Vienna-based OMV Group to resume drilling operations in Libya in February 2024

Austrian and Vienna-headquartered integrated oil, gas and petrochemical company OMV Group will resume exploration activities in February 2024, the North African country’s state-run oil company National Oil Corporation (NOC) has announced on Monday November 6. The announcement came after both sides held a technical meeting in Tripoli Sunday at NOC headquarters. The discussions touched on […]

German Siemens eyes €2 billion investment in mega wind farm project in Egypt

German independent power producer Siemens Gamesa is in talk with Egyptian authorities to inject €2 billion in a large wind power project in the East of the country.   According to officials, the mega wind project would generate 2 GW of electricity under a BOO (build, own and operate) contract, a form of public-private partnership […]

Global Trade Turbulence Opens a Window of Opportunity for Morocco — If It Can Seize It

The restructuring of global trade flows triggered by escalating US tariff policy is generating a strategic opening for Morocco, but economists warn that geography alone will not be enough to capitalize on it. According to the World Trade Organization, global merchandise trade growth is projected to slow sharply to 0.5 percent in 2026, compared to […]