Sunday 13 July 2014

Abraaj in $125m Morocco insurance deal

Abraaj Capital is investing about $125 million in a Moroccan insurance holding firm as it bids to tap growth prospects in Africa's nascent insurance sector. Privately-owned Saham Finances has majority stakes in three subsidiaries: Casablan


US arrests suspect in suicide attack plot

A Moroccan man was arrested near the US Capitol on Friday wearing a vest he believed was full of al Qaeda-supplied explosives and charged in an attempted suicide bombing of Congress, the Justice Department said. Amine El Khalifi, 29, an il


Saudi Paper scraps stake buy in Morocco firm

Saudi Paper Manufacturing Co said on Saturday it has dropped plans to acquire a 51-per cent stake in Marocco's Cellulose du Maroc, citing market conditions. "The variables of current and future mechanisms of the paper pulp market made it d


Bin Hindi seals key Moroccan deal

Bin Hindi Informatics - Special Projects division has partnered with Moroccan mobile computing solutions experts, Mughamrat, to offer comprehensive field sales automation solutions in Bahrain. "We are extremely delighted with the new part


Moroccan author Jelloun felicitated

Moroccan author Tahar Ben Jelloun was one of the six international artists felicitated for their roles in mentoring promising young talents from around the world as part of the 2006-2007 Rolex Mentor and Protégé Arts Initiative. The initia

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