Benghazi

Egypt Locks in $140m Funding to Kick-Start New Alamein Silicon Industry

Egypt has secured $140 million in long-term syndicated financing for the first phase of a metallic silicon and silicon derivatives complex in the industrial zone of New Alamein, marking a strategic step in deepening domestic value-added manufacturing. The financing agreement was signed this week, in the presence of Minister of Petroleum and Mineral Resources, Karim […]

Maroc Telecom pays $630 mln in damages to Inwi

Telecom operator, Maroc Telecom, has paid 6.3 billion dirhams ($630 mln) in damages to its competitor Inwi after it was indicted by a court for anti-competitive practices. The fine represents 17% of the firm’s turnover and exceeds the 6.1 billion dirhams it made in profit last year. Fingers are pointing to Maroc Telecom’s CEO Abdesslam […]

Morocco: Water levels rise in inundated Ksar El-Kebir

Water levels in Ksar El Kbir increased further with new neighborhoods submerged by water released from a dam that runs over capacity. Due to the emergency, authorities evacuated most people of Ksar El Kbir in an operation that reached 154,000 people taken to safety. The large-scale emergency response across the Gharb and Loukkos regions came […]