First Independent Mena Newspaper
French Colas Rail Company, leader in railway infrastructures, has been awarded by Casa Transport SA, a €15 million contract for building the low-voltage systems for lines T3 and T4 of the Casablanca tramway. This new contract includes studies and the installation of the low-voltage systems on track, video surveillance & sound system, supervisory control and […]
The European Investment Bank (EIB), a financial arm of the European Union (EU), announced Thursday it provides €60 billion ($62.58 billion) for economic development in Gaza. The financing program was unveiled by EIB Vice President Gelsomina Vigliotti and EU representative Sven Kuhn von Burgsdorff during a visit to Gaza, the EIB said in a press […]
Morocco wants private investors to take the lead in spurring economic growth by increasing their share in total investments in the country to two-thirds, Moroccan investment and economy minister said. Morocco will adopt an investment charter that is designed to encourage private investment in the country, where the state was historically the main investor, finance […]
The European Bank for Reconstruction and Development (EBRD) provides Moroccan Agence Nationale des Ports (ANP) a €40 million loan to enable the agency enhance climate resilience of ports of the North African Kingdom. The loan is the first to a Moroccan state-owned entity without a sovereign guarantee. It will comprise two tranches: a €15 million […]
Casablanca is poised to play a major role as an export hub for sustainable packaging solutions thanks to major investments by global suppliers, such as Elopak. Norway’s Elopak has recently acquired the plants operated by Naturepak in Morocco and Saudi Arabia, as it sees strong growth potential in the MENA region and Africa, Elopak CEO […]
Mohamed Taher Issa, a Libyan businessman and ally of Tripoli-based Prime Minister Abdul Hamid Dbeibeh, has launched Med Sky (short for Mediterranean Sky) to operate flights between the oil-rich country and Europe, Libya Update reports. Med Sky is based in Malta and Misrata. A source who asked not to be named because not allowed to […]
The European Bank for Reconstruction and Development is holding its first in-person annual meetings since 2019 in Marrakech with the war in Ukraine expected to dominate discussions. The event will bring together representatives from the Bank’s 73 country and institutional shareholders on May 10-12. King Mohammed VI has given his high patronage to the EBRD’s […]
The cabinet of Fathi Bashagha; one of Libya’s current two Prime Ministers, has approved a draft budget of nearly 95 billion Libyan dinars ($20 billion) for 2022. “The draft budget for the fiscal year 2022 was presented, discussed, and delivered during a meeting chaired by Prime Minister Fathi Bashagha on Thursday,” Minister of planning and […]
Morocco is seeking to purchase Israeli cruise missiles “Delilah” to enhance further its multi-layered defense capabilities, according to specialized “Defensa” magazine. The North African Kingdom has opened negotiations with Israeli Elbit Systems to get the Delilah missiles for its F-5 jets as the country intends to upgrade these supersonic light fighters with advanced sensor systems […]
Morocco’s competition council fined Switzerland’s Sika Ag for its non-compliance with local competition law, the first sanction delivered by the regulator since its creation. Sika Ag had acquired Dry Mix Solutions, both operating in the manufacturing of construction material, without informing or getting approval from the Moroccan competition council in advance. The fine stood at […]