Economy and Investment - Page 2
171 articles
Dawi Clinics pushes for affordable healthcare for Egypt's middle class
Dawi Clinics, co-founded by Magda Habib, is building a network of thirty clinics across Egypt to offer affordable, reliable healthcare for the country's middle class. The company is challenging Egypt's patchwork system and aiming to become a trusted national name.
Morocco pushes ahead with $10 billion high-speed rail as five station bids open
Morocco's $10.1 billion high-speed rail project is picking up speed. Five international contractors are now preparing bids to build major new stations along the Kenitra-Marrakech line, backed by €405 million from the African Development Bank.
African Development Bank backs green hydrogen push in North Africa
Four major green hydrogen projects in Egypt, Morocco, Namibia, and South Africa will get $20 million in grants from the African Development Bank. The goal: unlock $23 billion in investment and speed up the region's renewable energy plans.
US pushes $5 billion fund to rebuild Middle East energy sites
The US wants to set up a $5 billion fund to help fix Middle East energy infrastructure after the US-Israeli war on Iran. Saudi Arabia and the UAE have been approached, but the region faces tens of billions in damage.
Nigeria pushes Libya gas pipeline plan at Bangkok summit
Nigeria is stepping up its push to attract investment for its huge gas reserves, using the Gastech 2026 summit in Bangkok to advance talks on a Nigeria-Libya pipeline and set up a joint technical team to test if the project can move forward.
Libya launches EU-backed push for cleaner energy and green industry
Libya's Ministry of Industry and Minerals has started a new phase of work with the EU and Expertise France. The goal: overhaul energy efficiency and speed up the country's move to green industry through new rules, training, and pilot projects.
Messe Düsseldorf brings Morocco Food World to Casablanca, targeting food sector upgrade
Messe Düsseldorf will launch Morocco Food World in 2027, bringing advanced processing and packaging tech to Morocco's growing food industry. The event strengthens the interpack alliance's reach across North and West Africa.
Libyan oil production back online after pipeline briefly shut by security forces
Libya's National Oil Corporation (NOC) quickly restored oil output after Petroleum Facilities Guard members blocked the Hamada-Zawia pipeline. The stoppage, which hit several western fields, shows how fragile the region's energy infrastructure remains.
Bordeaux Aquitaine Morocco Association relaunches to drive new regional ties
The Bordeaux-Aquitaine-Morocco association is back in action in Bordeaux. Both sides now want to turn old connections into real economic, cultural, and academic projects that matter.
Libya and GIZ plan first Green Business Incubator and venture fund
Libya's Planning Institute is working with GIZ Libya to set up the country's first Green Business Incubator and a venture capital fund. The goal is to drive investment and support for new businesses focused on sustainability and the circular economy.
Chevron returns to Libya as oil sector seeks production revival
Chevron's re-entry into Libya signals a renewed push to revive the country's oil sector, but the scale of future production gains will depend on whether political and security risks can be contained long enough to attract sustained international investment.
Libya moves to inject foreign currency as dinar slides on black market
The Central Bank of Libya is preparing to inject foreign currency into the market in an effort to halt the dinar's slide, following recent improvements in economic indicators and new agreements with international partners.
Algeria sees record tourism boost after targeted visa changes
Algeria's tourism sector is seeing rapid growth, with 3.5 million visitors in 2024 after new visa rules for organized tours and expanded air routes. The country is emerging as a major North African destination.
MAN Truck & Bus turns to private sector with Libya Motors deal
Germany's MAN Truck & Bus has named Libya Motors Company as its exclusive distributor in Libya, moving away from state partnerships to deliver premium vehicles and support to the country's commercial transport sector.
Libya signs deal with BMA for major sugar plant in Juliana
Libya has moved to boost its domestic sugar production by contracting Germany's BMA to build a modern processing plant in the Juliana Free Zone, aiming for 2500 tons daily capacity and a 24-month completion timeline.
Egypt commits $12 billion to AI and cloud overhaul, sets strict child online safety rules
Egypt has announced a $12 billion technology investment plan focused on AI, large-scale data centers, and digital infrastructure, aiming to become a regional tech hub while introducing new child online safety regulations and boosting digital exports.
Moroccan civil servants face record debt burden as banks fuel borrowing
Moroccan civil servants now devote an average of 44% of their income to debt repayment, the highest among all occupational groups, as banks and finance companies compete to extend credit amid stagnant wages and rising living costs.
Morocco's population ages as fertility falls and youth face job shortages
Morocco's population is aging rapidly as fertility rates fall below replacement level and young graduates struggle to find work. The resulting demographic shift is testing the country's social protection systems and economic resilience.
Tunisia's food surplus hits new high as olive oil exports surge
Tunisia's food trade surplus reached 983.1 million dinars in the first eight months of 2026, driven by a sharp rise in olive oil exports, even as the country's overall trade deficit continued to grow.
OMV confirms major oil find in Libya's Sirte Basin
OMV has declared its Essar well in Libya's Sirte Basin commercially viable, unlocking up to 45 million barrels of recoverable oil and accelerating the country's push to revitalise its energy sector after years of stagnation.
Morocco secures €405 million African Development Bank boost for rail and skills
Morocco has clinched €405 million in African Development Bank financing to overhaul the Kenitra-Marrakech rail corridor and launch a five-year vocational training drive targeting 260,000 young people without diplomas.
Libya secures record oil premium in one million barrel deal with India
Libya has sold one million barrels of Sirte/Missla blend crude to Indian Oil Corp at a premium of US$ 23 per barrel above Brent, marking the highest premium since the Iran war and highlighting surging demand for Libyan heavy crude in global markets.
Libya sets date for national energy transition summit in Tripoli
Libya's Ministry of Oil and Gas will bring together energy sector institutions in Tripoli on 24 September for a national conference focused on just and sustainable energy transition, aiming to chart a path for the country's energy future.
Morocco outlines new regional tourism plan at Paris trade show
Morocco has introduced a new approach to tourism, focusing on spreading visitors across all 12 regions and updating infrastructure. The plan, presented in Paris, is designed to create jobs and raise Morocco's international profile ahead of 2030 targets.
Italpress to cover Misurata Energy and Business Summit as official media partner
Italpress will act as the official media partner for the Misurata Energy & Business Summit in Libya, aiming to strengthen business ties between Italy and Libya and give Italian companies direct insight into opportunities at the Misurata Free Zone.
Morocco and EU confront migration crisis with new diaspora investment plan
After a deadly mass crossing at Ceuta left over 100 dead, Morocco and the EU are forced to rethink their migration partnership. A proposed Diaspora Fund aims to channel remittances into local investment, targeting the roots of youth emigration.
US hosts Maghreb energy officials for LNG technology push
The US Trade and Development Agency is bringing energy officials from Egypt, Jordan and Morocco to Washington and Houston, aiming to position American LNG technology and exports at the center of North Africa's expanding gas investment plans.
Libya blocks US dollar repatriation for international airlines
Libya is withholding US$ 25 million in international airline funds, placing it among the most restrictive countries for airline revenue repatriation. The move intensifies operational and financial risks for foreign carriers as regulatory and currency barriers persist.
Tunisia opens social housing pipeline to private developers
Tunisia is moving to bring private real estate developers into its social housing programmes, aiming to diversify supply for low- and middle-income households and accelerate delivery through greener construction and reduced bureaucracy.
Opec Fund allocates $200 million to Morocco and Oman infrastructure projects
The Opec Fund for International Development has approved $645 million for infrastructure and economic reform, with Morocco and Oman together receiving $200 million. Morocco will use its $150 million share to build a major dam aimed at improving water security.
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