Japanese Sumitomo Electric Industries

Morocco’s Wafa Assurance acquires 65% of Cameroon insurer Pro Assur

Moroccan insurance company Wafa Assurance said it completed the acquisition of 65% of Cameroon’s Pro Assur, a company created in 2000. The transaction, taking the form of share acquisition and capital increase, was approved by Cameroon’s and Morocco’s regulatory authorities, Wafa Assurance said in a statement. The deal is meant to help Pro Assur develop […]

King of Morocco Boosts Diplomatic Momentum by Appointing New Ambassadors

King Mohammed VI, of Morocco, received on Tuesday at the Rabat Royal Palace,  nineteen new ambassadors to be positioned in several capitals in Europe, Africa, Oceania,  Asia, and Latin America.   The Sovereign handed the new ambassadors, among whom three women, their appointment dahirs, before they were sworn in before him.   Former finance and […]

Arab Spring Costs Region $ 15 Bln in Lost Tourism

The popular uprisings and political turmoil rocking the region of North Africa and the Middle-East since 2011 have dealt a hard blow to the sector of tourism that suffered losses going up to $ 15 billion, according to Arab Tourism Organization (ATO). At a meeting held lately in Jeddah (Saudi Arabia), ATO president Bandar Al-Fuhaid […]