ITALY / ALGERIA. An Algerian court's ruling on corruption in the oil sector has put Saipem in serious financial difficulties.

FRANCE. To support its growth, Côte d'Azur company Menta, which concentrates all the components of a computer on a single chip, has signed a €7.5m financing agreement with the European Investment Bank.

MOROCCO. Swiss group Glencore signs an agreement with Morocco's Managem to produce cobalt from recycled cobalt, nickel and lithium at the Guemsa hydrometallurgical refinery.

GREECE. The Court of Justice of the European Union orders the Greek State to pay a lump sum fine of €5.5m and a half-yearly penalty payment of €4.36m for failing to recover illegal aid paid to Larco.

TUNISIA. A study of the Tunisian Institute of competitiveness and quantitative studies (ITCEQ) of January 2022 gives tracks to develop the industry in Tunisia and insists on the importance of the intervention of the public authorities.

LIBYA. According to the Libyan Oil Ministry, crude oil production in the country has risen from 700,000 to 900,000 barrels per day, thanks to the end of maintenance work on a pipeline.

EU. In an interview with the Journal du Dimanche, Thierry Breton, European Commissioner for the Internal Market, estimates that more than €500 billion will have to be spent on nuclear power by 2050.

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ALGERIA. The CEO of Sonatrach announces an increase in gas and oil exports of 19% in volume and 70% in turnover in 2021 with a result of 34.5 billion dollars.

MOROCCO. The Moroccan bedding specialist Dolidol signs two loans for a total amount of €20M with the International Finance Corporation and Proparco to support its development in Nigeria and its good environmental practices in Morocco.

EGYPT. The European Bank for Reconstruction and Development, the European Union and the Green Climate Fund are partnering with the Ahli United Bank in Egypt to help Egyptian SMEs build a greener supply chain.

FRANCE/ITALY. The last phase of the takeover of the Dutch group by the Franco-Italian giant has just been completed on 6 December 2021.

FRANCE. Rafale sale announcements follow one another in southern Europe and in the MENA (Middle East and North Africa) region.

FRANCE/PORTUGAL. Less than three months after the purchase of Starfisher, the French group carries out a second external growth in Portugal with Rodman Lusitania.