Morocco’s automotive industry continues to grow at a rapid pace and attract investors thanks to the country’s political stability, low-cost labor, tax incentives and geostrategic position. On Wedesday, Nexteer Automotive opened its first African plant in Kenitra, Morocco in a ceremony attended by Moroccan Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid Elalamy, […]
The EBRD has lent €186 million the Fayoum Water and Wastewater Company to enable improve living conditions of the local three million inhabitants through the development and expansion of wastewater services. The EBRD financing will be complemented by a loan of €172 million provided by the European Investment Bank, while the EU Neighborhood Investment Facility […]
The Libyan Ministry of Oil and Gas announced that it collected a total of LYD 1,947,725,346.002 in royalties, taxes and related fees from concession and participation contract companies during January 2026. The breakdown shows that surface rentals contributed LYD 714,346.402, royalties amounted to LYD 127,731,131.644, and tax revenues totalled LYD 1,819,279,957.956. The ministry noted that crude oil accounted for the […]
