OCP’s 2017 Revenues Hit 48.5 bln Dirham

Morocco’s state-owned phosphates giant (OCP) said its revenues grew 14% in 2017 to reach 48.5 billion dirhams compared to 42.48 billion in 2016. OCP’s phosphates rock sales increased 40% while the group’s revenues from selling fertilizers jumped 24% compared to 2016. This performance helped the OCP offset a fall in international prices, the company said […]

Côte d’Ivoire: Moroccan Pharma 5 to invest $10 Million in Drug Producing

Morocco’s leading pharmaceutical firm Pharma 5 has received the go-ahead for the construction of a drug producing plant worth $10 million near Abidjan, in Cote d’Ivoire, reports say. The Agreement was initialed Saturday in Rabat by Moroccan ministers of Health and of industry and by Côte d’Ivoire’s health minister. Pharma 5, according to the agreement, […]

Potential repercussions on Morocco’s economy as conflict deepens in Middle East

Escalating conflict between Iran, Israel and the United States is casting a shadow on the global economy including Morocco’s economy, exposing it to vulnerabilities in energy security, logistics, industrial supply chains and the state budget if the war lasts beyond four weeks. A disruption or risk-driven slowdown in traffic through the Strait of Hormuz, the […]