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 […]
The US government announced Friday that it has provided $5.7 million in aid to Morocco to help in the fight against the COVID-19 pandemic. This aid includes $4 million from the Economic Support Fund (ESF) to support the socio-economic recovery among marginalized and vulnerable populations in urban and rural areas through a cash transfer program, […]
The Egyptian police arrested Tuesday businessman and ex-owner of Mehwar satellite channel Hassan Rateb on accusation of funding unlicensed excavation of antiquities, a crime amounting to life imprisonment. Rateb has been named in an investigation of former lawmaker Alaa Hassanin who was also arrested last week and accused of leading a gang to dig for […]
