Africa Business Headlines International Morocco

South Africa’s Sanlam Completes Acquisition of Moroccan Insurer Saham

South African financial services company has strengthened its foothold as Africa’s largest insurance firm with the completion of the $1.1 billion purchase of Morocco’s Saham Finances SA after regulators approved the deal. The acquisition, which was sealed on October 9 and has entered into force on October 11, will help Sanlam boost presence in 33 […]

Headlines Morocco

Morocco-Counterterrorism: 57 Cells Dismantled since 2015

The relentless fight against terrorism led by Morocco’s Central Bureau of Judicial Investigations (BCIJ), since its inception in 2015, enabled the institution to dismantle 57 terrorist cells, including eight during the year 2018. These figures bring the total number of cells dismantled in Morocco, since 2002, to 183 structures that projected terrorist attempts in the […]

Americas Headlines International Morocco

Rabat & Santiago Look Forward to Boosting Trade & Investment

Morocco and Chile have agreed to enhance trade exchanges and investment to give a new impetus to their cooperation and partnership that are growing rapidly. A Memorandum of Understanding was inked on Wednesday in Rabat by Secretary of State for Foreign Trade Rakiya Eddarhem and Chile’s Ambassador to Morocco Alex Geiger Soffia. The MoU calls […]

Finance Headlines Morocco

Morocco’s 2019 Appropriation Bill to Give Priority to Social Services

Morocco’s 2019 draft appropriation bill will give priority to social development notably in the fields of education, health and employment, said a statement read out by Spokesman for the Royal Palace, Abdelhak Lamrini. The appropriation bill was reviewed at the ministerial council chaired by King Mohammed VI Wednesday and will be submitted to the parliament. […]

Europe Headlines International Morocco

Moroccan Ilham Kadri Becomes CEO of Belgian Solvay’s Group

The Board of Directors of Solvay, a Belgian chemical company, has appointed Ilham Kadri CEO of the Group. Ilham Kadri, who will replace Jean‐Pierre Clamadieu, is assigned the mission to continue Solvay’s transformation strategy. Ilham Kadri is CEO and President of U.S. hygiene technology and services company Diversey and has led, since 2013, its turnaround, […]

Asia Headlines International Morocco

Morocco Sends Humanitarian Aid to Gaza

Morocco dispatched three airplanes loaded with 1.8 tons of aid to the besieged Palestinians in the Gaza strip, Morocco’s news agency MAP reported. The humanitarian aid, sent upon orders of King Mohammed VI, will be channeled to Gazans through Rafah crossing in Egypt. The shipment, which includes medical equipment and supplies, will help meet the […]

Europe Headlines International Morocco

Morocco Takes Part in EU G6 Interior Ministers’ Meeting on Terrorism, Migration

Morocco’s Interior minister, Abdelouafi Laftit, is taking part in Lyon, France, in the G6 Interior Ministers’ meeting, gathering the European Union’s six biggest countries (France, Germany, United Kingdom, Spain, Italy & Poland). Morocco and the United States are the only two non-European countries invited to the two-day meeting that is focused on the fight against […]

Europe Headlines International Morocco

Spain Urges EU to Honor Promise to Help Morocco Tackle Migration

As Spain and Morocco feel the heat of the surge in migrants after the closure of the Balkan route and deterioration of security conditions in Libya, the EU is more divided than ever, with member states pursuing narrow national interests while ignoring the shared responsibility in managing migration. Spain has recently urged the EU to […]

Headlines Morocco

Morocco Rescues over 600 Migrants at Sea over Weekend

Morocco’s Royal Navy said it rescued 615 migrants from 31 boats that ran into trouble in the Mediterranean at the weekend while trying to reach Spain. This happens as Morocco becomes a destination and a transit country overtaking Libya as the main entry point for migrants willing to cross the Mediterranean to Spain or to […]

Asia Business Headlines International Morocco

Toyota Tsusho to Deliver Morocco Marine Research Vessel in 2021

Toyota Tsusho Corporation, supported by CFAO, its subsidiary, has won a $44 million contract to supply Morocco an oceanographic and fishery research vessel. The building of the research boat is expected to be completed in 2020 while delivery is scheduled for 2021. It will be built at the Mitsui E&S Shipbuilding Tamano Shipyard in Japan. […]