OCP Morocco

Morocco’s 2026 defense budget confirms rise of domestic military industry

Abdellatif Loudiyi, Minister Delegate to the Head of Government in charge of National Defense Administration, presented the 2026 defense budget to the parliamentary committee, confirming an increase in the country’s defense spending. The increase keeps the strategic focus on modernization and building a domestic military industry, Moroccan media reported citing Loudiyi’s meeting with members of […]

Former US Ambassador to Morocco awarded a royal decoration

King Mohammed VI has bestowed on former US ambassador to Morocco David T. Fischer the Alaouite Wissam of Commander’s Order, in recognition of his efforts to strengthen bilateral relations and close friendship between the two countries.   The royal decoration was presented to Mr. Fischer by Morocco’s ambassador to the United States Lalla Joumala Alaoui […]

Inflation could “inflame social tensions”, warns IMF

The global economic outlook is “darkening”, the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the “commodity price shocks” it has caused among the main reasons. The IMF plans to publish later this month “a further downgrade” to its growth forecasts “for both 2022 and 2023”, […]