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OCP Awards £25 Mln Contract to Scottish Weir for Sustainable Solutions in Greenfield Phosphate Projects

Morocco’s OCP group has selected Scottish mining technology Company Weir to provide energy efficient, sustainable solutions to the next phase of OCP’s Benguerir and Louta greenfield phosphate projects. Under a £25 million contract, Weir pledges to support the continued construction of the Louta project and the trebling of production from the Benguerir project, where Weir […]

Egypt: Minor Arrested for Plotting to Overthrow Regime

Egyptian authorities charged on Thursday a 16-year old boy for plotting to overthrow the government. Omar al-Brashi, a first year high school student was arrested while he was sitting for an exam at his high school in the northern port city of Damietta. He has been charged with international espionage, affiliation to a prohibited group […]

Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023

Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]