One of the first economic reforms under President Al-Sisi has been announced. Henceforth, a 10% tax will be levied on capital gains and stock dividends but the percentage could be lowered to 5% in some cases. The taxes are expected to generate between 3,5 and 4,5million Egyptian pounds. The new law was approved by the […]
Morocco’s Foreign Exchange Office has introduced groundbreaking reforms allowing accredited agents to utilize electronic payment terminals for currency purchases against dirhams using international bank cards. Clients can also receive dirham-loaded prepaid cards, creating seamless circuits between international payment methods and the domestic economy. The measure responds to sustained international payment growth. According to the Foreign […]
The Spanish government approved an additional €30 million grant to help Morocco fight illegal immigration, smuggling and human trafficking. The announcement was made by the spokeswoman for the government and acting Spanish Minister of Education, Isabel Celaá, at a press briefing after the Council of Ministers held Friday July 19. The €30 million amount is […]
