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%, […]
Head of Beida-based government, which is challenging the UN-backed Government of National Accord (GNA), has ordered suspension of all Tripoli-Tobruk flights after a UN plane carrying Libyan lawmakers was refused landing in Tobruk. Abdullah Thinni who runs Libya’s second administration, not recognized by the international community, has reportedly demanded that all flights from Tripoli to […]
The dismissal of Mohamed Boussaid, Economy and Finance Minister, by King Mohammed VI came as Morocco is elaborating key economic and financial projects that will leave the upcoming minister with heavy responsibilities. Boussaid was sacked by King Mohammed VI in line with Article 47 of the constitution and in implementation of the principle of linking […]
