RCAR

OCP Group reports $9.76 Bln earnings in 2024

Morocco’s OCP group revenues increased to $9.76 billion in 2024 from $9.02 billion posted in 2023. The growth is supported by higher export volumes and stable prices. “OCP’s strong performance in 2024 reflected our ability to effectively navigate evolving market conditions, achieve production and operating efficiencies, and reach several key milestones related to our sustainability […]

European parliament urged to review deal with pro-Russia Algeria

A group of influential members of the European Parliament (MEPs) urged the head of the European Commission to review the association agreement with Algeria, a country that is about to pump 17 billion dollars into Russian coffers in arms deals that would give Moscow a financial boost. MEPs from different groups sent a letter to […]

Algeria Mulls Downsizing Diplomatic Representation in Morocco

Embarrassed by its connivance with Iran and Hezbollah in supporting Polisario separatists, Algeria was reported to plan a downsizing of its diplomatic representation in Morocco. Turkish news agency, Anadulo, mentioned that a diplomatic source said Algeria’s foreign ministry contacted ailing president Bouteflika regarding the brewing crisis with Morocco and recommended a downsizing of Algeria’s diplomatic […]