Spain’s PP

Railways: Morocco’s ONCF Receives First Batch of Prima Electric Locomotives

Morocco’s national railway operator ONCF has received lately the first of 30 Prima M4 locomotives being manufactured by the French Alstom company under a €130 million deal concluded in 2018 between the two sides. The Prima M4 locomotives have a nominal power of 5.5 MW. The maximum running speed is 160km/h. Being electric, the M4 […]

Libya: Italian, Greek Prime Ministers on official visit

After the visits of several Ministers of Interior and Foreign Affairs and the visit of the head of the European Council last week in Tripoli, the Italian and Greek Prime Ministers paid an official visit to Libya on Tuesday April 6 to discuss with the new Libyan executive economic and security issues as well as […]

Egypt’s bond rating lowered by Moody

Moody, a Credit-ratings agency has downgraded Egypt’s government bond ratings by one notch from B2 to B3, citing the intensification of civil unrest and sliding foreign exchange reserves. It also added that it is maintaining the rating on review for further possible downgrade. According to the agency, the reason behind the decision “is the country’s […]