Libya: HoR Speaker announces further tax reduction on foreign currency transactions

Speaker of Libya’s House of Representatives (HoR), Aqila Saleh, announced on Wednesday, November 20, a further reduction in the tax on foreign currency transactions, lowering it to 15% from the previous 20%. This adjustment applies to all purposes and marks the second decrease in what is commonly referred to as the “dollar tax.” Last October, […]

The Fed Up, the ECB Down: Time to Endow the ECB with a Level Playing Field

After years of loose monetary policy, with 0.5 percent interest rate and three consecutive waves of quantitative easing (QE), including buying US$ 85 billion per month of Treasury bonds (T-bonds), Ben Bernanke, the chairman of the Fed’s board of governors, announced in May the Fed’s intention to commence tapering its asset purchase program. The Fed’s […]

Morocco Wants to Boost Generic Drugs Manufacturing

Morocco has opted for the promotion of the manufacturing and use of generic drugs to expand health coverage from 63 pc to 90 pc by 2021 as the local pharmaceutical production enables the country to meet currently 60 of its needs. To prepare the legal grounds for this undertaking, a draft decree has already been […]