FICOSA Joins Morocco’s Automotive Industry Fabric

Spanish car parts maker, Ficosa, will start operating its Moroccan plant specializing in producing in-vehicle cameras on March 20, the company said. The Catalonia-based Ficosa, which has been sold to Japan’s Panasonic last July, has completed the plant for a total cost of €30 million. The plant, which will offer 800 direct jobs by 2020, […]

IMF commends Morocco’s tax reforms

The International Monetary Fund (IMF) commended Morocco’s tax reforms which enabled an enlargement of the tax base, narrowed the fiscal deficit and helped finance key reforms. “As a result, tax revenues in 2024 have been greater than expected. With only a small part of the additional tax revenues being saved, the central government’s deficit for […]

Egyptian Tourism Bets on Campaigns to Boost Sector

Egyptian tourism professionals pin high hopes on campaigns to revitalize the sector which has been badly hit by repeated terror attacks that scared off foreign tourists. In 2014, nearly 10 million tourists visited the North African country, bringing with them $ 7.5 billion in revenues against the 14.7 million tourists that visited Egypt in 2010, […]