Libya: London court rules against Libya, millions to be paid in compensation

Libya has received its first setback in its legal battle with financial and managerial institutions after the High Court of England and Wales ordered the Libya Africa Investment Portfolio (LAIP) to pay more than $15 million as damages to Catalyst Managerial Services (CMS) and the amount could surpass half a billion dollars. LAIP is a Malta-based […]

EBRD Lends Tunisian Vermeg €25 Mln for Purchase of Lombard Risk

The European Bank for Reconstruction & Development (EBRD) has provided the Tunisian banking and insurance software developer Vermeg a €25 million loan for the acquisition of Lombard Risk, a leading global provider of integrated regulatory reporting and collateral management solutions. Founded in 2002, Vermeg counts major internationally-renowned financial institutions and central banks in more than […]

France, Morocco to Bolster Cyber Security Cooperation amid Rampant Cyber Attacks

At a time cyber attacks and cyber-spying are making the headlines almost every day and at a time cyber theft is rampant, France and Morocco have agreed to bolster their cooperation in cyber security matters and to enhance the capacity of national authorities in charge of information systems security. The broad lines of this enhanced […]