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%, […]
Mauritania has for the first time officially reacted Wednesday to the Polisario’s provocative acts at Guerguarat crossing point as these acts obstruct the traffic of trucks carrying Moroccan produce to Mauritania and beyond to other African countries. The spokesperson for the Mauritanian government, Sidi Ould Salem, affirmed, at the end of the Council of Ministers […]
The International Narcotics Control Board has commended the sustained efforts engaged by Morocco in its fight against drugs trafficking and consumption, praising the country’s strategy focusing on prevention and treatment of addiction. In its 2019 report, INCB says Morocco’s drugs control strategy 2019-2029 includes several measures to monitor and address health consequences related to drug […]
