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Egypt: New government says no to taxation

Egypt’s Minister of Finance, Dr. Ahmed Galal, has declared that the government will increase its spending or at least maintain it without increasing taxes or imposing new ones. He claimed the government has “multiple resources” to support its budget. Morsi’s government tried to reduce public spending as requirements for a loan from the International Monetary […]

East African IGAD bloc enhances regional approach towards combating COVID-19

Heads of state and Government of the Intergovernmental Authority on Development (IGAD) adopted Monday a regional approach for the battle against the novel coronavirus disease (COVID-19) outbreak, which is ravaging nations across the globe. This came at an Extraordinary Summit via video conference during which IGAD heads of state and government discussed the strategy to […]

COVID-19: Tourism, most badly hit sector in Morocco with losses worth billions

The Moroccan National Confederation of Tourism has sounded the alarm. The tourism sector has been severely affected by the coronavirus pandemic and the lockdown it entailed worldwide. The tourism sector and all the activities that shape its value chain, i.e. hotels, restaurants, travel agencies and distribution networks, ground transportation and car rentals, event industry and […]