First Independent Mena Newspaper
Tunisian President Kais Saied is set to reject IMF conditions for a $2 billion loan and looks instead to raise taxes on the wealthy to fill in drained state coffers, in yet a new populist move that has little effect on the country’s soaring external debt and due payment deadlines. Saied who has consolidated his […]
Morocco plans to increase the budget for health, education and social safety nets next year but expects the budget deficit to be reduced thanks to an increase in tax revenue, reads the 2023 draft budget. The budget plans to increase in the next four years taxes on companies exceeding 100 million dirhams in annual profits. […]
The World Bank Doing Business 2016 report categorizes Algeria among countries “hostile’’ to investment, placing the country at the 163rd rank out of 189 countries, with Singapore topping the rankings. Despite a myriad of efforts to stimulate economic revival following a plunge of the country’s economy due to the collapse of oil prices, Algeria is […]
Mauritania financial authorities, bankers and businessmen seems to have joined forces in the fight against money laundering, financial crimes, tax evasion and terrorism financing. At a meeting held lately in Nouakchott, experts from of the UN Office on Drugs and Crime (UNODC) showed mauritanian finance inspectors how to foil money-laundering operations, the various methods of […]