Air Algérie

L3Harris Technologies to Fit Morocco F-16 Jets with Smart Weapons

U.S. defense company L3Harris has announced a $29 million contract to provide smart weapon release systems to Morocco, Bahrain and Jordan, three allies of the United States. The L3Harris system gives F-16 pilots more firepower and expands their missions. The Bomb Release Unit (BRU)-57/A allows F-16s to carry two smart weapons on each system instead […]

French Société Générale confirms sale of its Morocco bank to Saham for €747 million

French Société General plans to sell its majority stake in its Moroccan branches to Saham group for 745 million euros, as it continues its divestment from the African continent. The transaction which includes Société Générale Marocaine de Banques and La Marocaine Vie is expected to be completed by end of 2024. The French group owns […]

Egypt: One police officer, seven suspected militants killed in gun battle in Cairo

A police officer and seven alleged terrorists died in a gun shootout during a security raid on a terror cell, in capital Cairo, the Interior Ministry said Wednesday. The ministry said the raid came on the back of intelligence that the terror cell was using several areas in southern and eastern Cairo as hideous to […]