moroccan banks

Algeria’s security erodes as political system crumbles

Algeria is bracing for tough times characterized by uncertainty at the security, economic and political levels. The country’s economy remains heavily dependent on hydrocarbon exports, which saw a sharp decline after the oil price plunge combined with an opaque regime whose living-dead president is leaving question marks over who really runs the country. The return […]

Turkey’s Baykar to produce military drones in Morocco, a momentum to Kingdom’s defense industry

Morocco’s defense industrial ecosystem is gaining momentum with Turkish Baykar Company strategic decision to establish a manufacturing site of military drones in the North African Kingdom. Baykar, a global leader in drone industry, has set up a Moroccan subsidiary, named “Atlas Defence”, based in Rabat. The Moroccan plant is dedicated to the design, production, and […]

Renewable energies: Egypt’s capacity hits 6,000 MW

It’s official! The renewable energy has reached a capacity of 6,000 MW in Egypt, according to Mohamed el-Khayat, Executive Chairman of the New & Renewable Energy Authority (NREA). The North African nation reached the target, a year before the government deadline to add 20% renewable energy in the country’s electricity mix. Of the 6,000 MW […]