libya-ras-lanuf

Morocco’s customs report record $13.2 bln revenue in 2023

Morocco’s customs revenue hit a milestone of 13.26 billion dollars last year, up 1.2% from a year earlier, offering a boon for an expansionary state budget. The performance came on the back of higher custom duties as well as taxes on manufactured tobacco, the customs administration said. The record was 1.59 billion dirhams higher than […]

COVID-19: War-torn Libya announces 10-day lockdown

The besieged Tripoli administration ordered the shutdown of all government facilities, large markets and non-essential shops in its territory, and lockdown of roads to traffic, in a bid to slow the spread of Covid-19.   The measure, announced by the Presidential Council, starts this Friday April 17 and will last 10 days. Citizens wearing masks […]

EBRD supports Moroccan cheese-maker with additional €3.5 Mln funding

The European Bank for Reconstruction and Development (EBRD) announced on Tuesday an additional €3.5 million loan to Land’Or Maroc Industries (LMI), a Moroccan subsidiary of Land’Or, a leading Tunisian producer of processed cheese. The new financing will enable LMI to purchase and install additional equipment and build a storage extension at its new cheese manufacturing […]