US AFRICA Command Commander Stephen Townsend

Algeria postpones visit of Spanish FM to protest Spain’s support for Morocco

Algerian foreign ministry unilaterally postponed a planned visit by Spanish foreign minister Arancha Gonzalez in what appears as a reaction to Spain’s support for the Moroccan position on the Sahara issue. Spain has recently taken stands that Morocco welcomed and has abstained from expressing support to the referendum option for the area, which the UN […]

Algeria: Largest Regional Pharmacy

Algeria has already concluded four partnership agreements with French companies as the presidential visit goes on. The agreements cover areas like pharmaceutical, medical devices and food. Companies from the two countries will be going into joint ventures for the establishment of projects with investments rules fixed at 51%-49%, as stated in rules governing foreign investment […]

OCP’s 2017 Revenues Hit 48.5 bln Dirham

Morocco’s state-owned phosphates giant (OCP) said its revenues grew 14% in 2017 to reach 48.5 billion dirhams compared to 42.48 billion in 2016. OCP’s phosphates rock sales increased 40% while the group’s revenues from selling fertilizers jumped 24% compared to 2016. This performance helped the OCP offset a fall in international prices, the company said […]