UK ambassador to Morocco Thomas-Reilly

Morocco renews full solidarity with UAE after Houthis’ attack against Abu Dhabi

Morocco reiterated, on Sunday in Cairo, its full solidarity with the United Arab Emirates (UAE) following the heinous attack perpetrated by the Houthis and their supporters against the Abu Dhabi airport and the industrial region of Musaffah last Monday. This came during an extraordinary meeting of the Arab League Council, held at the level of […]

German loan for modernization of Casablanca rail network

Morocco’s National Railway Office (ONCF) has secured a $225 million loan from German development bank KfW to modernize Casablanca region railway network. The German funding follows a $350 million loan approved by the World Bank in June, both supporting the “Service Intra-métropolitain Rapproché” (SIR) program. The SIR seeks to establish an electrified passenger rail service, […]

Morocco’s OCP posts record $11.28 bln revenue in 2022

Morocco phosphates and fertilizers producer OCP posted a record revenue of 11.28 billion dollars in 2022, up 40%, thanks to high prices as well as industrial flexibility, commercial agility, and efforts to reduce production costs. “OCP was able to fully leverage the benefits of higher prices, while calibrating production to match the attendant lower volumes, […]