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Algeria: State-Owned IMETAL Takes over ArcelorMittal’s Shares in Three Companies

Algerian public company IMETAL specialized in metal work and steel industry took control on Sunday of shares of Indian giant ArcelorMittal in ArcelorMittal Algérie (AMA,) ArcelorMittal Pipes and Tubes Algeria (AMPTA) and ArcelorMittal Tebessa (AMT,) reports say. The deal has been in the pipeline since October last year. The Indian giant controlled 49 per cent […]

Morocco to Start Building 180 MW Wind Farm, Part of Integrated Energy Project

Moroccan leading independent power producer Nareva and Enel Green Power (EGP), a leader in renewable energy, have signed all financing agreements for the construction in Midelt of the first of the wind farms included in the 850 MW integrated project. The construction of Midelt wind farm, whose capacity amounts to 180 MW, is expected to […]

Morocco Calls for Reviving Humanism, Mutual Respect, Tolerance in the Mediterranean

Morocco has called for consolidating humanism, mutual understanding, mutual respect and tolerance in the Mediterranean, a meeting point of cultures and civilizations and an area that played such a decisive part in the history of mankind. “The Mediterranean must become, once again, an area of lasting peace and shared prosperity. It should, once again, stand […]