First Independent Mena Newspaper
Spain’s car parts maker, Ficosa, is planning to set up in Morocco a plant specialized in producing in-vehicle cameras, Spanish media reported. The Catalonia-based Ficosa, which has been sold to Japan’s Panasonic last July, plans to invest €50 million in two new plants in Morocco and Malaysia respectively. The Moroccan factory will be located in […]
Sound Energy, the European and African focused upstream gas company, announced that it has received a funding proposal for its Tendrara gas export pipeline in eastern Morocco from Advisory & Finance Group Investment Bank. Sound Energy explained in a statement that after receiving a non-binding expression of interest from Oil & Gas Investment Fund (OGIF) […]
Libyan oil production has plummeted by more than 30 per cent after armed militants blocked pipelines and closed oilfields, resulting in loss in revenues of about $160m, the national oil company said on Wednesday. The largest Libyan oil field, Sharara, has been closed for more than ten days while another, El Feel, shut this week, […]
Morocco’s integration into the Economic Community of West African States is a “win-win” deal, says CEO of the German-African Business Association, Christoph Kannengieber. “ECOWAS will not be weakened by an economically strong country such as Morocco, and as an ECOWAS member, Morocco would be better able to fulfill its desired role as a bridge between […]
Morocco is the next hotspot for hotel expansion in the Middle East and North Africa region, with an influx of hotels set to open in the next few years, said Hotelier Middle East on its website. The website, specializing in the hotel business, featured statements by leading hotel operators in the region such as Hilton […]
From their rear base in Tindouf in South-Western Algeria, the Polisario front is watching with dismay the development momentum in the Moroccan southern provinces. The opening of the first restaurant of the US fast-food giant, McDonal’s, in the largest city in the Southern Provinces, Laayoune, is yet another blow to the Algerian-funded separatist militias in […]
Moroccan city of Marrakech will host the second Middle East & North Africa Business Aviation Association Show Sept.12-13. The event will bring together industry world leaders as Bell Helicopter, Swissport Aviation, Seaprime, G Ops, Gulfstream, Jetex, XJet… “We are pleased to welcome the MEBAA Show Morocco, the only business aviation show in North Africa,” said […]
The city of Marrakech is undertaking a pioneering experience at the national level by introducing electrical busses to replace diesel ones in a bid to reduce pollution, noise and enhance urban transportation. After a delay of a year in launching the E-busses, tests are ongoing with the goal of officially operating the busses by the […]
“Disguised imports”. It is thus that critics have described Algeria’s policy to set up car assembly plants. Since 2012, Algeria has been trying to attract foreign investments by automotive giants in order to reduce its imports bill, but the results so far are disappointing. Indeed, the opening of a car assembly plant by Volkswagen in […]
As part of efforts of bringing renewable’s share in overall electricity generation to 52% by 2030, Morocco has earmarked 2.3 billion dollars to boosting the use of solar energy in agricultural production. This investment is meant to bolster the use of solar energy in water pumping and to curb the consumption of Butane gas, said […]