Business & Economy Bound

Morocco hard hit by droughtF

By Kaouthar Oudrhiri: Mohamed gave up farming because of successive droughts that have hit his previously fertile but isolated village in Morocco and because he just couldn't bear it any longer. "To see villagers rush to public fountains in the morning or to a...

Algeria increases price of gas exported to FranceF

Algerian state energy firm Sonatrach announced Thursday it had concluded a three-year deal with French group Engie on the price of gas it delivers through an undersea pipeline. Sonatrach and Engie reached "agreement in Algiers regarding the gas contract through the...

Morocco: Anger over soaring fuel pricesF

Petrol prices rose to record highs in Morocco on Thursday, fuelling anger among unions who demanded the government of energy tycoon Aziz Akhannouch act to protect consumers. Drivers in Morocco, which relies heavily on imported oil products whose prices have soared...

Energy: EU turns to Egypt and Israel for more natural gasF

Israel and Egypt plan to boost gas exports to Europe under an agreement signed during a Cairo visit Wednesday by the European Commission president as the bloc seeks to wean itself off Russian gas. Ursula von der Leyen also pledged relief worth 100 million euros ($104...

Egypt to build high-speed rail linkF

Feb 23, 2023

French company NGE announced Thursday it had been awarded a contract to build Egypt's first high-speed rail link, a...

Aviation: Post-Covid Africa remains lackluster market for Boeing and Airbus ($)F

Aviation: Post-Covid Africa remains lackluster market for Boeing and Airbus ($)F

Feb 21, 2023

Over the past three years, African airline carriers have been dormant on the procurement front. The Covid pandemic and...

Sahel: Burkina Faso junta issues decree to requisition gold from mining companies ($)F

Sahel: Burkina Faso junta issues decree to requisition gold from mining companies ($)F

Feb 21, 2023

Burkina Faso is drowning in economic and financial hardship and the ongoing security environment mean that the country...

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