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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%, […]

Algeria: International community decries human rights oppression & persecution of militants

The Algerian people continue to suffer from the growing suppression of freedom of expression, association, and peaceful Assembly, forcing political opponents to flee abroad, while thousands pro-democracy protesters have been jailed by the military regime which has managed so far to weaken the popular Hirak movement. Fourteen human rights organizations, in addition to Human Rights […]

Turkey: Erdogan highlights interrelation between Ankara and Kuwait City

Ahead of his two-day visit to Kuwait that will begin on Monday, President Erdogan said ties between the two countries are “strengthened by their common culture and by sharing the same religion” as he pointed out that their stability, prosperity and peace are interrelated. The Turkish president is hoping to boost commercial relations between them […]