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Economy



Sharp drop in fuel prices following State council’s suspension of fuel tax

Fuel prices in Lebanon saw a significant decline on Friday, July 18, 2025, after the Lebanese State Council suspended a controversial fuel tax increase approved earlier this year by the government of Prime Minister Nawaf Salam. The decision led to a decrease of approximately 100,000 Lebanese pounds......

Morocco ranks third in live cattle imports from Brazil

In May, Brazil recorded its second-highest monthly export of live cattle ever, shipping over 111,000 heads and generating nearly 105 million dollars in revenue. Morocco stood as the third-largest importer, purchasing more than 14,000 heads valued at over 16 million dollars, primarily sourced from the......

Morocco turns to floating power ships to meet growing electricity demand

Morocco is exploring a flexible and rapid solution to its increasing electricity needs by considering the import of up to 6,000 megawatts of power via floating power ships from Turkey. These ships, equipped with mobile power plants, offer a timely alternative amid growing pressure on conventional energy......

Morocco ranks 24th globally in counterfeit goods trade

A recent joint report from the Organization for Economic Cooperation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) has revealed that Morocco ranks as the 24th largest source of counterfeit goods worldwide as of 2020. This ranking highlights a notable disparity between......

Morocco's growing dependence on vegetable oil imports

Morocco has significantly increased its imports of vegetable oils, particularly sunflower oil, in recent years. This shift in consumption patterns is largely driven by inflation and changing consumer preferences. According to a report from the Russian Federal Center for the Development of Agricultural......

Morocco Eyes Real Estate Wealth Tax to Bolster Universal Social Protection

Morocco is considering the implementation of a tax on real estate wealth as a means to finance its ambitious universal social protection program, according to a recent report by the Arab Reform Initiative. The study, titled "Property Taxes: Missed Opportunities for Funding Universal Social Protection......

Egypt's Soaring Interest Rates: A Double-Edged Sword for Economic Growth

Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......

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