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Business Emerging Markets Headlines Morocco

Morocco’s RAM to quadruple its fleet to 200 aircrafts by 2037

North Africa Post

Moroccan flag carrier RAM plans to increase its fleet fourfold from 50 aircrafts to 200 by 2037 as the country prepares to host 67 million tourists, the Prime minister’s office said. A contract, signed Tuesday, covers the 2023-2037 period providing for an increase in the state’s contribution in RAM’s capital, the prime minister’s office said. […]
Africa Algeria Headlines International

Polisario Leader: Self-Proclaimed SADR is NOT a State as It Relies on Algeria for its Survival

North Africa Post

A so-called minister of the polisario armed militia has acknowledged that the self-proclaimed “Sahrawi Arab Democratic Republic” (SADR) is not a state, affirming that the separatist group has always relied on Algeria for its survival, dealing a hard blow to the Algeria-backed secessionist propaganda. Speaking at a meeting held lately in the city of Mantes-La-Jolie, […]
Egypt Energy Headlines

Egypt to invest $748.5M in drilling 46 new oil and gas wells

North Africa Post

The Egyptian Government plans to drill 46 new oil and gas wells this fiscal year, with an investment of $748.5 million. Minister of Petroleum and Mineral Resources, Karim Badawi, announced on Monday that 15 agreements are in the pipeline, accompanied by $20 million in signing bonuses. The Government aims to boost domestic output, reduce imports, […]