-2027 presented at a ceremony chaired by King Mohammed VI

King Mohammed VI chaired, this Saturday at the Royal Palace in Rabat, the presentation ceremony of the new green investment program of the OCP Group worth $13 billion. The new green investment program (2023-2027) is meant to put an end to the group’s dependence on ammonia imports and enable investment in the chain of renewable […]