EP

Morocco’s OCP Group Shortlisted for US Frank Edelman Award 2021

Morocco’s OCP group, world’s major phosphates and fertilizers producer, has been selected among the seven finalists vying for the prestigious Frank Edelman Award 2021. The Moroccan state-owned company has been commended for using optimization models to enhance production, marketing and logistical processes to facilitate global distribution. The focus on optimization has boosted OCP’s innovation and […]

Morocco’s Central Bank expects economy to shrink -5.2%, cuts rates to release liquidity

Morocco’s central bank cut the key interest rate from 2% to 1.5% to shore up the economy and reduced the reserve requirement for banks to 0% to release more liquidity. The Bank revised downwards its forecasts for 2020 to -5.2%, the lowest rate since 1996, compared with 2.5% in 2019, as the coronavirus impact and […]

GNA Leader rules out any future negotiations with Haftar

Government of National Accord (GNA) leader Faiez Serraj Wednesday ruled out possibilities to sit down again at a negotiation table with his rival Khalifa Haftar that he accused of committing crimes against all Libyans. In an interview with Italy’s La Repubblica, published Wednesday, Serraj charged the east-based retired military General with bombing “indiscriminately Tripoli, residential […]