blast outside National Cancer Institute in Cairo

Morocco’s counter-smuggling measures generate $400 million in additional customs revenue

The measures taken to end contraband, notably with the two occupied enclaves of Ceuta and Melilla, resulted in additional gains for the customs administration estimated at 4 billion dirhams ($400 million). In its annual report for 2021, the customs administration said Morocco’s crackdown on smuggling was backed by measures to create jobs and curb the […]

Morocco and Spain Intensify Investment Partnership in Biscuit and Industrial Bread Sectors

Economic cooperation between Morocco and Spain continues to deepen in the agri-food industry, with investors from both countries demonstrating strong interest in biscuit manufacturing and industrial bread production. Competition authorities recently disclosed several major concentration operations signaling this growing partnership. The Moroccan Competition Council announced that Mexican multinational Grupo Bimbo S.A.B. de C.V., through its […]

Reconstruction of Egypt’s economy

Egypt finance minister Muntaz al-Said announced on Wednesday that a new 10% tax on major transactions have been approved by a special cabinet that was formed for this purpose. Although no time limit has been precisely set, according to him this tax will mainly be on gains acquired on Initial Public Offerings (IPOs) and also […]