King Mohammed VI

Libya Intercepts Fuel-Smuggling Ship

Libyan coastguards on Saturday have intercepted a ship with a 12-man foreign crew suspected of smuggling fuel. “The coastguards were conducting a reconnaissance mission when they intercepted the tanker carrying about 1.66 million liters of diesel,” coastguard official Abu Ajila said. According to him, the vessel “Captain Khayyam” was sailing under a Sierra Leone flag […]

ICSID rejects most Corral Holding’s claims in Samir refinery case

the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank rejected most of the claims of Corral Morocco Holding, owned by Saudi billionaire Al Amoudi in a case filed against the Moroccan government over the shut-down of Samir refinery. The arbitration institution ordered Morocco to pay just 6% of the total 2.7 […]

Tunisair acquires five A320 neo jets, orders ATR 72-600s

Tunisia’s national flag bearer, Tunisair, has announced it has acquired five A320 neo aircrafts and placed order for three ATR 72-600s, in a move to improve its fleet. The airline on its facebook page said it has completed talks for the acquisition of the aircraft through Sale and Lease Back operation. According to terms of […]