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Morocco: Five Performance Contracts to promote automotive ecosystems

Part of its continuous efforts to promote the automotive sector, Morocco signed last week five performance contracts that will support the deployment of four ecosystems in the automotive sector, namely automotive wiring, automotive seating & Vehicule interior; metal / stamping; and automotive batteries. The contracts, signed on the sidelines of the 4th edition of “Automotive […]

Algeria blocks Maghreb-Europe pipeline revival despite European pressure

Algeria has reportedly rejected proposals to reopen the Maghreb-Europe Gas Pipeline (GME), despite months of lobbying by several European countries seeking to restore flows toward Spain, the Washington-based energy outlet Attaqa said. According to Attaqa, later echoed by Spanish media, Algiers dismissed multiple attempts to “test the waters” on resuming exports through the GME, which […]

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 […]