David T. Fischer has taken up his position in Rabat as new US ambassador to Morocco and handed this Wednesday a copy of his credentials to Foreign Minister Nasser Bourita. According to local website Le360, the new ambassador will shortly hand his credentials to King Mohammed VI, along several other newly appointed ambassadors to Morocco, […]
After overtaking South Africa as the continent’s first car producer, Morocco is moving forward unseating Africa’s largest economy in terms of attractiveness to investments, said the Rand Merchant Bank in a recent report. The report shows that Morocco, with an expected growth rate of 4% in the medium term, has greatly enhanced its operating environment. […]
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%, […]
