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 […]
CRC Evans (CRCE), a leader in welding, welding technology, and coating services, has won a major contract renewal to provide project management and pipeline welding services for a transformational water pipeline project in Morocco. State-owned OCP Group is constructing a 219-km water pipeline to transport desalinated water from its facilities in Jorf Lasfar on the […]
The Casablanca Stock Exchange returned to positive momentum in August after two months of consolidation, with the MASI index gaining 4.53 percent to 18,652.72 points, trimming its year-to-date decline to 1.03 percent, according to a research note from brokerage BKGR reported by Boursenews. The firm cautioned the rebound looks more like a normalization after months […]
