IFC

Morocco’s OCP criticizes US tariff hikes on fertilizer imports

Morocco’s fertilizers and phosphates giant OCP criticized the decision by the U.S. Department of Commerce (DOC) to increase customs duty on Moroccan fertilizers from 14.21% to 16.81%. This new rate, announced after a review of the countervailing duty (CVD), applies retroactively as the final tariff rate for our 2022 imports into the United States, OCP […]

Egypt Could Secure $10 bln from IMF – Central Bank

Egypt could secure up to $10 billion from the International Monetary Fund (IMF) by agreeing to a structural reform program, the central Bank said on Monday. The announcement follows an earlier comment by a cabinet minister on Monday that Egypt had last week started negotiations with the IMF for a $5 billion loan. Since the […]

Air Arabia Launches Tangier-Malaga Air Route in Autumn

Low cost airline, Air Arabia Morocco, will launch next autumn an air link between Tangier and Malaga, which will become the fourth destination served by the airline company in Spain. Tangier-Malaga flight duration on board Air Arabia Morocco will last 45 minutes and will be operational as of December 4, 2016 using Airbus A320 with […]