Morocco’s central bank has efficient and effective regulatory control of the banking sector contrary to what Fitch rating claimed in a recent report, said head of the bank Abdellatif Jouahri. The central bank governor, who was speaking to reporters, said Fitch was wrong in its conclusions that run contrary to what other international rating agencies […]
Six Nile upstream countries have ratified a deal dubbed The Nile River Basin Cooperative Framework (CFA) Agreement, which officially entered into force on October 13, despite objections by downstream countries: Egypt and Sudan. In a joint statement, Sudan and Egypt urged all Nile Basin states “to restore the integrity of the 1999 Nile Basin Initiative […]
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 […]
