Africa Finance Headlines International Morocco

South Africa’s Sanlam Takes over Morocco’s SAHAM Insurance Business in Africa for $1.05 bln

ape-Town based insurer Sanlam said it will fully acquire Morocco’s SAHAM group insurance business in Africa in a $1.05 billion deal. The deal will give Sanlam access to SAHAM’s 26 markets across North Africa, the Middle East and West Africa and builds on its business that spans 11 African countries, India and Malaysia. SAHAM Finances, […]

Headlines Tunisia

Fears of Uncontrollable Inflation Haunt Tunisia as Trade Deficit Deepens

Tunisia’s economic indicators are “frightening” as the country is unable to defend its currency “even if it wanted to,” and must instead focus on narrowing its trade deficit to revive the economy, Central Bank Governor Marouane El Abassi said. The statement reflects the depth of the country’s economic and financial crisis after the Central Bank […]

Asia Business Headlines International

IT Spending in MENA Region to hit $155 billion in 2018

IT spending in the Middle East and North Africa (MENA) is projected to boom to $155 billion in 2018, growing 3.4 % from last year, US consultancy Gartner Inc. said. The consultancy said at its annual three-day Symposium ITXPO that spending on software is expected to grow 12.7% in 2018, compared to 10.9% growth in […]

Europe Headlines International Morocco

Lisbon Talks on Sahara were “Rich, Fruitful”, Says Foreign Minister

The bilateral talks held Tuesday in Lisbon between the UN Secretary-General’s personal envoy for the Sahara, Horst Kohler, and a Moroccan delegation, led by Foreign Minister Nasser Bourita, were “rich” and “fruitful”. The description was made by Nasser Bourita who pointed out that “overall, the discussions took place in an atmosphere of serenity and the debates […]

Algeria Headlines Morocco

Morocco Reaffirms Algeria’s Responsibility in Perpetuating Ordeal of Tindouf Camps Population

Morocco reiterated its firm condemnation of Algeria’s connivance with the Polisario militias in maintaining a civil population hostage in abhorrent living conditions in the Tindouf camps. Speaking at the 71st session of the Standing Committee of the High Commissioner for Refugees (UNHCR) held on March 6-8 in Geneva, Morocco’s chargé d’affaires, Hassan Boukili, deplored the […]

Egypt Europe Headlines International

Egypt-UK: British MPs Seek to visit Imprisoned Morsi

A panel of British lawmakers has submitted a request to visit former President Mohamed Morsi in detention since he was overthrown in 2013 by incumbent President who is seeking a second term in office. The group, made of the UK’s two leading parties, Conservative and Labor, reportedly wrote to Egypt’s UK ambassador to request a […]

Business Headlines Morocco

Around 40 pc of Morocco’s Citrus Output Exported to EU

Around 40 pc of Morocco’s citrus production are exported to the EU, Morocco’s major trade partner, with 30-35 pc going to Russia and a further 15-17 pc to North America, while the local market absorbs 70 pc of the output. The Moroccan citrus industry is expected to produce 2.4 million metric tons (MT) during the […]

Asia Headlines International Morocco

Moroccan Urban Project Wins Dubai International Award for Best Practices

A Moroccan project was awarded the prestigious Dubai International Award for Best Practice in the category of national urban policies, UN Habitat and Dubai municipality announced. The initiative “We are Medina Learning from Jnane Aztout” implemented in the northern city of Larache won the “best practice for improving the environment” in the field of national […]

Algeria Headlines Morocco

Moroccan Delegation Meets UN Envoy for Sahara in Lisbon

A Moroccan delegation, led by Foreign Minister Nasser Bourita, met UN Secretary-General’s Personal Envoy for the Sahara, Horst Köhler in Lisbon this Tuesday. The Moroccan delegation comprises Morocco’s Permanent Representative to the United Nations, Omar Hilale, President of the Laayoune-Sakia El Hamra region, Sidi Hamdi Ould Errachid, and President of the Dakhla-Oued Eddahab region Ynja […]

Algeria Headlines

Power Cut Forces Doctors in Algeria to Complete Brain Surgery Using Phone Lights

As doctors across Algeria continue their open strike to protest low wages and poor working conditions, a video showing surgeons conducting brain surgery using mobile phone lights after their hospital plunged into darkness has caused outrage, further igniting the wrath against a heavily subsidized yet underperforming health sector. The video of doctors using lights of […]