• #MOROCCO
• #Business
• #EconomicAnalysis
• #Economy
• #Stellantis
• #Trending

The Tanger Med port complex handled an overall tonnage of 107,822,662 tonnes in 2022, up 6% compared to 2021. This traffic represents approximately 54% of all port tonnage carried out in the Kingdom of Morocco.

• #SaoudiArabia
• #Business
• #Company
• #Economy
• #Energy
• #Gas
• #Industry
• #Oil
• #Petroleum
• #TotalEnergies

The Saudi Arabian Oil Company ("Aramco") and TotalEnergies have made the final investment decision for the construction of a world-class petrochemical site in Saudi Arabia. The “Admiral” complex, owned and eventually operated by the SATORP refinery, located in Jubail on the eastern coast of the country, will be integrated into the existing site. The investment decision is subject to the usual conditions and approvals.

• #TUNISIA
• #Bank
• #Business
• #EconomicAnalysis
• #Economy
• #Finance

Fitch Ratings raised Tunisia's long-term foreign currency issuer default rating from CCC to CCC+ and also removed the country from the UCO (Under Criteria Observation) category. The change in rating demonstrates the positive perception of the agreement concluded between Tunisia and the staff of the IMF, which must still be validated by the Board of Directors of the Fund in mid-December, for an Extended Credit Facility (MEDC) of a duration of 48 months and an amount of 1.9 billion USD.