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Egypt to sign four deals for car manufacturing
Egypt’s Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies, within a few days to manufacture automobiles in the country, a statement from the office of Prime Minister Mostafa Madbouly said, without specifying the names of the concerned companied. The statement came following a Cabinet meeting on Tuesday November […]
Egypt, India launch polyethylene factory in Suez governorate
Egypt and India unveiled Sunday the cornerstone for a polyethylene (PET) production factory to cost a $110 million investment, in Ain Sokhna, Suez governorate. The project is planned to have a production capacity of 30,000 tons per month, Ahram Online reports. The construction will go through two phases, the first starting during the first half […]
S&P Expects Morocco’s Economy to Grow By 4.1% in 2020-2021
The international ratings agency Standards & Poor’s expects Moroccan economy to grow by 4.1 pc in 2020-2021, after decelerating to about 3.2 pc in 2019. The expanding automotive and tourism sectors, coupled with increased demand for phosphates and derivatives, will stimulate the long-term performance and somewhat reduce the reliance on cyclical sectors, notably agriculture, says […]


