Rabat – Chinese cobalt supplier Huayou unveiled plans to invest MAD 200 billion ($20 billion) in a factory dedicated to manufacturing batteries for electric vehicles in Morocco’s Laayoune Sakya Al…
Category:
Business
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Egypt’s central bank has raised rates of return on the local currency by 1,100 points from March 2022, in a move initially intended to curb inflation and support the Egyptian pound.…
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The Egyptian Ministry of Finance issued an urgent statement on Friday commenting on Moody’s, the global credit rating agency’s decision to place Egypt under negative review for three months. Placing the status…
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BusinessChinaNewsRussia
How Sanctions Have Changed the Face of Chinese Companies in Russia
by Wunna Htunby Wunna HtunThe latest sanctions under discussion in the European Commission since May 8 would target several Chinese companies involved in supplying dual-use components to Russia. Those companies include several semiconductor producers that have…
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Several Chinese companies are planning to make new investments of a total of $487 million into China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna, the Suez Canal…
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AlgeriaBusinessEuropeNewsNorth Africa
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…
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BusinessMoroccoNewsNorth AfricaUK
Morocco’s CGEM Hails British Justice’s Rejection of Pro-Separatist Action, Calls ‘Victory’ for Both Countries’ Businesses
by Zeya Mgby Zeya MgBritish Justice’s rejection of pro-separatist action, a ‘victory’ for both countries’ businesses, CGEM says London Court of Appeal’s rejection of the case brought by pro-separatist NGO WSC against the Morocco-UK…
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AlgeriaBusinessEconomyNewsNorth AfricaTunisia
Tunisian-Algerian Professional Meetings in Fisheries and Fish Production May 22-25 in Algiers
by Ag Kan Kyawby Ag Kan KyawTunisia – The Exports Promotion Centre (CEPEX) announced Sunday, through its commercial representation in Algiers, the holding of Tunisian-Algerian B2B professional meetings in fisheries and fish production from May 22 to…
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BangladeshBusinessEconomyGlobal NewsNews
Bangladesh’s Forex Reserves Fall to Around 6-Year Low to $31.14 bn
Bangladesh’s foreign exchange reserves reached $31.14 billion by the end of March, the lowest since December 2016, showed the latest central bank data. Bangladesh Bank (BB) data showed the country’s…
