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Teriak obtains a loan of 5 million Tunisian dinars from the EBRD and Attijari bank Tunisia

Teriak obtains a loan of 5 million Tunisian dinars from the EBRD and Attijari bank Tunisia
05/19/2022 | Industry
TUNISIA. The Tunisian pharmaceutical manufacturer Teriak will benefit from a loan of 5 million Tunisian dinars to improve its productivity and increase its energy efficiency.
Abidjan, Attijari bank Tunisia, Cadyst Invest, Cameroon, Carthage, Cinpharm, Douala, EBRD, El Fejja, European Bank for Reconstruction and Development, European Union, health, industry, Ivory Coast, Jebel Ouest, Kilani, La Manouba, medicines, Middle East, North Africa, pharmaceutical industry, Risk Sharing Framework, Sub-Saharan Africa, Teriak, Tunis, Tunisia

France authorised to release €7bn to support sustainable recovery investments

France authorised to release €7bn to support sustainable recovery investments
04/21/2022 | Industry
FRANCE. The European Commission authorises a €7 billion French scheme to support a sustainable recovery through investment.
competition, EU, European Commission, European Union, France, France 2030, industry, investment aid, investments, Marghreth Vestager, Paris, temporary state aid framework

Libya's political crisis spills over into oil production

Libya's political crisis spills over into oil production
04/21/2022 | Industry
LIBYA. The political dispute between Libya's two rival prime ministers is now impinging on the country's economy itself because of the blockage of the oil infrastructure, which accounts for 97% of state revenue.
Abdel Hamid Dbeibah, Abu Al-Tifl, Al Khaleej, al-Intissar, al-Nakhla, al-Sarrir, Al-Sharara, Brega, CBL, Central Bank of Libya, El Feel, Fathi Bachagha, gas, hydrocarbons, industry, Libya, Libyan economy, Libyan National Hydrocarbon Company, Libyan Political Dialogue Forum, Mellitah, Mustafa Sanalla, NAtional Oil Company, NOC, oil, OMV, Repsol, Russia, Statoil, Tobruk, TotalEnergy, Tripoli, Tunis, Ukraine, UN, Zaouia, Zouetina

Turkey strengthens its investments in Algeria

Turkey strengthens its investments in Algeria
04/21/2022 | Industry
ALGERIA / TURKEY. Turkish direct investments are accelerating in Algeria. According to Mahinur Ozdemir Goktas, they have reached $5 billion (compared to $13.5 billion for China). Invited by Musiad-Algeria, the Association of Independent Industrialists and Businessmen, and the World Turkish Business...
Adrar, Africa, Algeria, Algerian-Turkish Businessmen Economic Forum, Algiers, Arzew, cotton, DTIK, Erdogan, Erhan Cecen, industry, leather, Mahinur Ozdemir Goktas, Musiad, Musiad-Algeria, Okay Tosyali, Oran, Relizane, Sidi Khettab, steel, Tayal, textile, Turkey, World Turkish Business Council

Algeria to supply more gas to Italy

Algeria to supply more gas to Italy
04/12/2022 | Industry
ALGERIA / ITALY. The Italian group ENI and the Algerian state company Sonatrach sign a new gas agreement to strengthen energy cooperation between Algeria and Italy.
Abdelmadjid Tebboune, Al Arabiya, Algeria, Azerbaijan, Ben Atou Ziane, energy, Eni, Enrico Mattei, gas pipeline, Giovanni Pugliese, hydrocarbons, industry, Italy, Libya, Luigi Di Maio, Mario Draghi, Mediterranean, Roberto Cingolani, Sicily, Sonatrach, Toufik Hakkar, Transmed, Tunisia

The French specialist in technical textiles buys its Italian counterpart NT Majocchi

The French specialist in technical textiles buys its Italian counterpart NT Majocchi
04/07/2022 | Industry
ITALY / FRANCE. Based in Saint-Chamond in the Loire, the French specialist in technical textiles for the personal protection markets acquires the Italian NT Majocchi and doubles in size.
Alpex Protection, Andrea Terracini, Anthony Dubut, army, BNP Paris Développement, Bobbiate, Caisse d'Épargne Loire Drôme Ardèche, Celda Capital Developpement, firefighter, France, Hervé Tiberghien, industry, InnovaFonds, Italy, Laurent Cogez, luxury industry, Moon Boot, NT Majocchi, Olivier Richard, personal protection, police, Saint-Chamond, Saint-Étienne, sport, Tavernio, technical fashion, technical textiles, Tecnica, textiles, United States, Varese

