Tunisia unveils economic plan betting heavily on private investment
Tunisian authorities are hoping to secure a nearly $2-billion bailout from the International Monetary Fund they hope will unlock other sources of international financing. Saied said the plan unveiled Tuesday, which is based on growth of 2.1 percent this year -- compared to 1.8 percent last year -- was "realistic...
Algerian, Chinese firms announce $7 billion phosphate mining deal
Four Algerian and Chinese firms announced a nearly $7 billion deal on Tuesday to relaunch a phosphate mining project set to produce millions of tons of fertilizer annually. Under the new deal, Algeria's Asmidal, a subsidiary of state oil firm Sonatrach, and mining firm Manal agreed with Chinese firms Wuhuan...
Saudi Arabia seeks to be regional mining force
Saudi authorities seek to promote mining investments and increase its contribution to the GDP to meet the Saudi Vision 2030 objectives.
Middle East’s first lithium production facility to come up at KIZAD
The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of AD Ports Group’s Industrial Cities & Free Zone (IC&FZ) cluster. The facility will be built by Australia's Lepidico Ltd, a global lithium exploration and development company. Lepidico...
Jordan to set up phosphate washing plant costing $85 million
JPMC recently set a new record for exports totaling 554,762 tons in June, the highest since the opening of the new phosphate export port
