African continental free trade area

Spain-Morocco: Joint Exercise on Radioactive Emergency Situation

Spain and Morocco started Tuesday a joint exercise to enhance sea safety transport of a radioactive material from Algeciras port to Tangier-Med port. Dubbed “Gate to Africa,” the three-day exercise, first of its kind, is organized in cooperation with the International Atomic Energy Agency (IAEA). It seeks to assess and improve the two neighbouring countries’ […]

U.S. Bipartisan House Resolution Condemns Polisario as Terror Organization Funded by Tehran

A US Bipartisan House Resolution has condemned the recent provocative actions made by the Polisario Front and its foreign supporters, describing the separatist group as a terrorist organization funded by Iran. It is the first time that a bipartisan resolution has been introduced in the US congress condemning the connivance between Iran and the Algeria-backed […]

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%, […]