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…
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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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EconomyEnvironmentMoroccoNewsNorth AfricaUAE
Emirati Company Masdar Invests in Plastics Treatment in Morocco
by Wunna Htunby Wunna HtunMasdar Energy, an Emirati company known for its significant investments in renewable energy and sustainable technologies across the Middle East, is finally making its debut in Morocco after more than a…
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AsiaCentral AsiaEconomyFeaturedGlobal NewsInvestKazakhstanNational SecurityNews
Kenges Rakishev: Influential Entrepreneur from Kazakhstan
Paris, Washington (13/7 – 50) Kenes Rakishev (Keñes Hamitūly Raqyşev) aka Kenges Rakishev is an entrepreneur, philanthropist, former special envoy for Kazakhstan, head of the Kazakh boxing federation, a family…
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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…