Algeria invests $7 billion to produce fertilizer from phosphate

Algeria invests $7 billion to produce fertilizer from phosphate
03/23/2022 | Industry
ALGERIA / CHINA. Four Algerian and Chinese partners are joining forces to launch a $7 billion phosphate processing industry project for the production of fertilisers in four wilayas in eastern Algeria.
ACFC, Algeria, Algerian-Chinese Fertilizers Company, Algérie Presse Service, Annaba, APS, Asmidal, Bled El Habda, China, Djebel Onk, fertilizer, Hadjar Soud, industry, Manadjim El Djazair, Manal, Mohamed Tahar Heouaine, Oued Kébérit, phosphate, port d'Annaba, PPI, Projet phosphates intégré, Skikda, Somine, Sonatrach, Souk Ahras, Tian'an, Toufik Hakkar, Tébessa, Wuhuan

Norway's Scatec to build green ammonia plant in Egypt

Norway's Scatec to build green ammonia plant in Egypt
03/10/2022 | Industry
EGYPT. Together with four Egyptian state partners, Scatec will build a green ammonia plant in the Ain Soukhna industrial zone in the Gulf of Suez.
Ain Sukhna, ammonia, Ayman Soliman, Climate Conference, COP27, EETC, Egypt, Egyptian Electricity Transmission Company, General Authority of the Suez Canal Economic Zone, green ammonia, green hydrogen, Gulf of Suez, industry, Mostafa Madbouly, New Renewable Energy Authority, Norway, NREA, renewable energy, Scatec, SCZONE, Sharm el-Sheikh, Sovereign Wealth Fund of Egypt, TSFE, Yehia Zaki

Algeria ready to increase its gas deliveries to Europe

Algeria ready to increase its gas deliveries to Europe
03/01/2022 | Industry
ALGERIA / EU. Sonatrach's CEO has pledged to deliver more gas to the European Union to replace, in part, Russian gas exports threatened by the conflict in Ukraine.
Abdelmadjid Attar, Algeria, Algiers, Baltic Sea, Berkine Sud, Brussels, Claudio Descalzi, energy, Engie, Eni, EU, European Union, gas, Gas Infrastructure Europe, Germany, green hydrogen, GZ4, Hassi Bi Rekaiz, hydrocarbons, industry, Isarene, Liberty, liquefied natural gas, LNG, Luigi Di Maio, Maghreb Europe Pipeline, Medgaz, Mediterranean Sea, Morocco, NATO, Nord-Stream 1, Nord-Stream 2, North Atlantic Treaty Organisation, Olaf Scholz, OMV, Portugal, Russia, Shell, Slovenia, Sonatrach, Spain, State, TFT, TotalEnergies, Toufik Hakkar, Touggourt, TurkStream, Ukraine, Uniper, Wintershall Dea

The Tunisian Land'Or concretizes its development in Morocco

The Tunisian Land'Or concretizes its development in Morocco
02/24/2022 | Industry
MOROCCO / TUNISIA. The Tunisian Land'Or obtains an additional loan of 36,9 million dirhams (3,5 M€) for its subsidiary Land'Or Maroc Industrie which finalizes a factory in Kenitra.
Blue Ribbon, cheese, EBRD, European Bank for Reconstruction and Development, Hafid Elalamy, Hamed Denguezli, Hichem Ayed, industry, Kenitra, Land'Or, Land'Or Maroc Industrie, Le Fondant, Morocco, Rabat, sub-Saharan Africa, Tunis Stock Exchange, Tunisia

Italy's Saipem fined €192m for corruption in Algeria

Italy's Saipem fined €192m for corruption in Algeria
02/16/2022 | Industry
ITALY / ALGERIA. An Algerian court's ruling on corruption in the oil sector has put Saipem in serious financial difficulties.
Abdelhafidh Feghouli, Algeria, Algiers, Arzew, Cassa Depositi e Prestiti, CDP, Chakib Khelil, Eni, gas, Gilbert Bulato, industry, Italy, LNG, LNG3, Massimo Gallipoli Steal, Mohamed Meziane, oil, Pietro Tali, Saipem Contracting Algeria, Sidi M'Hamed, Snamprogetti SpA Algeria Branch, Sonatrach, USA

Greece fined €5.5m for undue aid to mining company Larco

Greece fined €5.5m for undue aid to mining company Larco
01/20/2022 | Industry
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.
Athens, CJEU, Court of Justice of the European Union, European Commission, ferronickel, Greece, industry, justice, Larco, Larco General Mining & Metallurgical Company, laterite, lignite, Luxembourg, mine, mining company, nickel, ΛΑΡΚΟ

The ITCEQ calls for a renewal of the industrial policy in Tunisia

The ITCEQ calls for a renewal of the industrial policy in Tunisia
01/14/2022 | Industry
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.
Europe, exports, Global Value Chains, industry, ITCEQ, Morocco, North America, OECD, Souad Dhaoui, South Africa, Tunisia, Tunisian economy, Tunisian industry, Tunisian Institute of Competitiveness and Quantitative Studies, Turkey

