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Bayrou targets social spending and unemployment insurance cuts

The French government, led by Prime Minister François Bayrou, has announced a plan to save €2 to €2.5 billion annually between 2026 and 2029 through reforms to the unemployment insurance system. By 2030, the target is to achieve at least €4 billion in yearly savings, according to......

Moroccan household debt declines slightly in 2024, government workers remain most indebted

Moroccan households saw a modest reduction in their debt burden in 2024, with the average debt-to-income ratio falling to 34%, down from 35% in 2023. The findings come from the 2024 annual financial stability report, jointly published by Bank Al-Maghrib (BAM), the Insurance and Social Welfare Control......

CNSS allocates 65 Billion Lebanese pounds for surgical procedures

The Lebanese National Social Security Fund (CNSS) has announced a new disbursement of 65 billion Lebanese pounds (approximately $726,000) to public and affiliated hospitals, specifically allocated for flat-rate surgical procedures. This initiative is part of ongoing efforts to strengthen support for......

Sanlam introduces Morocco’s first pet health insurance for cats and dogs

Sanlam Maroc has made history in the Moroccan insurance sector by launching Assur’Chien & Chat, the country’s first health insurance policy exclusively for dogs and cats. This groundbreaking initiative caters to a growing community of pet owners in Morocco, offering financial relief for......

Morocco unifies health insurance system to expand social protection

Morocco’s Chamber of Councilors has approved comprehensive reforms to the country’s health insurance system, advancing King Mohammed VI’s vision of universal social protection. The legislation, known as Bill 54.23, restructures the mandatory health insurance (AMO) system by consolidating......

Fahd Mokdad named director general of Allianz Maroc amid strategic leadership shift

Allianz Maroc has announced the appointment of Fahd Mokdad as its new Director General, effective May 29. This leadership change marks a significant moment for the company, which has operated in Morocco for over 70 years and, since 2016, under the global Allianz brand. Mokdad succeeds Abderrahim Dbich,......

UK issues new travel warning for Algeria border regions

the British Foreign, Commonwealth and Development Office issued an updated security advisory strongly discouraging travel to several high-risk areas in Algeria. These include border regions adjoining Libya, Mali, Niger, Mauritania, and parts of the frontier with Tunisia. Specifically, the warning highlights......

Morocco’s strides in social protection showcased at World Bank, IMF meetings

Morocco's advancements in social protection took center stage on Wednesday during the "MENA Social Protection Roundtable," a pivotal event at the World Bank and International Monetary Fund (IMF) Spring Meetings. Wafaa Jamali, Director General of Morocco’s National Agency for Social......

Atlantic Re: A New Identity for Enhanced Regional Ambitions

Casablanca, April 17, 2025 – The Société Centrale de Réassurance (SCR) has reached a pivotal milestone by adopting a new identity: Atlantic Re. This transformation is part of a strategic shift aimed at solidifying national leadership while accelerating regional expansion. A......