WFP

Morocco seeks to increase tax revenue

Morocco’s lower house adopted a draft bill on tax reform that aims at achieving tax equity and boosting state tax revenues to fund development projects. The new text also aims at curbing the tax evasion and reduce the size of the informal sector, while making tax incentives more rational in case of the absence of […]

Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]

Morocco & Spain Bust Jihadist Cell Operating Between Tangier and Mallorca

Three ISIS operatives have been nabbed by Moroccan and Spanish authorities in a joint police operation carried out by the two countries’ counter-terrorism services, according to press reports Two extremists of this dangerous cell were captured Wednesday in Tangier Their ringleader, based in Mallorca, was also arrested the same day. The Preliminary investigation showed that […]