Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]
US President has asked Morocco to choose between getting US backing in the Sahara issue and hosting the 2026 FIFA World Cup as he seeks to pressure the North African country to scrap its bid in favor of the joint bid the USA presented with its neighbors, namely Mexico and Canada. A Moroccan diplomatic source […]
Desalination is the way forward for some of Morocco’s water stressed regions such as Agadir which faced the specter of thirst after its dams run out and its ground water depleted due to shortage of rainfall and unsustainable agriculture. The completion of a desalination plant in Agadir came at about time when the city was […]
