King with Aicha Khattabi

Romania: Morocco’s OCP to Create Joint Fertilizer Company with Emirati Al Dahra

Office chérifien des phosphates (OCP), Morocco’s phosphate group, will soon open a fertilizer company in Romania in conjunction with Al Dahra, an Emirati multinational agribusiness group, reports say. OCP and al Dahra will set up South East European Fertilizer Company (SEEFCO) with a capital estimated at $5 billion. The Moroccan government’s approval of the operation, […]

Fathi Bashagha’s cabinet to take oath in Tobruk after confidence vote

Libya’s new Prime Minister is expected to be sworn in this Thursday before the House of Representatives (HoR), the country’s state legislature, after winning confidence vote from the house members. The former Interior Minister said on Twitter that his team which was validated on Tuesday will also take oath. “The Presidency of the House of […]

S&P raises Morocco’s rating to ‘BBB-/A-3’ with stable outlook

The Standard & Poors agency has raised Morocco’s sovereign credit rating from ‘BB+/B’ to ‘BBB-/A-3’ with stable outlook thanks to the resilience shown by the country’s economy in the face of consecutive economic shocks, including the one triggered by the instability in global trade because of U.S. trade tariffs. Economic growth prospects are solid, with […]