Egypt: Money bag Sawiris wants to save illegal migrants

Egyptian business tycoon Naguib Sawiris invited Greece and Italy to let him buy an island where he will house illegal migrants fleeing their counties. Sawiris said his offer will help migrants start a new life and build their own country. “Greece or Italy sell me an island, I’ll declare its independence and host the migrants […]

U.S. & African Union Agree to Set up Strategic Investment Working Group

The United States and the African Union Commission have agreed to establish a Strategic Infrastructure and Investment Working Group (SIWG), to advance U.S.-Africa economic partnerships that create jobs, prosperity, and economic security both in America and across Africa. The announcement was made by the U.S. State Department in a press release issued Wednesday following the […]

Chinese tire manufacturer starts building major plant in Morocco

Shandong Yongsheng Rubber Group Co., Ltd., a leading Chinese tire manufacturer, has launched construction works of a major plant in Morocco, enhancing further the country’s growing automotive ecosystem. The Chinese group has earmarked $675 million investment for this new production site to be built over a 25 ha area in the Betoya Free Zone, Driouch […]