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Morocco’s RAM, Israeli El Al sign code sharing agreement

Morocco’s flag carrier Royal Air Maroc (RAM) and Israeli carrier El Al signed a code-share agreement in Tel Aviv on Monday. The agreement was signed during a ceremony co-chaired by RAM CEO Hamid Addou and El Al CEO Avigal Soreq, held on the sidelines of RAM’s inaugural flight between Casablanca and Tel Aviv. The code […]

Maroc Telecom to invest 10 billion dirhams to develop telecommunications

Maroc Telecom announced Monday it will invest 10 billion dirhams over the coming three years to promote telecommunications in Morocco. “As part of its proactive investment policy, Maroc Telecom has signed the sixth investment agreement with the Government for the development of telecommunications in the Kingdom,” said the leading telecom operator in a statement. “Under […]

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 […]