Tag: bureaucracy
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Algeria: After denying any desire to withdraw, TotalEnergies slips away secretly from Arzew project

North Africa PostComments Off on Algeria: After denying any desire to withdraw, TotalEnergies slips away secretly from Arzew project

TotalEnergies has abandoned the polypropylene plant project at Arzew, located on the Algerian coast, near Oran. However, no official announcement has been made by the French group. It was until May 18 that the British oil services company Petrofac revealed that STEP Polymers SPA (a 100% subsidiary of the Algerian state company Sonatrach) had awarded […]
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Egypt : Investment Minister opens door to foreign investors

North Africa PostComments Off on Egypt : Investment Minister opens door to foreign investors

Egypt’s Minister of Investment Ashraf Salman has shown his determination to revive the economy if there is political stability. He has fixed the bars for his term in office as he set his sights on increasing the Foreign Direct Investment (FDI) by almost 100%.  In 2008, Egypt’s FDI reached $13,2billion but shrunk drastically after the […]