Archive for November, 2014
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…)
Islamic State expands in Algeria as the Sahel could turn into a hotbed of jihadists.
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…)
[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…)
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…)
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…)
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…)
By Daniel J. Graeber
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…)
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…)