Egyptian billionaire targets $400M tourism project on Morocco’s Atlantic coast
Samih Sawiris, the Egyptian billionaire and CEO of Orascom, a Cairo-based infrastructure and construction giant, is pursuing a $400 million
Eastern Libya’s foreign minister Abdulhadi Lahoui told Moroccan news portal Hespress that “the Maghreb region does not need the creation of new entities, because we have existing institutions that need to be reactivated and reinforced.” He went on to affirm: “Libya, which currently chairs the Arab Maghreb Union, remains attached to this institution and is willing to strengthen cooperation between Maghreb countries, whose trade volume remains low compared to other regional blocs.” It comes a few days after Algerian President called for a regional Maghreb bloc comprising Tunisia, Libya and Algeria.
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