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Moroccan, Mauritanian armies discuss closer cooperation

Senior officials of the Moroccan and Mauritanian armies held their second joint committee in Nouakchott focusing on the means to reinforce cooperation to secure their shared borders. The meeting comes after a three-day visit by Moroccan chief of staff Abdelfattah Louarak to Mauritania leading a senior level delegation. The importance of this meeting also stems […]

Morocco’s OCP Group raises $2 billion from bonds sale

Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]

Morocco, India sign defense cooperation deal

Morocco and India have signed a memorandum of understanding on defense cooperation this Monday during a meeting between, Morocco’s minister in charge of the administration of national defense, Abdellatif Loudiyi, and Indian Defense Minister Rajnath Singh who is paying a high-level visit to Morocco. The MoU covers cooperation in the fields of training, exercises and […]