BCIJ

Morocco seeking to purchase fleet of Airbus helicopters for military pilots’ training

The Airbus Company announced on Monday that Moroccan Royal Air Forces have ordered a fleet of helicopters (H135) for military training missions. The light twin-engine H135, a reference helicopter in the segment, will be used for training pilots to perform a wide array of demanding missions including utility and search and rescue, said the aircraft […]

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 […]

Algeria’s Mega Mosque Turns to Financial Black Hole

The giant mosque that is being built to stand as a hallmark of President Bouteflika’s legacy has come to represent all that is wrong with financial governance in Algeria. The mega project, initially launched with a price tag of $1 billion, has drawn funds exceeding $2 billion so far. The monument is becoming a black […]