Morocco: Phosphates exports soared in Q1 to $2.4 billion

Morocco’s exports of phosphates and derivatives doubled in the first quarter of 2022 reaching $2.4 billion against $1.3 billion reported same period last year. According to latest data published by Moroccan Exchange Control Office, the positive financial results achieved by the state-owned phosphate OCP group are due to fertilizers’ higher prices which surged from $296 […]

Chinese Operators Look towards Morocco for New Investments

Chinese operators and firms have started looking towards Morocco for new locations of their businesses or production units. The Chinese Shandong Shangang group, a world leader in the manufacture of steel products, is one of these groups which decided to set up a unit in the Tangier free zone in Northern Morocco. A memorandum of […]

US praises Moroccan King’s commitment to peace, security in the Middle East

US Secretary of State, Antony Blinken, has praised King Mohammed VI’s commitment to peace and security in the Middle East. During a phone call Wednesday with Foreign Minister Nasser Bourita, the U.S. top diplomat also welcomed continued “close” cooperation between Morocco and the United States, according to a press release issued Thursday by the State […]