First Independent Mena Newspaper
Morocco’s government announced Thursday that tax revenues are expected to reach 366 billion dirhams ($36.5 billion) this year, representing a substantial increase from the 199 billion dirhams ($19.8 billion) recorded in 2020. Government spokesperson Mustapha Baitas attributed this nearly 160 billion dirham rise to fiscal reforms that have strengthened public finances and expanded funding capacity […]
Morocco has lowered taxes on imported mobile phones from 17.5% to 2.5% as part of the 2026 Finance Law, a move the government says will help stabilize the market, reduce smuggling and support businesses that operate legally. The new rate applies to all mobile phones, whether fully assembled or imported in pieces to be put […]
Morocco’s 2026 General Tax Code represents the normative culmination of a trajectory clearly assumed since the third National Tax Conference held in 2019, consolidating engaged reforms while providing overall coherence rather than constituting doctrinal rupture or simple technical revision. Underlying Moroccan fiscal philosophy has evolved significantly in recent years, no longer prioritizing nominal rate adjustments […]
Morocco is poised to enter 2026 in a favorable position, with Standard Chartered forecasting 4.5% economic growth for the year, driven by resilient non agricultural sectors, accelerating investment, and robust domestic demand. The projection was published in Standard Chartered Global Focus 2026 report. It follows an estimated 4.8% expansion in 2025, marking the strongest post […]
Moroccan citizens abroad sent home record remittances totaling 111.53 billion dirhams ($12.07 billion) through November 2025, representing 1.6% annual growth from 109.8 billion dirhams during the corresponding 2024 period, according to Exchange Office data. The steady increase demonstrates continued diaspora support for Morocco’s national economy despite ongoing global economic challenges. Tourism sector recovery proved particularly […]
Morocco’s General Tax Directorate detailed principal fiscal measures contained in the 2026 budget law, continuing reforms initiated in 2023 under framework law 69-19 governing comprehensive tax system restructuring. The legislation aims to reinforce previous reform achievements while accelerating growth dynamics and employment creation. Recent years’ reforms addressed corporate tax, value-added tax, and income tax, progressively […]
Libya’s public debt stood at nearly $50 billion in 2024, according to the annual report of the Libyan Audit Bureau, excerpts of which were published by the state-run Libyan News Agency. The report puts total debt at 270 billion Libyan dinars (about $49.8 billion), comprising 84 billion dinars owed by the Tripoli-based Government of National […]
Egypt has secured $140 million in long-term syndicated financing for the first phase of a metallic silicon and silicon derivatives complex in the industrial zone of New Alamein, marking a strategic step in deepening domestic value-added manufacturing. The financing agreement was signed this week, in the presence of Minister of Petroleum and Mineral Resources, Karim […]
Moroccan judicial authorities registered over 500 cyber offenses, 116 terrorism cases, and 801 money-laundering files in 2024, according to the Public Prosecution Presidency report, reflecting growing digital tool roles in criminal activity and terrorism financing. The report documents diverse cybercrime activities including online fraud, electronic sexual harassment through messages or recordings, crime incitement via digital […]
Morocco’s national savings rate climbed to 29.7% of gross domestic product during the third quarter of 2025, up from 28.7% one year earlier, according to the High Commission for Planning in its economic situation report. This evolution reflects slowing final national consumption in value terms, which progressed 5% instead of 6.1% in Q3-2024, the commission […]