morocco economy

Al-Shabab militants launch assault on strategic Somali town, as gov’t remains defiant

Al-Shabab fighters launched a coordinated dawn attack on the strategic town of Adan Yabaal in central Somalia on Wednesday (16 April), igniting heavy clashes with government troops and raising concerns over the sustainability of the country’s counterinsurgency campaign. The town, situated approximately 240 kilometers north of Mogadishu, serves as a critical logistical hub linking Hirshabelle […]

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 […]

Morocco Displays its Huge Untapped Potentials in Oil & Gas

Morocco’s huge potentials in oil & gas and the business opportunities offered in the sector are currently showcased at the second Morocco Oil & Gas Summit convened in Marrakech Feb.-6-7. Organized by the Moroccan National Office of Hydrocarbons and Mines (ONHYM), the event is bringing together potential and existing investors, including SDX Energy, Chariot Oil […]