First Independent Mena Newspaper
Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]
Moroccans living abroad are the leading foreign exchange earners in the kingdom, alongside tourism and services, the automobile industry and the export of phosphates and derived products. In the first five months of 2021, these Moroccans of the world transferred 36.34 billion dirhams (3.5 billion euros), up 50.2% compared to the first five months […]
The Algeria-backed Polisario separatists have once again failed to practice their “political piracy” as they did in South Africa last May. Last week, it was in Latin America, precisely in Uruguay, that the Polisario attempted to incite a Uruguayan court to order the seizure of a 300-ton shipment of Moroccan phosphate. But, although Uruguay backs […]
The Moroccan government described the South African court decision to maintain seizure of a vessel carrying Sahara phosphates bound for New Zealand as a “violation of international law”. In a statement to the press, Spokesperson for the Moroccan government Mustapha El Khalfi condemned in the strongest terms the ruling by South African court on June […]
The Algerian-backed Polisario separatists suffered a severe legal setback in Panama where a maritime affairs court refused to hold a vessel carrying Moroccan Sahara phosphates bound to Canada. In a comment on the Panamanian legal decision, Abdellah Saaf, Director of the Centre for Studies and Research in Social Sciences (CERSS), said by rejecting the Polisario’s […]
The Algerian-sponsored Polisario separatists suffered a severe setback when Panamanian authorities refused to hold a vessel carrying Phosphates from the Moroccan southern provinces heading to Vancouver in Canada. The Panamanian authorities let the ship continue sailing to its Canadian destination carrying 55,000 tons of phosphate after it had been previously held for few days upon […]
South African authorities have seized in Port Elizabeth a New Zealand-bound vessel carrying 50 tons of Moroccan phosphate coming from the southern port of Laâyoune, reports say. A South African judge has ordered the seizure of the vessel, which docked in the South African port for provisions, Moroccan papers Assabah and Al Ahdath Al Maghribia […]
Nigeria will receive in the few coming days the first shipment of Moroccan fertilizers following the deal sealed lately during King Mohammed VI’s visit to this African country. According to press reports, the first shipload is made of Nitrogen, Phosphorus and Potassium (NPK) fertilizers. It will enable the Nigerian government to alleviate farmers’ burden as […]
Indonesian daily, The Jakarta Post, wrote on Sunday about the promising prospects for the development of economic ties between Indonesia and Morocco, which the paper described as a “regional power in North Africa.” Morocco is a “promising market as well as a gateway to both African and European countries for Indonesian products and investment, as […]
2015 Balzan Prize laureate David Karl Wednesday in an interview with Spanish el Mundo indicated that Morocco will become a rich country in a couple of decades as it possesses world largest phosphate reserves. According to the American professor, by 2050 phosphate will become a rare mineral-leading to souring prices that may even create global […]