Maghreb: Taieb Bacchouche, New Chairman of Arab Maghreb Union

Tunisian former Foreign Minister became Thursday Secretary General of the Arab Maghreb Union (AMU.) The 72-year-old former diplomat was appointed by the AMU Foreign Ministers Council at the 33rd session held in Tunis. Bacchoube will replace country-man Habib Ben Yahia, outgoing Secretary General of the AMU. Bacchoube was Tunisia’s Foreign Minister from February 2015 to […]

Egypt, Qatar ink agreement to eliminate double taxation on income

Qatar and Egypt signed Monday in Doha a deal to remove double taxation on income, and prevent tax invasion and avoidance, the Egyptian government announced in a statement. The agreement includes detailed provisions for the taxation rules and conditions by both countries, to prevent tax duplication, with respect to taxes on income from non-transferable assets, […]

OCP Group Posts Record 97 Billion Dirham Revenue in 2024

Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]