taxes

Egypt: decline in Hermes profits

One of the biggest investment bank in Egypt has reported an 18.8 % decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. EFG Hermes made this announcement in report of its third quarter consolidated financial results. EFG Hermes said its net […]

France imposes visa restrictions on Algeria’s nomenklatura

France announced visa restrictions targeting Algerian “dignitaries” at a context of worsening bilateral relations, as Algeria continues to reject individuals ordered to leave France. A showdown went on for months between Algeria and France, since Paris declared its full support for Morocco’s sovereignty over the Sahara. Algeria has weaponized migration and rejected to take its […]

Morocco turned pharmaceutical sector into strategic lever for health sovereignty

Morocco has turned its pharmaceutical sector into a strategic lever for health sovereignty and economic growth, said on Thursday in Istanbul, the Secretary of State in charge of Foreign Trade, Omar Hejira. Speaking during a panel held part of the 5th Türkiye-Africa Business and Economic Forum, Hejira emphasized that the Kingdom has undertaken an ambitious […]