Industry Dynamics

Foreign direct investments in new and renewable energy projects in Egypt rose to $3.5 billion during 2021, which is double the registered value in 2020, with electricity production of about 3,570 megawatts.

The value of fish products in the Moroccan market has gone up by 36%, according to the latest data from Morocco’s National Fishing Office (ONP).

Minister of Petroleum and Mineral Resources Engineer Tarek El-Molla stressed that Egypt is implementing an ambitious program to develop its mining industry based on Egypt's Vision 2030, adding that work is underway to implement the first gold refinery in Marsa Alam.

The IES Market-Scan picked Benab Oil, PetroSankofa, Star Oil, Goodness Oil and Top Oil as the OMCs with the least-priced fuel on the local market for the window under review.

Petroleum and Mineral Resources Minister Tarek el Molla announced on Monday the results of the first international digital tender for oil and gas exploration and production (E&P) in the Mediterranean, Western Desert, and the Gulf of Suez, according to a press release by his minis...

Morocco’s energy strategy aims to raise the proportion of clean energy in the kingdom to 52% by 2030, which would put the North African country at the forefront of renewable energy usage worldwide.

Egypt's electricity sector succeeded in transforming the electrical capacity deficit from 6,000 megawatts in 2014 to a surplus of 13,000 megawatts in 2020, after adding about 28,000 megawatts of electrical capacity, equivalent to 13 times the capacity of the High Dam.

Morocco's Directorate of Studies and Financial Forecasts (DEPF) has said the production of electrical energy in the country witnessed a 6.2% increase at the end of the first 10 months of 2020, up from 4.5% a year earlier.

Egyptian exports of medical industries increased during January-November 2021 period to reach $602 million, compared to $472 million in the same period last year.