The Moroccan government has approved the 2025 budget, granting tax exemptions to defense firms to bolster military production and attract domestic and foreign investment. “This draft decree aims to enable manufacturers of defense and security equipment, weapons, and ammunition to secure a temporary corporate tax exemption,” government spokesperson Mustapha Baitas stated Friday. The proposed budget includes a defense allocation increase from MAD 124 billion ($12.4 billion) in 2024 to MAD 133 billion ($13.32 billion) in 2025.
Egypt is in advanced negotiations with South Korea to buy up to 100 FA-50 light attack aircraft, Egyptian Ambassador to
The MASI index, representing all listed shares on a free-float capitalization basis, continued its robust performance in the first quarter
Tunisia's Central Bank reduced its key interest rate by 50 basis points to 7.5% on Friday, aiming
Diplomats in Libya have accused the Internal Security Agency (ISA) of forcing international NGOs to halt operations, AFP reported Wednesday.
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