Al Arabiya channel

Morocco pioneers regional shift to electric vehicle manufacturing

Morocco’s Vehicle Importers Association launches Auto Expo, the country’s first dedicated hybrid and electric vehicle exhibition, running September 18-28, 2025, at Casablanca’s AUDA Space. The event signals Morocco’s strategic positioning in global automotive electrification while pursuing membership in an exclusive group of five to six nations with complete electric vehicle manufacturing capabilities. The eleven-day exhibition […]

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 […]

Nigeria becomes EBRD shareholder

Nigeria has become the 77th shareholder in the European Bank for Reconstruction and Development. The Bank’s board of governors approved Nigeria’s membership after it amended its laws to expand incremental funding to Sub-Saharan Africa, the bank said in a statement. Through this membership, Nigeria hopes to benefit from EBRD funding, which is yet to be […]