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 […]

Tunisia to offer 140 projects to foreign investors

Tunisia will be hosting an International Investment Conference in Tunis from Tuesday, seeking support and investors to revamp its ailing economy. According to Fadhel Abdelkefi, Minister of Development, Investment and International Cooperation, “the conference is an opportunity for the North African nation to present its major infrastructure projects to international investors in order to provide […]

Polisario’s African Union Membership, an ‘Anomaly’ at ‘Odds with International Law’- FM

The membership of the Algerian-backed separatist entity, SADR, in the African Union is an “anomaly” that goes against the international law, said Morocco’s Foreign Minister Nasser Bourita. Bourita told the French radio channel, RFI, that two thirds of African countries do not recognize the Algerian-sponsored separatist entity. He recalled that during the AU’s July summit […]