Egypt cancels $50M solar power plant project in Aswan

Egypt’s New and Renewable Energy Authority (NREA) decided to cancel a project for the establishment of a 50-megawatt solar power plant in the South of Aswan worth a $50 million investment, Asharq Business reports citing three officials. Per the sources who asked not be named because not allowed to speak on the matter, the establishment […]

Morocco’s Raspberry Gains Access to US Market

Moroccan producers of raspberry have received the green light from the US health and agricultural authorities to export their output to the American market which has grown significantly over the past few years. The announcement has just been made by Morocco’s food safety agency (ONSSA). Moroccan raspberries secured access to the American market after extensive […]

Financing of SMEs: Banks to Apply Lowest Interest Rates Ever

In implementation of King Mohammed VI’s instructions to make the banking system conducive to development and to lower the rate of interest on loans within the framework of the integrated program of support and financing of SMEs, it has been decided that the interest rate will not exceed 2%. In response to the wishes of […]