King Mohammed VI and Joe Biden then vice-president

Egypt signs $6.8billion petrochemical projects with Kuwaiti companies

Cairo announced that it has reached preliminary deals worth $6.8 billion with Kuwaiti companies for the establishment of petrochemical projects. The initial agreements signed on Sunday involved several companies including Egypt Kuwait Holding Company, Kuwait Gateway Holdings and Boubyan Petrochemical Co. Prime Minister Ibrahim Mahlab represented the government during the signing of Memorandums of Understanding with […]

Morocco’s OCP posts record $11.28 bln revenue in 2022

Morocco phosphates and fertilizers producer OCP posted a record revenue of 11.28 billion dollars in 2022, up 40%, thanks to high prices as well as industrial flexibility, commercial agility, and efforts to reduce production costs. “OCP was able to fully leverage the benefits of higher prices, while calibrating production to match the attendant lower volumes, […]

Tunisia Denies Housing a Secret US Military Base

Tunisia has denied reports that it is one of the countries allowing the US army to secretly use one of its military bases to carry out intelligence missions and launch drone attacks in neighboring Libya. Defense Minister Farhat Horchani refuted the reports stating that “we don’t and won’t have a foreign military base in Tunisia.” […]