Biram-Dah-Abeid

Wafa Assurance launches $100 mln bid to acquire Egypt’s Delta Insurance

Wafa Assurance, one of Morocco’s leading insurance companies, has launched a public takeover bid (OPA) worth 925 million dirhams or $100 million to acquire a controlling stake in Delta Insurance S.A.E., a prominent Egyptian insurer. The bid, filed with Egypt’s Financial Regulatory Authority (FRA) on June 10, targets at least an acquisition threshold of 51%, […]

Looming debt crisis haunts Tunisia’s economy

Tunisia is facing the real risk of defaulting on its external debt which has reached 100% of GDP compared to 35% in 2010. The credit crisis adds to Tunisia’s woes of political and social instability as the country struggles to redress an economy hit by Covid-19 and a drop in tourist arrivals on the back […]

Morocco-Spain joint security operation led to arrest of two ISIS sympathizers

Morocco and Spain have conducted a joint security operation that led to the arrest of two sympathizers of ISIS, one in Nador and one in the city of Lérida. Morocco’s Central Bureau of Judicial Investigations (BCIJ), acting on information provided by the General Directorate of Territorial Surveillance (DGST), arrested on Wednesday a follower of ISIS […]