heddad

Moody’s confirms improvement of Morocco’s financial outlook to stable

Credit rating agency Moody’s affirmed Morocco’s outlook to stable from negative while it maintained its long-term issuer at BA1. Moody’s noted the recovery of Morocco’s real GDP to levels backed by solid crisis management capacities by the government during the pandemic, the agency said in a statement. “The improved governance track record underpins Moody’s expectation […]

AQIM leader, Algerian Abdelmalek Droukdal, killed in Mali

Al Qaeda leader in the Islamic Maghreb (AQIM), Algerian Abdelmalek Droukdal, was killed by French forces and their allied military in an operation in northern Mali, near the Algerian border, French Defense Minister announced on Friday. the key Islamist fighter and mentor of several Sahel jihadist groups that French forces had been hunting for more […]

OCP reports $2.67 Bln earnings in 1st Quarter 2022

The revenues of the Moroccan state-owned phosphate group OCP reached $2.67 billion in the first quarter of 2022, up from $1.59 billion reported the same period last year. The record results achieved by OCP in 2021 have continued in the first quarter of 2022, driven by strong market conditions and operating efficiencies, says the OCP […]