Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]
Morocco’s government will implement a significant increase in the parafiscal solidarity tax on insurance contracts, raising the rate from 1 percent to 1.5 percent. The amendment, scheduled for approval by decree at this Thursday’s Council meeting, aims to strengthen the nation’s disaster response capabilities following recent catastrophic events. The additional revenue will flow directly into […]
A group of Canadian business people and officials are expected in Morocco for a week-long visit (March 11-18) to explore partnership opportunities with Moroccan counterparts, Al Maghreb Chamber of Commerce and Industry (CCIMC) based in Canada says. The strong Canadian delegation, representing various sectors of industrial and economic activity, will also attend the fifth edition […]
