Morocco’s 2025 budget has allocated 340 billion dirhams ($34.5 bln) to public investments, up 1.5% from last year. The investments would focus on key sectors such as renewable energies, telecommunications, housing, farming, electricity, water, phosphates, roads, and transports, according to the draft budget. The 2025 assumes a 4.6% growth rate in 2025, up from 3.3% […]
Morocco’s phosphates and fertilizers producer, OCP, said its revenue in the first six months this year dropped 33% to $3.76 bln due to lower prices. The company said it made $1.9 billion in total revenue in the second quarter this year, down 37%, due to lower demand, while expecting demand to improve later this year […]
The Gaza-based Islamist movement, Hamas, has received the green light from the Algerian authorities to open an office in Algiers, Algerian press reported. Following the example of its rival Fatah, which already has a representation in Algiers, Hamas has been given approval to open an office in Algeria which will be headed by Abu Al-Bara, […]
