Elswedy

Morocco Foils Smuggling Over 13 Tons of Cannabis

Moroccan security services have announced this weekend the seizure of over 13.7 tons of cannabis at the Tangier-Med port. The drugs were concealed in a semi-trailer truck registered in Morocco. An investigation was opened by the police for the arrest and trial of all those involved in this major drug trafficking operation. Last December, Moroccan […]

Tunisia: PAR and Sondes waiting on partnership

Since the conclusion of a preliminary agreement with Canadian oil and gas exploration and production company Sonde Resources in December, PA Resources (PAR) is still looking for farm-in partners for the Zarat license offshore Tunisia. The two companies hold the joint oil block license north of the Zarat concession, concerning unitization principles for the Zarat […]

Chinese Midea Group contemplates acquiring Electrolux Group’s Egyptian Zanussi

The Chinese electrical appliance manufacturer Midea Group is considering acquiring the Swedish appliances manufacturer Electrolux Group’s Zanussi brand and its assets in Egypt, reports say. Electrolux Group announced mid last month plans to exit the Egyptian market. The company indicated that it is preparing to sell its factories in Egypt, which produce the main appliances […]