Morocco’s subsidies spending surges to $4 bln in 2022

Morocco’s spending to support the purchasing power of its citizens at a context of imported inflation rose to 40 billion dirhams ($4 bln), finance minister Nadia Fettah Alaoui said. Cooking gas subsidies alone accounted for more than 50% of the subsidies budget at 22 billion dirhams due to an increase in prices in the international […]

Tax amnesty: Over $10 bln injected in Morocco’s banking system

Moroccan banks were busy treating requests by cash holders and owners of undeclared assets in exchange for a preferential tax of 5% only, in an operation that ended on December 31 with the injection of 100 billion dirhams or 10 billion dollars in the Moroccan banking system. At least 5 billion dirhams went to the […]

Turkey: Several killed in explosion in Sultanahmet square

A bomb blast rocked Tuesday morning the Turkish largest city of Istanbul killing at least 10 people and wounding 15 at the city’s historic square of Sultanahmet, early reports say. The blast was confirmed by the Istanbul government official website. According to reports, the blast occurred at around 10:15 local time near Obelisk of Theodosius […]