Business and Companies
45 articles
North Africa Bank to enable direct Alipay payments from Libya to China
Libya's North Africa Bank is set to launch a direct payment service to China via Alipay, allowing Libyan account holders to make mobile transactions for Chinese goods and services. The move signals a new phase in Libya's financial connectivity with Asia.
Morocco secures Synhelion synthetic fuel plant in Tan-Tan
Morocco has landed a major clean-energy investment as Synhelion signs a deal to build a synthetic fuel plant in Tan-Tan, aiming for 100000 tonnes of renewable fuel annually and positioning the country as a regional green industry hub.
Indian Exporters Target New Sectors in Algeria as Trade Diversifies
Indian exports to Algeria are rapidly expanding beyond traditional goods, with engineering, pharmaceuticals, and agri-food products now leading the charge. This shift is opening new commercial opportunities for Indian businesses seeking a foothold in North Africa's evolving markets.
Moroccan Startup One Med Link Targets Hospital Data Bottlenecks with AI Platform
One Med Link is rolling out an AI-powered platform designed to streamline clinical workflows and structure health data in Moroccan hospitals, aiming to address inefficiencies and underrepresentation of African data in global medical research.
Al-Ittihad Forces Record Transfer for Hadj Moussa After Feyenoord Standoff
Al-Ittihad has secured Algerian international Anis Hadj Moussa from Feyenoord in a €40 million move, shattering the Dutch club's sales record and highlighting the Gulf's growing pull on North African talent. The deal awaits only a final bank guarantee.
Garnest sets aggressive growth targets for Egypt vacation rental market
Garnest, a vacation rental booking platform, is pursuing rapid expansion in Egypt with ambitions to reach 100,000 customers and 10,000 accommodation listings after an initial surge in users and properties. The company is also preparing to diversify its travel services.
Masyaf Ras Al Hekma construction accelerates as phase two launches
M squared has reached 41 percent construction completion at Masyaf Ras Al Hekma, with phase two now underway and 70 percent of units sold. The project is expanding its commercial and lifestyle offerings as it targets full delivery by 2027.
Modon Developments accelerates Green River Tower construction in New Capital
Modon Developments has committed EGP 5bn to the Green River Tower in Egypt's New Administrative Capital, with construction now over halfway complete and a push to deliver the project within eight months. The tower will offer commercial, office, and hotel space.
Spanish and Libyan Chambers Drive Direct Business Engagement in Tripoli
Spanish and Libyan business leaders are accelerating commercial ties with a multisector mission in Tripoli, leveraging direct air connectivity and targeted B2B meetings to unlock new trade and investment opportunities across food, tobacco, and electrical sectors.
Harouge Oil Operations lifts output with new Amal Field well
Harouge Oil Operations has brought its B79A replacement well online at the Amal Field in Libya, adding 2000 barrels per day to production as part of a targeted 2026 capacity expansion. The move signals renewed momentum in Libya's oil sector.
US Business Delegation Defies Travel Warning to Pursue Libya Projects
American executives landed in Benghazi for the Libyan-American Development and Reconstruction Forum, pushing for concrete partnerships and project launches even as the US State Department maintains its highest-level travel warning for Libya.
Egypt launches EU partnership to overhaul technical education for industry
Egypt has joined the EU-backed AlignVET project, aiming to redesign technical and vocational education by embedding industry requirements into curricula. The initiative targets the ready-made garments and home textiles sector, with manufacturers shaping training to match real factory needs.
Algérie Ferries launches early bookings for 2026 autumn and winter sailings
Algérie Ferries has opened reservations for its 2026-2027 autumn and winter season, allowing passengers to secure tickets for cross-Mediterranean routes well in advance. The move signals a push for early planning and digital access for Algerian maritime travel.
Libya and South Korea set date for economic forum in Tripoli
Libya and South Korea have locked in 28 September 2026 for a major economic cooperation forum in Tripoli, with officials now pushing for visa exemptions and direct business meetings to accelerate investment and trade between the two countries.
Tripoli Chamber Targets Spanish Investment Surge with B2B Push
Libya's Tripoli Chamber of Commerce is set to host targeted B2B meetings with Spanish firms, aiming to unlock new investment in food, cleaning, tobacco, and electrical sectors-signaling a calculated move to diversify Libya's economic partnerships.
