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International Fertilizer Association awards Morocco’s OCP its 2019 Gold Medal

Morocco’s phosphates and fertilizers company OCP was awarded for the second year in a row the International Fertilizer Association’s 2019 Industry Stewardship Gold Medal in recognition for the Group’s commitment to safety and sustainable development. “The OCP Group has implemented substantial efforts and resources to respect the best safety standards, based on anticipation, risk prevention […]

Sahara: International Crisis Group warns of risk of “broader conflict” if hostilities continue escalating

The International Crisis Group has warned that a gradual escalation of hostilities over the Sahara issue could spark a broader conflict in the region. The Algeria-backed Polisario group could launch more attacks on Moroccan territory, targeting foreign economic interests, says the Brussels-based think-tank in its assessment of serious global conflicts risks. The deadly attacks targeting […]

Algeria’s Foreign Exchange Reserves to Shrink to $85 bln by end of 2018

The Algerian government has started to feel the heat of the falling oil and gas revenues, as the country’s foreign exchange reserves are expected to further drop to $85 billion at best, barely enough to cover 18 months of imports. The figure was recently announced by Algeria’s finance minister Abderrahmane Raouya who told MPs that […]