military drills

Morocco exempts military industry operators from corporate tax

In a latest measure to spur the defense industry, the Moroccan government adopted a decree exempting investors from corporate tax. The tax break will benefit manufacturers of defense equipment, weapons, and ammunition, the spokesman for the government said following a cabinet meeting. In June, the government approved a bill to set up two industrial acceleration […]

UK to cut import taxes on 99% of goods imported from Africa

The United Kingdom is to cut import taxes on hundreds more products from some of the world’s poorest countries, which is a part of its wider push to use trade to “drive prosperity and help eradicate poverty”, as well as reduce dependency on aid. The Department for International Trade said Monday (15 August) the scheme […]

Libya: The rival governments warn E.U of maneuvering off Libyan shores

The two rival governments in Libya have reacted to the agreement reached by EU’s foreign ministers to launch a naval operation to combat human-traffickers who have brought thousands of migrants to Italian, Maltese and Greek shores. The Libyan coast is under the control of the Tripoli government but the internationally recognized government warned that it […]