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Safran to set up new aircraft engine oil systems plant in Morocco

French aerospace group Safran formalized a significant new industrial investment in Morocco, announcing a 120 million dirham-project to establish a dedicated factory for aircraft engine oil systems and lubrication components in Nouaceur, near Casablanca. The memorandum of understanding was signed during the opening ceremony of the Marrakech Air Show at the Royal Moroccan Air Force […]

Tunisia: Heightened security after axe attack on local jeweler ahead of annual pilgrimage in Djerba

Authorities in Tunisia have ramped up security measures on the island of Djerba following an axe attack on a local Jewish jeweler, just days before the island hosts its annual Lag B’Omer pilgrimage. The victim, a 50-year-old shop owner, sustained defensive injuries and was admitted to hospital on Thursday, May 8, though he is expected […]

Morocco’s subsidies spending surges to $4 bln in 2022

Morocco’s spending to support the purchasing power of its citizens at a context of imported inflation rose to 40 billion dirhams ($4 bln), finance minister Nadia Fettah Alaoui said. Cooking gas subsidies alone accounted for more than 50% of the subsidies budget at 22 billion dirhams due to an increase in prices in the international […]