AngloGold Ashtanti acquisition of $2.5B Centamin Company

AngloGold Ashanti has reached an agreement to acquire Centamin Company in a transaction valued at around $2.5 billion. This acquisition will grant AngloGold control over the Sukari mine in Egypt, a renowned gold mine globally. Upon finalization, AngloGold shareholders are set to possess approximately 83.6% of the company, while Centamin investors will retain about 16.4% […]

Qatar and Algeria cement ties after Embassy inauguration

Algerian Prime Minister Abdelmalek Sellal arrived in Qatar on Sunday for a two-day working visit. The highlights of his visit include the inauguration of the Algerian Embassy and the signing of several agrrements at the fifth Qatari-Algeria higher committee meeting. Discussions between Amir Sheikh Tamim and Prime Minister Sellal, wherein Deputy Amir Abdullah bin Hamad […]

Moroccan reinsurer SCR rebrands as Atlantic Re with African expansion plans

Morocco’s Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re, marking a strategic pivot toward continental expansion. The announcement, made Thursday, follows the inauguration of the company’s new headquarters at Casablanca Finance City. The 65-year-old reinsurer, a subsidiary of state investment fund CDG, positions this rebranding as part of a comprehensive transformation strategy […]