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Keywords: Market


OCP Group Plans MAD 5 Billion Bond Issuance to Fund Green Investment Program

OCP Group, Morocco's leading phosphate company, is preparing to issue bonds worth MAD 5 billion from December 10 to 12, 2024. This move aligns with the company's ongoing green investment strategy for 2023-2027, which has a substantial budget of MAD 130 billion. The Moroccan Capital Market Authority......

Morocco Takes Action to Ensure Steady Red Meat Supply Amid Livestock Shortages

To stabilize the red meat market, Morocco has implemented key measures, including suspending import duties and VAT on fresh and chilled meats. Morocco is grappling with a significant decline in its national livestock due to consecutive years of drought and rising feed prices. This challenge has put......

US Agriculture Official Leads Trade Mission to Morocco to Boost Exports

Daniel Whitley, Administrator of the Foreign Service at the U.S. Department of Agriculture (USDA), arrived in Casablanca on Tuesday to kick off a significant trade mission aimed at enhancing U.S. agricultural and food exports to Morocco and other West African markets. Supported by the USDA, the mission......

Morocco Joins the Executive Bureau of the Arab Ministers Council for Electricity

Morocco has been elected as a member of the newly formed Executive Bureau of the Arab Ministers Council for Electricity for the 2024-2026 term. This election took place on Monday in Cairo, during the 15th meeting of the Council, held in the new administrative capital. The Moroccan delegation was led......

US Agribusiness Mission to Morocco: Strengthening Trade Ties and Expanding Market Access

The United States is making strides to deepen its presence in Africa's agribusiness sector, with a major focus on Morocco as a strategic gateway. The U.S. Department of Agriculture will host its first-ever Agribusiness Trade Mission to Morocco from December 2 to 5, an event hailed as the largest......

Protesters Rally Against Skyrocketing Rents in Barcelona

Thousands of protesters took to the streets of Barcelona on Saturday, November 23, 2024, to voice their frustration over the soaring cost of renting apartments in the Catalan capital. The rally highlights a housing crisis exacerbated by a 70% increase in rents over the past decade, while wages have barely......

Rising Sheep Prices Ahead of Eid Al-Adha 2025 Despite Livestock Imports

Sheep prices for the upcoming Eid Al-Adha in 2025 are expected to rise significantly compared to last year, despite the importation of livestock to stabilize the market. A professional in the sector explained that the cost of imported sheep is set to increase sharply, leading to a substantial hike in......

Trump's Election Sparks Unprecedented Surge in Billionaire Wealth

In a remarkable financial turnaround, the wealth of the world's ten richest individuals surged by an astonishing $64 billion following Donald Trump's recent election victory. This unprecedented increase, recorded by the Bloomberg Billionaires Index, marks the largest daily gain since the index's......

Dollar Dips as U.S. Presidential Elections Loom: Market Reactions and Economic Implications

As the United States gears up for its presidential elections today, the dollar has experienced a notable decline. This drop comes amid heightened anticipation surrounding a closely contested race between Republican candidate Donald Trump and Democratic contender Kamala Harris. On Tuesday, the dollar......

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