Tunisian Kais Saied with designated PM Habib Jemli

Sanlam and Allianz Set to Reshape Morocco’s Insurance Market Through Landmark Merger

Morocco’s insurance sector moved decisively toward consolidation as Sanlam Maroc advanced plans to absorb Allianz Maroc in a merger-absorption operation to be submitted to the extraordinary general assemblies of both companies on 2 July 2026. The deal’s prospectus received clearance from the Moroccan Capital Markets Authority (AMMC) on 15 June 2026, with accounting effects to […]

Underground Egyptian Cell Nabbed in UAE

United Arab Emirates security services have said they disrupted lately an Egyptian Muslim Brotherhood network that “recruited Egyptian expatriates in the UAE” and “received instruction on means of changing leadership in Arab countries”. According to Al-Khaleej newspaper, the group, made of a dozen people including three doctors, held “secret meetings” across the oil-rich country, set […]

Currency Reform, Morocco’s Path to Become North Africa’s Financial Hub

Currency liberalization is the centerpiece of Morocco’s efforts to transform itself into North Africa’s main financial hub. The gradual Dirham float, which was announced early in January, will help Morocco attract more investments, IMF officials say. Morocco’s Central Bank launched a cautious and smooth liberalization of the Dirham starting with an anchor of 2.5% instead […]