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Morocco’s OCP revenue down 33% in 2023 first half

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 […]

Iran: 15 people killed in cargo Boeing 707 crash near Teheran

An Iranian cargo, Boeing 707 carrying from Kyrgyzstan crashed on Monday after skidding off on the runway at an airfield during an emergency landing near capital, Teheran, leaving 15 people dead except one crew member, reports say. The narrow body jet dating back to 1979 crashed into residential area after making an emergency landing at […]

Turkish energy company shuts down supply to Lebanon over arrears

Karpowership, a Turkish company which supplies Lebanon with a quarter of its energy needs, has shut down this Friday its two floating stations over failure by the Middle East country marred in financial crisis, to pay its arrears, Reuters reports. A source knowledgeable of the matter but who required anonymity told Reuters that the company […]