Algerian army

Spanish Aciturri aeronautics group acquires moroccan GOAM, moves to Casablanca

The Spanish aerospace group Aciturri Aeroengines moved into Casablanca following the acquisition of the Moroccan company GOAM Industrie. “Aciturri Aeroengines has officially acquired GOAM Industrie, a manufacturer of engine components located in Casablanca’s Midpark, specializing in the production of turbine and aircraft engine parts,” stated the Spanish group in a statement posted on the social […]

U.S. supports training of Morocco’s Royal Navy Special Forces

American and Moroccan military officials inaugurated on Thursday near the city of Tangier a 15-m high training tower for the Royal Moroccan Navy Special Forces. A team from the U.S. Navy Mobile Construction Battalion One worked with Moroccan Navy partners to complete construction of the tower, at a cost of $710,000. The U.S.-funded project started […]

EIB, Banque Misr ink two deals to support SMEs in Egypt

The European Investment Bank (EIB) and Banque Misr have signed two technical assistance agreements to support small- and medium-sized enterprises (SMEs), Arab Finance reports citing emailed press release on July 6th. The first program will bolster Banque Misr’s credit risk management and help it adopt SME financing best practices. The second according to the statement […]