gas pipelines

Morocco’s economy seen slowing in 2020 due to drought & covid-19 fears

Morocco’s economic growth could sink to as low as 2% in 2020 from a previous estimate of 2020, Reuters and Bloomberg reported citing head of the high commission for planning Ahmed Lahlimi. When Morocco put forward a growth estimate of 3.5%, the context was promising with first autumn rain and good prospects for tourism market […]

Chinese Midea Group contemplates acquiring Electrolux Group’s Egyptian Zanussi

The Chinese electrical appliance manufacturer Midea Group is considering acquiring the Swedish appliances manufacturer Electrolux Group’s Zanussi brand and its assets in Egypt, reports say. Electrolux Group announced mid last month plans to exit the Egyptian market. The company indicated that it is preparing to sell its factories in Egypt, which produce the main appliances […]

US top diplomat to boycott G20 summit in South Africa

US Secretary of State Marco Rubio said he will not attend the G20 summit in Johannesburg, due to what he described as “anti-Americanism” by South African authorities. The decision came against the backdrop of Trump threats to halt aid for South Africa which plans to implement land redistribution acts detrimental to the white minority. Trump’s […]