iran

Tunisia’s domestic borrowing gamble risks inflation and social unrest

The Tunisian government plans to seek $3.7 billion in direct financing from the Central Bank of Tunisia (BCT) in 2026, after borrowing $2.3 billion this year to cover urgent debt repayments. Total financing needs are projected at 27 billion dinars, with plans for a 7 billion dinar sukuk issuance, a first for the country. Public […]

Egypt : 10% tax on capital gains and stock dividends introduced

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 […]

Covid-19: Lockdown Cuts Dramatically Motorway Traffic in Morocco

The lockdown decided on March 20 by the Moroccan government to prevent the spread of the coronvirus pandemic has led to a sharp fall in Morocco’s motorway traffic. Travel by car on the country’s highways has dropped by 78 pc in one week (March 25-30) and plummeted by 90 pc during the weekend compared with […]