Morocco-textile-industry

Importing Sahara Goods, Legal, in Line with International Law- Danish FM

Danish Foreign Minister Anders Samuelsen made it clear that importing products hailing from the Moroccan southern provinces, the Sahara, is legal and in line with international law since the local population benefits from the resources of the region. “Imports of goods emanating from the Sahara is legal and does not call into question international law […]

Saudi investment company in Egypt acquires minority stakes in 3 other listed companies

The recently-launched Saudi-Egyptian Investment Company (SEIC) has reportedly added three other Egyptian listed company to its portfolio after acquiring fertilizer giant MOPCO. Abu Qir Fertizilers and Chemical Industries, Alexandria Container and Cargo Handling and E-Finance for Financial and Digital Investments are the companies, Zawya reports citing Egypt’s planning ministry’s website. SEIC also reportedly acquired 25 […]

Libya at the brink of an imminent power crisis due to shortage of fuel

On September 9, the General Electricity Company of Libya (GECOL) issued urgent alerts to both the Attorney General and the Chairman of the National Oil Corporation regarding a severe fuel shortage impacting power generation stations nationwide. In its letter to the Attorney General, GECOL outlined how the lack of natural gas and diesel is causing […]