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Egypt: Import Duties on Luxury Goods Increased to Promote Local Products
A new presidential decree coming into effect this February 1 will increase import duties on luxury goods from 10% to 40% as the government tries to boost its foreign reserves and ensure that they are spent on essential products while hoping to contribute to an increase in demand of local products. Ahmed Shiha, head of […]
Fearing Russian retribution, Algeria backpedals on gas supply promise to Europe
CEO of Algeria’s oil and gas company Sonatrach Toufiq Hakkar said on Feb 27 his country was ready to tap the potential of a 10 cubic meter pipeline to Italy, but a day later he backtracked on his promise casting doubt on Algeria’s limited gas production capacity, in a volte-face that indicates a fear of […]
Sahara: British MPs impressed by development level in Laayoune-Sakia El Hamra
Members of a delegation of British Conservative MPs from the House of Lords, on a working visit to Morocco, said, Thursday in Laayoune, that they have been “impressed” by the level of development in the Laayoune-Sakia El Hamra region and the projects launched in all areas. This visit has allowed the Lords to see on […]