Libya's crude oil production is trying to get back on track

Libya's crude oil production is trying to get back on track
01/11/2022 | Industry
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.
al-Feel, al-Hamada, Al-Sharara, al-Wafa, Dhurha, Eni, Es Sider, General Electricity Company, hydrocarbons, industry, Libya, Libya oil production, Mellitah, Mustafa Sanalla, National Oil Company, NOC, oil, OMV, Petroleum Facilities Guard, PFG, Repsol, Samah, Statoil, TotalEnergies, Waha Oil Company

Turkey to have its own fighter jet in 2025

Turkey to have its own fighter jet in 2025
01/07/2022 | Industry
Ahmet Davutoğlu, Ankara, Aselsan, Turkish fighter, BAE Systems, Bayraktar, F-35, Fikri Isik, General Electric, Great Britain, HISAR, industry, Milli Muharip Uçak, MMU, Recep Tayyip Erdogan, Roketsan, SIPER, TAI, TB2, Temel Kotil, TF-X, TRMotor, Turkish Aerospace, Turkey, Tusas, USA
Ahmet Davutoğlu, Ankara, Aselsan, BAE Systems, Bayraktar, F-35, Fikri Isik, General Electric, Great Britain, HISAR, industry, Milli Muharip Uçak, MMU, Recep Tayyip Erdogan, Roketsan, SIPER, TAI, TB2, Temel Kotil, TF-X, TRMotor, Turkey, Turkish Aerospace, Turkish fighter, Tusas, USA

Algeria increases its hydrocarbon export revenues by 70%

Algeria increases its hydrocarbon export revenues by 70%
01/04/2022 | Industry
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.
AL24news, Algeria, El Jadira, energy, gas, Hassi Messaoud, hydrocarbons, industry, LNG, Maghreb Europe Pipeline, Medgaz, Mohammedia, Morocco, Office national de l'électricité et de l'eau, oil, ONEE, Skikda, Sonatrach, Sound Energy, Toufik Hakkar

IFC and Proparco finance the expansion of Moroccan Dolidol

IFC and Proparco finance the expansion of Moroccan Dolidol
12/23/2021 | Industry
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.
AFD, bedding, Casablanca, Dar Bouazza, Denis Sireyjol, Dolidol, French Development Agency, IFC, industry, International Finance Corporation, Ivory Coast, Jobelsa, Jobelsa Automotive, Maghreb, Mohamed Lazaar, Morocco, Mouka, Nigeria, Palmeraie Holding, Palmeraie Industries & Services, Proparco, Spain, World Bank, Xavier Reille

Conserve Italia and Conserves France ordered to pay €20m for anti-competitive practices

Conserve Italia and Conserves France ordered to pay €20m for anti-competitive practices
11/23/2021 | Industry
ITALY. Conserve Italia and its subsidiary Conserves France S.A. have been fined €20m by the European Commission for cartel practices in the vegetable canning sector.
anti-competitive practices, Bonduelle, CECAB, Cirio, conserve, Conserve italia, Conserves France, Coroos, Derby Blue, EEA, European Commission, European Economic Area, France, Groupe d'Aucy, industry, Italy, Lutetia, Margrethe Vestager, Prochamp, Riberebro, Valfrutta, vegetables, Yoga

France's EA Pharma to acquire Spanish group Drasanvi

France's EA Pharma to acquire Spanish group Drasanvi
10/21/2021 | Industry
FRANCE / SPAIN. The pharmaceutical group EA Pharma enters into exclusive negotiations with Drasanvi, with a view to acquiring a majority stake in the Spanish group.
acquisition, Albania, Botanical Bio, Castilla y León, Chile, China, Chondrosteo, Collmar, Conceptio, Costa Rica, Drasanvi, Duab, EA Pharma, Eafit, Equilibre Attitude, Europe, Foucaud, France, Granions, Immunol and Oseogen, industry, Laboratoire des Granions, Laboratoire Merle, Lebanon, Mexico, Monaco, Motion Equity Partners, Mougins, Oligosol, Oligostim, Oscar Lopez, Paris, Peru, pharmaceutical industry, Portugal, Punchpower, Russia, Spain, Super Alimentos, Thierry Verne, United Kingdom, Villadangos del Páramo, Vital pur

ArcelorMittal obtains €280 million from the EIB to finance its research in Europe

ArcelorMittal obtains €280 million from the EIB to finance its research in Europe
09/28/2021 | Industry
EUROPEAN UNION. On Monday 27 September 2021, the European Investment Bank (EIB) granted ArcelorMittal a €280 million loan. This envelope will be used "for research and innovation in support of the steel group's decarbonization objectives", as stated in a statement by the institution. "It will help...
ArcelorMittal, Belgium, climate, EIB, EIF, European Commission, European Fund for Strategic Investments, European Investment Bank, European Union, France, greenhouse gas emissions, Greg Ludkovsky, Horizon 2020, industry, InnovFin, Investment Plan for Europe, investments, Luxembourg, R&D, Research and Development, RNE 300, Spain, steel industry

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