Morocco-harvest

Tax amnesty: Over $10 bln injected in Morocco’s banking system

Moroccan banks were busy treating requests by cash holders and owners of undeclared assets in exchange for a preferential tax of 5% only, in an operation that ended on December 31 with the injection of 100 billion dirhams or 10 billion dollars in the Moroccan banking system. At least 5 billion dirhams went to the […]

France: Hollande irritated by US NSA alleged spying on him

France’s President François Hollande has been irritated by whistleblower WikiLeaks’ revelations that the US National Security Agency (NSA) had spied on three French presidents including him. Following the revelations, President Hollande held an emergency meeting with his cabinet members and army commanders on Wednesday to discussion the matter. The meeting ended with a statement underlining […]

EBRD supports Morocco’s packaging industry with €15 Mln funding

The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]