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Morocco Second Biggest Buyer of Arms in Africa in 2013-2017- SIPRI

Morocco purchased 12% of overall arms imports in Africa maintaining its position as the second largest buyer of weapons on the continent over the 2013-2017 period, the Stockholm International Peace Research Institute (SIPRI) said in a recent report. Morocco was ranked ahead of Nigeria with 5.1% of African arms imports and was preceded by Algeria, […]

Remittances from Moroccans abroad to hit record level in 2022

Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in a recent report. Remittances are key to feeding Morocco’s foreign exchange reserves, which cover around 6 months of import needs, according to the central bank. Morocco, whose diaspora is mainly […]

OCP to challenge Mosaic petition on anti-competitive practices

Morocco’s phosphates producer OCP group said it will challenge a petition filed by its competitor Mosaic aiming to impose anti-subsidy duties on OCP’s fertilizers exports. OCP has said in a statement that since receiving this petition, it has cooperated with the American authorities, who are evaluating whether the petition warrants investigation, and will challenge the […]