Econostrum | Economic News in the Mediterranean
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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.

The Ouigo Madrid Barcelona high-speed line kicks off the battle for rail in Spain - 05/07/2021

SPAIN / FRANCE. The Spanish railway operator Renfe is losing its monopoly with the launch of the high-speed line between Madrid and Barcelona marketed by Ouigo Spain, a subsidiary of Sncf Voyageurs.

European Commission accepts €4bn recapitalisation of Air France - 04/06/2021

FRANCE. The European Commission has accepted the French government's plan to recapitalise Air France as part of its temporary framework for state aid during the Covid-19 period.

Morocco cancels all flights with France and Spain - 03/30/2021

MOROCCO / SPAIN / FRANCE. Moroccan authorities are suspending all flights to and from Spain and France and closing the borders of Ceuta and Melilla.

Alstom wins €1.4bn contract to supply 152 trains to Spanish operator Renfe - 03/29/2021

SPAIN / FRANCE. Alstom announces the signature of a contract worth more than €1.4 billion with Renfe, the Spanish rail operator, for the supply of 152 high-capacity trains from its X'Trapolis range.

Bailing out Ever Given frees up Suez Canal traffic - 03/29/2021

EGYPT. The Panamanian-flagged container ship Ever Given has finally been refloated. Traffic will be able to resume, gradually, on the Suez Canal.

Suez Canal traffic blocked by grounded ship - 03/24/2021

EGYPT. A container ship ran aground in the middle of the Suez Canal and is blocking traffic on its North-South axis, where 10% of the world's maritime trade passes.

Volotea positions itself in Algeria by opening eight routes serving seven Algerian cities - 03/15/2021

FRANCE / ALGERIA. The Catalan airline is adding Algeria to its destinations with eight new flights starting in mid-September 2021 from Marseille, Bordeaux and Lyon.

Gefco inaugurates a 10,000 m² warehouse in Tanger Med - 02/22/2021

MOROCCO / FRANCE. The French group Gefco strengthens its position on the Moroccan market by inaugurating a new 10,000 m² warehouse in the Tanger Med logistics free zone.
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French skies turn scarlet red with the abyssal losses of Air France, ADP and Airbus - 02/18/2021

FRANCE. Air France announces a loss of €7.1 billion in 2020, while ADP loses 60% of its passengers and Airbus revenues decline by 29%. version française

CMA CGM obtains management of the future port of Alexandria terminal - 01/28/2021

EGYPT / FRANCE. CMA CGM will manage and operate Pier 55, the future multipurpose terminal at the port of Alexandria.

The health crisis in the Maghreb impacts the results of the port of Marseille - 01/25/2021

FRANCE. If the Grand Port Maritime de Marseille-Fos finally resisted well to the sanitary crisis on its goods segment, passenger transport has been hit hard by travel restrictions.

Tanger Med injects €133m into its third container terminal - 01/11/2021

MOROCCO. Tanger Alliance signs a €133m long-term credit agreement to finance part of the construction costs of the third container terminal in the port of Tanger Med.
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