After an extended period marked by concerning water level declines, Al Wahda Dam, Morocco’s largest reservoir, is progressively recovering thanks to significant recent precipitation. These rains delivered nearly 600 million cubic meters of water inflows, bringing total stored volume to over 2.069 billion cubic meters—a 59.16% fill rate. Precipitation exceeding 295 millimeters played a decisive […]
Reminex SA, a subsidiary of Morocco’s largest mining company Managem, signed a partnership agreement with global engineering company China Electronics Corporation on a cobalt sulfate factory. “This strategic and know-how sharing partnership represents a major opportunity to build an industrial cluster and contribute to the Moroccan-Chinese alliance,” Reminex said in a statement. The new plant […]
Despite the surging interest, Libya continues to close its door to foreign banks on the basis that the legal framework is still under preparation. One of the latest banks to have its request rejected on numerous occasions by the Libyan Monetary Authority (LMA) is the National Bank of Egypt (NBE) according to reports. The NBE […]
