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OCP Group's Ambitious $2 Billion Bond Fuels Green Transition

In a bold step toward sustainability, Morocco's phosphate giant OCP Group has launched an investor roadshow for a new international bond valued at up to $2 billion. This move follows the company's announcement in 2022 of a comprehensive $13 billion green transition plan, underscoring its commitment......

Morocco to Import Around 10 Million Tons of Wheat to Offset Decline in National Production

Morocco plans to import approximately 10 million tons of wheat this year to compensate for the decline in national production, which will not exceed 2.5 million tons during this agricultural campaign. Abdelkader Alaoui, president of the Moroccan Federation of Mills, explained in a statement to the "Efe"......

Morocco Struggles Against Drought's Grip on Crucial Wheat Harvests

As Morocco finds itself in the tightening clutches of an enduring drought, the nation braces for a significant downturn in wheat production, signaling a pronounced rise in reliance on imports for this indispensable crop. The bleak agricultural forecast, outlined by the agricultural advocacy group Comader,......

Moroccan Phosphate Exports Surge as Markets Stabilize

Morocco's crucial phosphate exports are rebounding in 2024 after a sharp decline last year amidst global demand shifts. New data from the nation's Office of Exchange reveals a notable 17% increase in shipments of phosphate rock and fertilizers in January compared to the same period in 2023. These......

Morocco's Ambitious Journey: Crafting its First Aircraft by 2030

Morocco is poised to ascend into the realm of global aerospace manufacturing by the end of the decade. Industry and Trade Minister Ryad Mezzour recently affirmed the nation's commitment to unveiling its first entirely domestically produced aircraft by 2026. In an interview with the “Al-Sharq......

Dissecting the Apple VR Headset: Unveiling the True Costs Beyond the Buzz

When Apple unveiled its inaugural foray into virtual reality (VR) with the Vision Pro headset last year, consumers were taken aback by its hefty $3,499 price tag. However, a recent report has illuminated the stark contrast between the actual production costs and the retail price, unraveling an intriguing......

Advancements in Renewable Energy Propels Morocco Forward with a 2.4% Surge in Electricity Production

Morocco is making significant progress in bolstering its electricity production from renewable sources, marking a notable upswing in 2023. According to a recent report from the Directorate of Studies and Financial Forecasts, total electricity generation experienced a 2.4% increase last year, showcasing......

Morocco: Hollywood's Oasis of Cinematic Opportunity

In the midst of the Sahara Desert's breathtaking expanse, another captivating Hollywood production unfolds against Morocco's iconic sand dunes. Welcome to the enchanting world of filmmaking, Moroccan-style. For over a century, Morocco has stood as a beacon for filmmakers worldwide, drawing them......

Industrial Renaissance: Moroccan Manufacturing Strengthens in December 2023

In the latest monthly business trend survey by Bank Al-Maghrib (BAM), Morocco's manufacturing sector showcased significant improvements in December 2023. The survey reveals a notable surge in production across most industries, with only the "mechanical and metallurgy" sector experiencing......