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Allianz Trade appoints Philippe Dessèvre as global head of reinsurance

Allianz Trade has announced the appointment of Philippe Dessèvre as its new Global Head of Reinsurance and CEO of Euler Hermes Reinsurance AG, effective October 1. This strategic leadership change follows the retirement of Benoît des Cressonnières, who has been with the company for......

Sebou basin reservoir levels rise to nearly 52%

The reservoirs managed by the Sebou Hydraulic Basin Agency (ABHS) reported a filling rate of 51.81% as of April 2, 2025, significantly up from 48.30% during the same period last year. These eleven reservoirs now hold over 2.87 billion cubic meters of water, compared to 2.68 billion cubic meters at the......

Moroccan football federation faces critical decision on Regragui’s future

The Royal Moroccan Football Federation (FRMF) finds itself at a pivotal juncture as internal debates intensify over the future of national team head coach Walid Regragui. With the 2026 Africa Cup of Nations (AFCON) on the horizon, opinions are sharply divided: one faction advocates for Regragui’s......

Morocco enhances water security with new desalination plant in Sidi Ifni

The National Office of Electricity and Drinking Water (ONEE) has officially launched a new seawater desalination plant aimed at bolstering the drinking water supply for Sidi Ifni and surrounding areas. With an estimated 85,000 residents benefiting from this initiative, the plant is expected to alleviate......

EU urges citizens to prepare for potential crises

The European Union has called on its 450 million citizens to stockpile food, water, and other essential supplies to last at least 72 hours. This warning comes amid rising threats from war, cyberattacks, climate change, and disease, which increase the risk of crises across the continent. The call to......

South Africa's urgent water management crisis demands immediate action

South Africa is facing a severe water management crisis, with government officials revealing alarming details about widespread failures in municipal water treatment and environmental degradation. During a recent water and sanitation conference in Johannesburg, participants emphasized the urgent need......

State of emergency declared in Bangkok after Myanmar earthquake

In response to a 7.7 magnitude earthquake that struck central Myanmar, Thai Prime Minister Paetongtarn Shinawatra has declared a state of emergency in Bangkok. The earthquake, which occurred on Friday at approximately 2:30 PM local time (06:30 GMT), was recorded at a depth of 10 kilometers and located......

Addressing Potential Conflicts of Interest in Mark Carney's Role Amid Allegations

Mark Carney, former board chair of Brookfield Asset Management, faces scrutiny over potential conflicts of interest regarding his financial holdings, particularly stock options in Brookfield, worth millions. Conservative Leader Pierre Poilievre recently raised concerns about Carney’s ties to China,......

Azimut enters Morocco’s financial sector with strategic investments

Italian asset management firm Azimut Holding has made a significant move into the Moroccan market by acquiring minority stakes in two subsidiaries of Red Med Capital, a prominent independent investment bank in Morocco. This strategic investment marks Azimut's inaugural foray into the Moroccan financial......