Corporate Entities and Operators
30 articles
STIP swings to profit as cash strain and falling sales cloud outlook
STIP has posted a net profit of TND 4.7 million for 2025 after a year of deep losses, but the recovery is overshadowed by a sharp revenue drop, negative cash flow, and mounting liabilities that threaten the company's stability.
Fabtech completes turnkey cleanroom for Algerian veterinary plant
Fabtech Technologies has delivered a full-scale cleanroom and MEP solution for an undisclosed veterinary manufacturing facility in Algeria, marking another strategic investment in the country's pharmaceutical infrastructure and regional supply chain.
Libya targets industrial revival through international business partnerships
Libya is moving to break its reliance on oil by leveraging international business partnerships that focus on industrial capacity, supply chains and skills transfer. Major projects in steel and infrastructure are setting a new precedent for economic diversification.
UBCI accelerates asset and profit growth in Tunisia banking sector
UBCI has posted double-digit growth in assets, loans, and deposits for H1 2026, with net profit up nearly 10 percent. The bank's expansion signals renewed confidence in Tunisia's financial sector and its role in supporting economic activity.
SLB commits to deeper investment in Libya oil sector partnership
SLB has declared it will not scale back in Libya and instead plans to expand investment and operations to support the National Oil Corporation's production ambitions, as NOC leadership demands concrete long term commitments amid rising competition.
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.
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.
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.
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.
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.
Algeria Telecom Launches Remote Landline Transfer for Moving Households
Algeria Telecom has introduced an online service allowing subscribers to transfer their fixed telephone line to a new address without visiting a branch. The move aims to cut bureaucracy and streamline connectivity for households changing residence.
Algeria's Postal Authority Warns of Fraud as Bank Transfer Service Nears
Algérie Poste has issued a sharp warning to users after a surge in fraudulent social media pages offering fake CCP-to-bank transfers, just as the real interbank transfer service enters final testing ahead of a 2026 launch.
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.
Messina Line to Integrate Algeria and Libya Shipping Services in September
Messina Line will launch a new West Med Line in September, merging its Algeria and Libya routes to improve cargo transit times and strengthen shipping connectivity across the Western Mediterranean.
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.
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.
Kulevi Oil Refinery Receives First Libyan Oil After Russian Supply Halt
Georgia's Kulevi oil refinery has received its first shipment of Libyan oil after halting Russian crude imports in response to EU sanctions. The move marks a shift in supply strategy, with the refinery now sourcing oil from Kazakhstan and Libya.
Algerian Telecom Operators Provide Free Services After Wildfires
Algeria's leading telecom operators, including Ooredoo, Mobilis, Djezzy and Algérie Télécom, are offering free internet, calls and SMS for one week to support residents affected by recent wildfires across several wilayas, aiming to maintain vital communications.
GECOL Brings First South Tripoli Power Unit Online Amid Ongoing Crisis
Libya's General Electricity Company (GECOL) has started operating the first unit at the new South Tripoli power station, a key step in efforts to address the country's acute electricity shortages and frequent blackouts.
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.
GECOL Probes Sabotage and Explosion at Key Libyan Substations
Libya's General Electricity Company (GECOL) has launched an investigation into sabotage at multiple substations, including a recent explosion in Sug Il Juma, warning that further tampering could trigger a nationwide blackout and threaten grid stability.
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.
GECOL Handles Nearly 10,000 Power Outage Reports in Libya
Libya's General Electricity Company (GECOL) received 9,750 citizen calls about power outages in a single day, with most issues reportedly resolved through rapid coordination between the new reporting centre and technical teams.
Consumer Group Urges Naftal to Ease Emergency Tyre Access
Algerian consumer association " Himayatec " has called on Naftal to revise its tyre distribution system, arguing that the current online registration process is too rigid for motorists facing urgent roadside tyre failures.
CPA Launches New Financing Scheme for Algeria's Ageing Bus Fleet
The Crédit populaire d'Algérie (CPA) has introduced a new financing offer for collective transport operators, aiming to accelerate the replacement of buses over 25 years old and support the modernisation of Algeria's public transport sector.
Vivo and STI Launch Smartphone Manufacturing Plant in Oran
A new smartphone factory has begun operations in Oran, Algeria, through a partnership between STI and Chinese brand Vivo. The facility aims to ramp up production from 2,000 to 6,000 units daily, with significant job creation expected.
Benghazi Chamber of Commerce Backs Julyana Tourist Area Project
The Benghazi Chamber of Commerce has joined the contract signing for the Julyana Tourist Area, a major development aiming to attract investment, boost tourism, and support urban regeneration in Benghazi.
Egypt's Top 10 Developers Reach EGP 670bn in H1 2026 Sales
Egypt's leading real estate developers posted EGP 670bn in combined sales for H1 2026, a 2.9% increase year-on-year, even as unit sales declined, highlighting the impact of rising property prices on the market.
Forbes International Tower in Egypt Sets 2030 Net-Zero Carbon Target
The planned Forbes International Tower in Egypt's New Administrative Capital aims to achieve net-zero carbon emissions by 2030 and secure LEED Platinum certification, positioning the project as a regional model for sustainable urban development.