Business & Economy Bound

Morocco: Consumers to pay more for Netflix, Airbnb and other online services courtesy 2024 state budgetF

Morocco is overhauling its taxation system to generate more revenue from online services, in particular the ones focused on foreign-operated services.  The new provisions of the Finance Bill for the 2024 fiscal year introduce tax payments from international companies...
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Economy: China’s commitment to Africa is being tested by its stance on the continent’s crippling debtF

By MondAfrique: As a whole, Africa has seen its debt increase five-fold over the past twenty years, to reach $700 billion. And Chinese lenders represent 12% of that total, according to Chatham House , the London Policy Institute. The United States and other Western...
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Germany to get Algerian gas for first timeF

Germany is to get Algerian gas with the signing on 8 February of a contract tying gas producer Sonatrach to Leipzig-based gas trader VNG Handel & Vertrieb GmbH (VNG H&V). The German company is a wholly owned subsidiary of VNG AG. VNG is the first German...
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Trade: Israel-Morocco trade takes a hit amid extreme instability in the Middle EastF

Last year, Morocco and Israel have had a strong run on their bilateral trade, as the two countries put into effect the Abraham Accords. Almost all the Moroccan media reporting on the topic during 2023, underscored the exponential growth of Morocco-Israel trade, with...
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