Industry Dynamics

Falcon Energy Materials announced on Monday signing a partnership with Hensen Graphite & Carbon Cooperate to jointly “develop an anode plant in Morocco.” The anode plant will specialize in producing coated spherical purified graphite, also known as CSPG.

The Khalda Petroleum Company, a subsidiary of Apache, has made a significant oil discovery in the West veops-1 region within the Khalabsha Development Area of the Western Desert, according to a statement released by the Ministry of Petroleum and Mineral Resources.

The Safi seawater desalination plant, managed by the OCP Group, is set to play a crucial role in alleviating Safi's water crisis, a situation worsened by prolonged droughts impacting the Oum Er Rbia basin. 

The increase in chemical exports was driven by strong demand from international markets; Turkey led as the top importer with $595.94 million in imports, followed by Italy at $368.95 million, Spain at $221.87 million, Saudi Arabia at $210.72 million, France at $206.06 million, and...

Egypt is set to initiate a new global tender for natural gas exploration across a minimum of 10 regions in the Mediterranean Sea and the Nile Delta waters, as disclosed by a government official to Asharq Bloomberg. 

In May 2024, Egypt experienced a decrease in durable consumer goods imports, with a drop of $7.8 million to $298.1 million from $305.9 million in May 2023, as per data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Minister of Electricity and Renewable Energy, Mahmoud Esmat, convened a meeting with the heads of electricity distribution companies throughout Egypt. The purpose of the meeting was to underscore the significance of enhancing services provided to citizens and ensuring a consisten...

Chinese companies like Gotion High-Tech are working with the North African country to transform it into a major hub for electric car battery production and export, with investments totaling at least 2.45 billion euros.

This momentous occasion, following the unveiling of the "Neo" model to King Mohammed VI in May 2023, was marked by the symbolic handover of keys to ten eager customers, becoming the proud owners of the first Neo Motors vehicles designed and built entirely within Morocco.