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    November 19, 2022

    Moroccan Crown Prince Moulay El Hassan Inaugurates International Exhibition in Rabat

    Rabat- Morocco’s Crown Prince Moulay El Hassan inauguarted the International Exhibition and Museum of the Biography of the Prophet and Islamic Civilization at the Islamic World Educational, Scientific and Cultural Organization (ICESCO) in Rabat on November 17.


    November 18, 2022

    Budget: Gov't Kept Deficit at Reasonable Levels (Minister)

    Rabat - The Minister Delegate for Relations with Parliament, Government Spokesman, Mustapha Baitas, said on Thursday in Rabat that the Executive has managed to maintain the budget deficit at reasonable levels.


    November 18, 2022

    Acquisition of Noatum Propels AD Ports Group to Become a Global Logistics Platform

    AD Ports Group (ADX: ADPORTS) today announced that it has acquired Noatum, a global integrated logistics platform with a presence in 26 countries and LTM revenue and EBITDA of AED 6.91 billion (EUR 1.80 billion) and AED 555 million (EUR 145 million), respectively. The total purchase consideration"...

    November 14, 2022

    Morocco’s Mohammed VI Climate NGO Launches Climate Mitigation Initiative

    Rabat - The Mohammed VI Foundation for Environmental Protection is partnering with the General Confederation of Moroccan Enterprises (CGEM) to launch a climate mitigation initiative.


    November 12, 2022

    Morocco’s Government Approves Tax Raise on Shisha, E-Cigarettes

    Rabat - Morocco is preparing to increase taxes on waterpipes, commonly known as “shisha” and electronic cigarettes over concerns for public health. Morocco’s Finance and Economic Development Committee reportedly approved the new round of taxes on Wednesday following a vote. The tax means that for every kilo of shisha smoking material, consumers would have to pay MAD 675 ($63). To impose the new tax, the government first voted to introduce an amendment to the Finance Bill of 2023 that aims to extend the tax base to include......

    November 12, 2022

    Rabat’s Al Mokhtar Jazoulit School Crowned ‘Outstanding School’ in Arab Reading Challenge

    Rabat- The Al Mokhtar Jazoulit School in Rabat won the title of “Outstanding School” out of 92,000 Arab schools during the sixth edition of the Arab Reading Challenge in Dubai.


    November 10, 2022

    Dubai Electricity and Water Authority PJSC 9M-2022 profit rises 21% to AED 6.47 billion

    Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), has reported its third quarter 2022 financial results, recording quarterly"...

    November 5, 2022

    Dutch FM Addresses Schengen Visa Issues for Moroccans

    Rabat - Dutch Deputy Prime Minister and Foreign Minister Wopke Hoekstra addressed the Schengen visa issues and fraud that Moroccans are facing in a letter issued on November 3.


    November 4, 2022

    30 Finalists announced for Zayed Sustainability Prize 2023

    The Zayed Sustainability Prize, the UAEs pioneering global award for recognising excellence in sustainability, held its Jury meeting to elect winners for its current 2023 cycle, who will be announced during the Prize’s Awards Ceremony at the 2023 Abu Dhabi Sustainability Week (ADSW),"...

    October 31, 2022

    Government to Tax Banks, Insurance Companies to Reduce Deficit

    Rabat - Morocco’s government recently announced that it is heading towards increasing corporate tax on banks and insurance companies starting 2023. In a move likely related to Morocco’s soaring deficit, the government announced that as part of the 2023 state budget, the country would collect a 40% tax on corporate profits exceeding MAD 100 million ($9 million) for banks and insurance companies until 2026. Morocco’s Economy and Finance Minister, Nadia Fettah Alaoui, announced the measure while presenting the highlights......

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