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Algeria: Government takes over steel production from ArcelorMittal

ArcelorMittal, the world’s largest steelmaker, has entered a partnership deal with the Sider, a state-owned company, to meet the local demand for steel as the arrival of car producing companies in the country continues. The deal was described by ArcelorMittal as a “strategic agreement” agreeing to lower its stakes at two steel complexes in favor […]

Morocco: Tourism revenues drop by half up to November

Morocco’s tourism revenues dropped by 51% in the first eleven months of last year under the impact of the pandemic and travel restrictions, the finance ministry said. The drop was attenuated 76% a month earlier, thanks to arrivals by Moroccan expatriates. In terms of arrivals however, Morocco registered only 142,000 tourists, down 82% compared to […]

Gibraltar considers power link with Morocco – Spanish media

Gibraltar is considering building an undersea power link with Morocco, which in recent years has been exporting electricity to the Iberian peninsula, according to Al Geciras al Minoto. Authorities in Gibraltar are looking to Morocco as a reliable energy supplier that is forging ahead steadily with a clean energy plan aiming to secure 52% of […]