A new high-tech textile industrial unit in Casablanca will start operations shortly, under an agreement signed this week by Minister of Industry and Trade, Moulay Hafid Elalamy, and the managing director of Omega Textile Maroc, Song Linghui. The unit, requiring an investment of 80 million dirhams, will manufacture hosiery, socks and lingerie by using new […]
Nebras Power has announced it acquired 60 per cent of stakes in Tunisia’s Carthage Energy Company making the deal the first expansion of the company into North Africa. The Dutch affiliate of the Doha-based company, Nebras Power Investment Management, completed the acquisition this week as the company makes its first foray into North Africa. The […]
The International Monetary Fund (IMF) commended Morocco’s tax reforms which enabled an enlargement of the tax base, narrowed the fiscal deficit and helped finance key reforms. “As a result, tax revenues in 2024 have been greater than expected. With only a small part of the additional tax revenues being saved, the central government’s deficit for […]
