Blu EV, an Egyptian electric mobility company of billionaire Naguib Sawiris, is planning to invest $100 million in Morocco in a project of electric conversion of fuel-powered motorcycles. Its expansion into Morocco is part of a larger plan to grow gradually across MENA. The company is building on its success in Egypt in providing affordable […]
Italian energy group Eni has discovered a major natural gas at Narges-1 exploration well in the Narges Offshore Area Concession in the Eastern Mediterranean, offshore Egypt, the company announced Sunday in a press release. The multinational firm said it discovered 200 net feet (61 meters) of milocene and oligosin gas-bearing sandstones in the Nargis-1 well […]
The Algerian defense ministry Monday brushed aside a statement from President Abdeelaziz Bouteflika’s office that Deputy Defense Minister, General Ahmed Gaïd Salah has been sacked. The office of the 82-year old President who is also Defense Minister reportedly circulated a statement announcing the dismissal of Salah. The statement said Bouteflika appointed General Said Bey to […]
