maghreb

Hit by Low oil prices, Nigeria opts for borrowing; Algeria chooses to starve its people

The end of the era of expensive oil has put strains on the budgets of Nigeria and Algeria pushing the first to seek foreign borrowing while the latter adamantly sticks to zero borrowing policy at the expense of starving its population. Nigeria, which has a more diversified economy compared to Algeria, is knocking on the […]

Irish Kerten Hospitality Expands Presence in Morocco

Kerten Hospitality group, known for creating purpose-driven, community-centric destinations, is expanding its presence in Morocco with a new resort and branded residences project in El Jadida. The new Casadora Resort by “Cloud 7 Hotels” will enhance further El Jadida seaside destination, emerging as a next-generation coastal lifestyle destination, driven by demand for experiential travel, second […]

OCP Group reports $5.2 billion revenue growth in first half of 2025

Morocco’s phosphate giant OCP Group achieved remarkable financial and operational performance during the first half of 2025, recording double-digit growth across key indicators. The company’s revenue reached 52.2 billion dirhams ($5.2 billion) compared to 43.2 billion dirhams in the corresponding 2024 period, driven by increased fertilizer and rock sales volumes. Second quarter 2025 revenue totaled […]