UAE real-estate-development-IMKAN

Libyan rivals agree to appoint new central bank governor

Libya’s rival factions agreed to appoint a new central bank governor after the former chief left the country under pressure from militias. The Libyan infighting between the West and East governments spilled over to the Central Bank last month forcing suspension of its activity and jeopardizing the country’s monetary regulator. The House of Representatives based […]

Morocco’s railway operator picks Alstom for maintenance of its new-generation electric locomotives

Morocco’s national railway operator (Office National des Chemins de Fer) has chosen French Alstom company to ensure the maintenance of new-generation PRIMA M4 electric locomotives. An agreement was signed Wednesday by the two partners. It comes after the contract won by Alstom Morocco in 2018 for the supply of 30 locomotives. Since then, fifteen PRIMA […]

Financial Times highlights Morocco’s automotive industry potential

Morocco has imposed itself as a competitive hub for the automotive industry which has bounced back from the Covid-19 export crisis, the Financial Times reported. The country has stood as Africa’s largest car manufacturer and exporter since 2018, thanks to a state strategy that paved the way for investments and prepared skilled labor, the newspaper […]