Archive for November, 2014

Research And Markets: The Insurance Industry In Morocco – Key Trends And Opportunities To 2018

axa

Research and Markets(http://www.researchandmarkets.com/research/wtn5f3/the_insurance) has announced the addition of the “The Insurance Industry in Morocco, Key Trends and Opportunities to 2018” report to their offering.

The Moroccan insurance industry is one of the largest in the Arab region, and the second-largest in Africa. Insurance penetration in Morocco stood at 3.03% in 2013, while the premium per capita stood at MAD815.4. Morocco’s insurance penetration was the region’s highest in 2013 despite low income levels and unfavorable demographics. However, the industry grew at a CAGR of 6.2% during the review period (2009-2013). (more…)

ISIS In Algeria: The Sahel Countries Face More Fight Against Jihadists

Daniel Stemler

Islamic State expands in Algeria as the Sahel could turn into a hotbed of jihadists.

IS

Last week Abu Bakr al Baghdadi, leader of Islamic State (IS), announced that the terrorist group would expand in other Middle Eastern countries, including Algeria. The North African country practically stayed out of the Arab Spring and looked ready to take a huge step forward for peace and development. But now as the Jund al-Khilafah (’Soldiers of the Caliphate in Algeria’) officially has split from ‘Al-Qaeda in the Islamic Maghreb’ (AQIM) group and joined the global jihad of IS, the situation could change radically in the country. (more…)

Tunisia Boosts Intelligence Capacity

Def Min

[AFP/Fethi Belaid] Tunisian Defence Minister Ghazi Jeribi on November 20, 2014 announced the launch of a new security agency.

To eradicate terrorism, the Tunisian government is putting military and civil intelligence under one umbrella.

Tunisia on Tuesday (November 20th) established the Intelligence, Security and Defence Agency under the Ministry of Defence. (more…)

PetroMaroc Corporation Plc – Q3 2014 Results Published

PetroMaroc..

In the third quarter of 2014, PetroMaroc Corporation plc (TSXV: PMA) (the Company or PetroMaroc) confirmed the significant natural gas potential of the Kechoula structure in the Sidi Moktar Exploration Licence in Morocco(”Sidi Moktar”). The Company raised new capital for ongoing exploration and corporate initiatives, and is seeking a partner to help develop Sidi Moktar. (more…)

Moroccan Acquires 40% Stake In Nigeria’s Unitrust

Unitrust

Saham Finances, a subsidiary of Groupe Saham owned by Moulay Hafid Elalamy, a Moroccan tycoon and current trade and industry minister, has acquired a 40 percent stake in Nigerian non-life insurance company, Unitrust Insurance Company Limited. Unitrust was established and licensed in 1986 to operate as an insurer in Nigeria and it presently carries out all forms of general/ non-life insurance transactions. (more…)

Maghreb news 2014-11-26

Logo mediumMagharebia

Elections | 2014-11-26
Tunisia braces for presidential runoff
What began as a presidential race in Tunisia between 22 candidates is now down to a battle between Béji Caid Essebsi and Moncef Marzouki (more…)

Morocco Emerging As Strong Oil Frontier

UPI
By Daniel J. Graeber

Woodside

Australian energy company Woodside Petroleum maintains commitment to exploring frontier oil and gas territory off the coast of Morocco. (UPI/Shutterstock/num_skyman)

Australian energy company Woodside Petroleum said Wednesday it was stepping further into frontier territory with an exploration deal offshore Morocco. (more…)

GCC, Moroccan, Jordanian FMs Approve ’13-18 Action Plan

Arabian countries

Ammon News

Foreign Ministers of six Arabian Gulf countries, Jordan and Morocco voiced approved recommendations for 2013-18 plan of action, and underscored importance of the strategic partnership to boost development and investment in all countries. (more…)

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