First Independent Mena Newspaper
A tanker loaded with phosphate rock cargos exported by Morocco’s state-owned phosphates company (OCP) to Canada was detained in Panama after the Algerian-sponsored Polisario front filed a complaint challenging the legality of the transaction. The vessel is the second held within a month after a New Zealand-bound ship loaded with 50,000 tons of OCP phosphates […]
A diplomat using fists to vent his frustration at the foreign policy failures of his country? That is what the Director General of the Algerian Foreign Ministry, Soufiane Mimouni, did by physically assaulting a Moroccan diplomat, Mohamed Khamlichi, at an event in Saint Vincent and the Grenadines in the Carribean. The attack shows the scale […]
The UN Security Council Resolution 2351, adopted last month, reiterated the call on Algeria to shoulder its responsibility in settling the decades-long Sahara dispute and reaffirmed the pre-eminence of Morocco’s autonomy initiative as a basis for negotiation, said Morocco’s Permanent Representative in the UN, Ambassador Omar Hilale. Hilale, who was speaking in Kingstown in Saint […]
FLSmidth has won a five-year contract from Moroccan Phosphates Office (OCP) to operate port equipment for handling phosphate, fertilizers, and sulphur. The port is located in Jorf Lasfar, El Jadida, 100 km south of Casablanca. The contract marks FLSmidth’s first Operation & Maintenance contract in Morocco, the Copenhagen-headquartered company said in a press release. FLSmidth […]
Cooperation in the field of countering cyber security risks has been at the heart of talks in Rabat between Morocco’s Minister Delegate in charge of the Administration of National Defense Abdeltif Loudiyi and Assistant to NATO’s Secretary General in charge of emerging risks Sorin Ducaru. The two officials examined future cooperation prospects in the field […]
Costa del Sol and Morocco are planning to launch a joint tourist offer under the theme “a holiday in two continents,” said the Spanish Malaga Hoy magazine. The publication said that meetings have been taken place between officials in the two countries to finalize the teaming up to offer an unprecedented tourist offer. In this […]
The World Bank announced a $350 million program to support wide-ranging reforms of financial intermediation in Morocco, including new sources of financing for small and medium enterprises (SMEs). The loan also aims at improving the regulatory oversight of the banking sector and supporting the capital market development by broadening the range of instruments and strengthening […]
Sound Energy, the African and European focused upstream gas company, announced that it will start commercializing the first gas from Sidi Mokhtar in Essaouira Basin, central Moroco, by the end of 2017. Sound Energy, which received authorization last year to explore Sidi Mokhtar License area covering 2,700 square kilometres, confirmed that two wells Koba-1 and […]
Food security has been a salient feature of Morocco’s cooperation in Africa as evidenced with the agreements signed by the Kingdom and several African countries notably in the fields of Agriculture and fertilizer production. This endeavor to boost food security on the continent has been materialized notably by Morocco’s state-owned phosphates company (OCP), which sealed […]
The International Monetary Fund has reaffirmed Morocco’s continued qualification for the Precautionary and Liquidity Line (PLL) Arrangement after a first review of its executive board. The two-year PLL arrangement for Morocco in the amount of SDR 2.504 billion (about US$3.42 billion) was approved by the IMF’s Executive Board in July 2016. After completing a first […]