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%, […]
Authorities in Morocco and Spain expect the number of passengers crossing from Europe to the Kingdom to increase with 12,000 ferry trips made available, up 8.4% from last year, to facilitate the operation. The crossing, dubbed Marhaba (welcome), marks the start of the holiday season for Moroccans living in Europe coming back to spend holidays […]
The leader of forces opposed to the UN-backed Government of National Accord (GNA) Sunday ordered the so-called Libyan National Army (LNA) to step up fighting during the month of Ramadan, which has started this Monday, in their drive to seize capital Tripoli. Khalifa Haftar on an audiotape released by LNA spokesman ordered the east-based forces […]
