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Morocco receives $275 million in Solidarity Fund against catastrophic events
A parametric insurance pool, facilitated by reinsurance broker Gallagher Re, paid out $275 million to Morocco’s Solidarity Fund against Catastrophic Events (FSEC), responding to the 7-magnitude earthquake that rattled Al-Haouz region on September 8, 2023, Middle East Insurance Review reported earlier this month. The insurance broker confirmed last year that it was in touch with […]
COP27: Morocco & European partners agree on sustainable electricity trade roadmap
Morocco and its European partners (France, Germany, Portugal and Spain) have sealed the “Sustainable Electricity Trade Roadmap” on the sidelines of the COP27 climate change summit taking place in Sharm El Sheikh, Egypt. The five countries recognize the benefits of regional electricity market integration. This ambitious plan had been disclosed during COP22 held in Marrakesh […]
Chad appeals for urgent international aid to tackle humanitarian crisis
Chad has appealed to its international partners for urgent help amid the unfolding humanitarian crisis in the central African country caused by conflicts and climate shocks in an effort to save lives of more than two million people. Abdelmadjid Abderahim, Chad’s public health minister, said flooding, an influx of over 600,000 refugees from conflict-torn Sudan, […]



