Siège du parlement européen à Bruxelles -AN

Mostafa Terrab Elected Chairman of International Fertilizer Association

The Board of Directors of the International Fertilizer Association (IFA) has elected Mostafa Terrab, Chief Executive of the Moroccan OCP group, as chairman of this global fertilizer association. Mr. Terrab becomes the first chairman from the African continent of the IFA in its 90-year history. His election to this post was made during the IFA […]

Closure of Morocco’s Samir Refinery Propels BP to Pay $68 Million to Abu Dhabi Bank

The London High Court ruled that the British Energy company, BP, pays $68.9 million to the National Bank of Abu Dhabi (NBAD) in a case originating from the sudden closure of Morocco’s Samir refinery in 2015. BP “sold a cargo of crude to Samir in August 2014 which was not paid for and NBAD took […]

Morocco wants to Curb Unemployment to 8.5% by 2021

Morocco is set to reduce the unemployment rate to 8.5% by 2021 through the creation of 200,000 jobs annually, employment minister Mohamed Yatim promised Speaking at a conference in Rabat, Yatim said the government cooperates with stakeholders in the private sector to achieve that ambitious goal. The unemployment rate in Morocco has increased from 9.1% […]