Dakhla Port

Egypt applies to join Shanghai-based New Development Bank

Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]

Finland’s Wärtsilä to Install Power Plant in Morocco

The technology group Wärtsilä of Finland will supply a 22 MW baseload power plant to Morocco’s state utility (ONEE) under an engineering, procurement and construction (EPC) contract. The main evaluation criterion for the project was the levelized cost of energy (LCOE) during an operating period of 20 years. LCOE measures the operating period costs divided […]

Sahara: Bolivia Abandons Polisario, Separatists’ Isolation Deepens

The government of Bolivia has decided to suspend its recognition of the self-proclaimed “SADR” and cut all ties with the Algerian-backed Polisario separatist group, deepening their international isolation. The move was announced on Monday by the Bolivian ministry of foreign Affairs. In a press release, this South American country said “it adopts constructive neutrality” regarding […]