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north-africa

markets

Airliner tragedy crushes Egypt hopes of tourism revival

Sharm al-Sheikh - Tourism in Sharm al-Sheikh was picking up again after years of political turmoil, with so many Russians enjoying the sun and fun that local beach aerobics instructors used the visitors’ own language rather than Arabic or English.

finance and politics

Morocco stands fast on Western Sahara

Rabat - Morocco’s king said he will offer no more than autonomy for the disputed Western Sahara, a few days after United Nations chief called for “true negotiations” to end the four-decade deadlock over the region. Morocco has controlled most of Western Sahara since 1975

finance and politics

China slowdown also affects the African GDP

Beijing’s trade with Africa represents only 5.1% of its total, although that is a significant increase compared to 2.2% in 2003, while for Africa, China’s trade is much more significant at 16.1% (compared with 3.8% in 2003).

finance and politics

EU mulls mission to disarm Libyan factions

Brussels - The European Union is considering helping Libya strengthen its bordersand disarm militias if a government of national unity is formed in the war-torn country, says a EU document produced by officials working for the EU foreign affairs chief Federica Mogherini, sent to European capitals on Monday

oil and energy

Libya’s oil output down to 300,000 bpd

Tripoli - Libya’s oil production has dropped to 300,000 barrels per day, less than a quarter of what it produced before the 2011 fall of Muammar Gaddafi, mostly because of insecurity and closed pipelines.

finance and politics

Egypt tourism expects moderate growth

Cairo - Egypt’s tourism industry,hit by years of political upheaval and militant violence, is expected to post moderate growth this year and hopes a global advertising campaign will revive the sector vital for economic recovery, the tourism minister said

technology

Sisi agree on sale of Mistral warships to Egypt

Pairs - France has agreed to sell two Mistral helicopter carriers to Egyptafter their sale to Russia was cancelled in August and will not incur a financial loss in the transaction, government spokesman Stephane Le Foll said. Cairo has sought to boost its military power in the face of a two-year insurgency based across the Suez Canal

intermodal and logistics

Egypt launches New Suez Canal celebration/ GALLERY

Ismailia - Egypt staged a show of international support on Thursday as it inaugurateda major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world’s most populous country

cruise and ferries

GNV drops Melilla and confirms Nador link

Genoa - Grandi Navi Veloci announced that it is resuming services on the ferry route between Sète and the port of Nador, in Morocco. The obstacles to its operations in Nador, that had required the company to switch its route to the nearby port of Melilla, have been cleared

shipping

Russia and Egypt hold joint naval exercise

Moscow - The eight-day drills off the Mediterranean Egyptian port of Alexandria, will include supply and communication at sea, search operations, all forms of defence at sea and firing exercises.

road rail air transport

New Moroccan motorways planned

Casablanca - Four new motorways are to be built in Morocco following approval being given passed by the country’s government.