LafargeHolcim- cement plant

EBRD to support Morocco’s advanced regionalization plans; green economy financing

The European Bank for Reconstruction and Development (EBRD) is committed to supporting the implementation of advanced regionalization, particularly in the Marrakech-Safi region, through major structuring projects, said new EBRD director in Morocco Antoine Sallé de Chou. The EBRD director’s remarks were made at a press briefing Wednesday following a meeting with the Wali of the […]

Algeria’s public finances vicious circle

Algeria’s appropriation bill for 2024 continues on track of prioritizing social peace at the expense of sustainability of public finances, auguring ill for the medium- and long-term macroeconomic balances of the country. The Algerian state will spend 38 billion dollars on its inflated public sector payroll, which takes the largest chunk of budget distribution. Civil […]

Huawei will modernize KSA’s rail

Saudi Arabia has reaffirmed its dedication to improve its railway transportation system, in partnership with Huawei technologies. Huawei has most recently developed means of road transportation equipped with modern facilities to suit the passenger’s comfort and the train ground wireless networks. Their operation is based on long-term evolution (LTE) technology. An amount of $45 million […]