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Closure of Morocco’s Samir Refinery Propels BP to Pay $68 Million to Abu Dhabi Bank
The London High Court ruled that the British Energy company, BP, pays $68.9 million to the National Bank of Abu Dhabi (NBAD) in a case originating from the sudden closure of Morocco’s Samir refinery in 2015. BP “sold a cargo of crude to Samir in August 2014 which was not paid for and NBAD took […]
Marrakech Hosts Global Forum on Investments in Food & Agriculture
Public funding alone is not enough to achieve the Sustainable Development Goals (SDGs) said participants in the Global Forum organized Tuesday in Marrakech by the European Bank for Reconstruction & Development (EBRD), FAO and EU. They also called on international financial institutions to leverage private investments to tackle global challenges in food and agriculture. The […]
Turkish ready-to-wear brands seek Moroccan suppliers
Turkish ready-to-wear stores operating in Morocco are looking for local suppliers after Morocco raised customs duty on clothes imports from Turkey. Defacto’s Morocco country manager Hassan Avsar said the company has already started textile production in Morocco. LC Waikiki is following suit seeking local suppliers for their stores, Medias 24 reported. This is a direct […]



