Algeria Mulls Building $ 2 bln Condo Towers

The Algerian government is planning to build five major tower complexes in the North African country, which is an important oil and gas producer. These major residential projects, to cost $ 2 billion, are destined to reduce and mitigate housing shortage exacerbated due to galloping population growth and a steady flow of urban migration. The […]

Morocco to administer Jansen vaccine in areas with higher Covid-19 infections

Morocco will soon receive 300,000 doses of the Johnson and Johnson vaccine (Jansen) which will be administered in areas where infections are rifer. These areas include the business and tourist hubs of Casablanca, Marrakech and Agadir, Medias24 reported. Unlike Sinopharm and AstraZeneca, currently in use in Morocco, the new shipment will enable the inoculation of […]

Morocco Exempts Newly Created Industrial Companies from Corporation Tax

Industrial companies created after June 2017 will be exempted from paying the corporation tax, authorities said. A decree was published in the official gazette stating that industrial enterprises will not have to pay the tax for five years after their creation as the government seeks to encourage industrial investments. The tax exemption is targeting enterprises […]