Security Council

Nippon Express Establishes Branch Office in Casablanca

Morocco is attracting foreign companies through its special economic zone with the recent setting up of Japan’s top international freight forwarder, Nippon Express, of a second African branch office in Casablanca to cash in on the continent’s increasingly promising logistics market, said the Journal of Commerce, a biweekly magazine focusing on global trade. “Morocco is […]

Panama suspends diplomatic ties with self-proclaimed ‘sadr’

In line with the international law, Panama has cut all ties with the self-proclaimed Polisario entity, SADR, the country’s foreign ministry said in a statement. “The Republic of Panama, prioritizing national interests and adhering to the core principles of its foreign policy, reaffirms its commitment to the objectives and values that underpin multilateralism. The Republic […]

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%, […]