Econostrum | Economic News in the Mediterranean
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Colis privé takes off to join CMA CGM - 01/31/2022

FRANCE. The Marseille-based shipping company CMA CGM has announced the signature of a promise to acquire 51% of the capital of Colis Privé to strengthen its subsidiary Ceva Logistics in last-mile delivery.

Morocco to reopen its airspace - 01/31/2022

MOROCCO. After two months of closure to limit the arrival of the Omicron variant of Covid-19, Morocco has decided to reopen its airspace to flights departing from and arriving in the country as of Monday 7 February 2022.

Tanger Med multiplies traffic records in 2021 - 01/13/2022

MOROCCO. For the first time in its history, the Moroccan port of Tanger Med has passed the 7 million container mark and is experiencing double-digit growth in tonnage as well as in ro-ro and new vehicle traffic.

The Suez Canal achieves a historic turnover in 2021 - 01/04/2022

EGYPT. With more than fifty-six ships paying a right of passage in 2021, the Suez Canal Authority has recorded a record turnover of $6.3bn.

European Commission approves €2.55bn state aid for TAP Air Portugal - 12/23/2021

PORTUGAL. The airline group TAP will be able to benefit from €2.55 billion in State aid, but in exchange and in the name of competition, it will have to free up slots and reduce its fleet.

Morocco and Israel decide to extend the closure of their borders - 12/14/2021

MOROCCO / ISRAEL. To protect themselves from the new wave of Covid-19, the Moroccan and Israeli authorities decide to extend the suspension of passenger flights to and from their countries.

Air traffic: collapse confirmed for 2020 and aborted recovery in 2021 - 12/07/2021

EUROPE. The air transport sector lost 73% of its passengers in Europe in 2020. 2021 will be less catastrophic, but will also remain a black year.

Alstom to upgrade Cairo metro for €876m - 11/09/2021

EGYPT / FRANCE. The Egyptian National Authority for Tunnels awards the contract for the modernisation of line 1 of the Cairo metro, with the delivery of fifty-five Metropolis trains, to the French company Alstom.

Iberia and Repsol fly Madrid-Bilbao on green fuel - 11/04/2021

SPAIN. An Airbus A320neo of Iberia made a regular flight from Madrid to Bilbao with green fuel produced from waste and residues, mainly cooking oil. In Europe, the aviation world is trying to substitute sustainable aviation fuel for paraffin.

The European Commission wants to support 801 redundant workers in Sardinia - 11/02/2021

ITALY. The European Commission has proposed financial aid to 611 former employees of Air Italy and 190 of Porto Canale in Cagliari who have lost their jobs due to restructuring and globalisation.

Suez Canal: an overprotected but still fragile infrastructure - 10/19/2021

MEDITERRANEAN. The Provence regional association of auditors of the Institut des Hautes Études de Défense Nationale (IHEDN) organised the "2019-2021 studies forum" on 7 October 2021 in Marseille. During this period, the association produced three reports on highly strategic and conflictual sites: the Straits of Gibraltar and the Bosphorus as well as the Suez Canal.

Algeria authorises maritime transport of passengers with France and Spain - 10/14/2021

ALGERIA/FRANCE/SPAIN. Tuesday October 12, the Algerian Ministry of Transport announces the resumption of the maritime connections operated by the ENTMV between Algeria, France and Spain.

The EBRD finances the training of 80 young Egyptians in metro maintenance - 10/14/2021

EGYPT. The European Bank for Reconstruction and Development is collaborating with Hyundai Rotem Company to train eighty young Egyptian unemployed people in the maintenance of the rolling stock of line II of the Cairo metro.

Algeria closes its airspace to all Moroccan planes - 09/23/2021

ALGERIA / MOROCCO. The situation is getting tougher between Algeria and Morocco with the closure of Algerian airspace to all Moroccan planes.

Ground-breaking ceremony for the Istanbul Canal - 06/28/2021

TURKEY. Recep Tayyip Erdogan officially launched the construction of the Istanbul Canal, a new maritime route which will allow ships to link the Black Sea to the Sea of Marmara.
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