Category Archives: Industry

Western Libya Political Figures Appear to Nix Oil Deal

Opposition from top political figures in Libya’s U.N.-backed government in Tripoli to a deal announced Friday to resume the country’s oil production appears to have put the agreement on hold, at least for the moment. The deal between eastern Libyan military commander Khalifa Haftar and the Tripoli government’s deputy prime minister, Ahmed Maitiq, prompted negative

Morocco’s Dam Storage Capacity Reaches 39.7%

Rabat – Dam’s storage capacity in Morocco has now reached 6.19 billion m3 (39.7%), the ministry of Equipment, Transport, Logistics and Water has said.   This level is lower than the one reported during the same period in 2019, when stored volumes of water stood at 7.64 billion cubic meters, which corresponds to a storage

Fez: Over 74,500 Bottles of Alcohol Not Complying with Tax and Customs Provisions Seized (Police)

Rabat – The judicial police of Fez seized, early Tuesday morning, some 74,505 bottles of alcoholic beverages that do not comply with tax and customs provisions, bearing foreign trade marks.   These bottles were seized in a warehouse located in the industrial zone “Ain Chqef” in Fez, whose two managers, aged 51 and 41, were

MAScIR Launches Large-scale Production of 100% Moroccan Diagnostic Kit for COVID-19 Testing

Rabat – The MOLDIAG startup, created by the Moroccan Foundation for Advanced Science, Innovation and Research (MASCIR), has launched the large-scale production of a 100% Moroccan diagnostic kit for COVID-19 testing after having obtained, in May 2020, national and international validations.   The kit has already received a first order of 100,000 units from the

ONCF: 9.4 Mln Passengers Carried in First Half of 2020

Rabat – The number of passengers carried by the National Railway Office (ONCF) has reached 9.4 million during the first half of 2020, down by 44% compared to the same period of 2019.   The turnover generated by the travellers activity stands at 409 million dirhams, down by 43% compared to the end of June

Tanger Med: 35th Container Port in the World in 2019

Tangier – Tanger Med has made significant progress in the latest rankings “Lloyd’s List” and “Container Management” published this week and ranks 35th after being ranked 46th a year earlier.   This ranking lists the top 120 ports in the world out of 500 ports that have a container activity, Tanger Med Port Authority said

Africa Looks to Tax Tech Giants as Economic Fallout From COVID Bites

Tax officials in Africa estimate that government revenues will drop between 10 and 30 percent in 2020 as a result of the economic fallout stemming from the coronavirus pandemic. But while businesses in the hospitality, construction and retail sectors have suffered, digital companies have boomed as more people stay home and conduct their activities online.