Libya Courts Tunisian Investors to Boost Local Building Materials Industry
Libya's Ministry of Housing and Reconstruction is seeking to accelerate domestic building materials manufacturing by leveraging Tunisian investor expertise, aiming to reduce import reliance and strengthen the country's construction sector.
Expro Launches $380m Well Services Contract in Algeria
Expro has commenced a four-year, $380 million contract in Algeria to optimise hydrocarbon production and well management across multiple fields, marking one of its largest projects in North Africa and reinforcing Algeria's upstream investment drive.
Algeria Rises to 8th Largest Importer of Egyptian Food Products
Algeria has become the eighth largest global importer of Egyptian food products, with imports rising 29% to $159 million between January and July 2026, reflecting deepening trade ties and shifting regional market dynamics.
Saudi Companies Eye Entry into Libyan Market for Strategic Partnerships
Major Saudi companies are preparing to enter the Libyan market, with plans for bilateral meetings aimed at exploring cooperation and forming strategic partnerships. The move signals growing economic engagement between Libya and Saudi Arabia across multiple sectors.
NOC Engages US Universities to Boost Training and Streamline Deployment
Libya's National Oil Corporation has held a virtual meeting with leading US universities and the US Embassy to enhance the quality of its workforce training and simplify visa and deployment processes for technical staff.
Libyan Express to Launch Direct Flights to Malta, Rome and Milan
Libyan Express will introduce direct flights from Libya to Malta, Rome and Milan from 6 September, expanding travel options for Libyan passengers through a new partnership with Aeroitalia and 4Airways. The move aims to strengthen regional connectivity and competition.
Air Canada Cancels Planned Montreal-Algiers Flights for Summer 2027
Air Canada has removed its planned direct Montreal-Algiers flights from its summer 2027 schedule, extending the suspension of this key transatlantic route and leaving Air Algérie as the sole operator of direct flights between Canada and Algeria.
Misrata Chamber of Commerce Engages Chinese Petroleum Delegation
The Misrata Chamber of Commerce hosted a delegation from the Chinese Chamber of Commerce for Petroleum Industries to discuss expanding economic and investment cooperation, with a focus on energy, industrial projects, and technology transfer in Libya.
Libya Explores KPMG Partnership to Advance Industry and Mining
Libya's Ministry of Industry and Minerals is seeking to leverage KPMG's international expertise to develop industrial and mining sectors, focusing on strategic planning, investment mapping, and institutional efficiency to boost competitiveness.
Libya's Ministry of Health advances PharmaGate for pharmaceutical regulation
Libya's Ministry of Health is expanding its PharmaGate digital platform to centralise the registration and oversight of pharmaceutical companies, aiming to improve transparency, efficiency, and data management in the sector.
NOC Commissions Advanced Oil Flow Measurement at Sidra Terminal
Libya's National Oil Corporation has launched a modern crude oil flow measurement system at the Sidra terminal, aiming to improve export accuracy and operational transparency in line with international standards.
Algerian Banks Cut Fees and Expand Online Use for €750 Travel Allowance
Algerian banks have reduced international card issuance fees and now allow the €750 annual travel allowance to be used for online payments abroad, aiming to modernise banking services and ease access for travellers.
Mitiga Airport Expands Aviation Fuel Storage by 500,000 Litres
Mitiga Airport in Tripoli is set to boost its JET A-1 aviation fuel storage by 500,000 litres, with four new tanks to improve refueling capacity and supply flexibility. The upgrade aims to strengthen operational reliability for air traffic at the airport.
Egypt's FRA suspends consumer finance firm after unauthorised school loans
Egypt's Financial Regulatory Authority has suspended a consumer finance company, revoked its CEO's licence, and initiated criminal proceedings after the firm exploited parents' data to issue unauthorised loans for school fees, raising regulatory and consumer protection concerns.
MSMEDA and Startup Egypt sign deal to boost startup support
Egypt's MSMEDA has signed a memorandum of understanding with Startup Egypt to expand technical and financial support for startups, aiming to strengthen the entrepreneurship ecosystem and improve access to resources for early-stage businesses.
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