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Keywords: Finance
If you reside in Spain, it is crucial to comprehend the tax implications and ensure compliance with regulations to avoid fines or worse consequences. The Spanish tax agency, known as Hacienda, employs various methods to uncover discrepancies in income declarations. The tax system in Spain can be intricate,......
The International Fund for Agricultural Development (IFAD) has announced a renewed partnership with Bank Al-Maghrib, Morocco’s central bank, aimed at bolstering food security and supporting rural communities globally. This collaboration is underscored by the issuance of a $150 million sustainable......
British bank Standard Chartered has officially inaugurated a new representative office in Casablanca, Morocco, marking a significant expansion of its operations in the Middle East and North Africa region. This strategic move comes on the heels of receiving a license from Bank Al-Maghrib and the prestigious......
CIH Bank is poised to undertake a substantial financial maneuver, revealing plans to increase its capital by up to MAD 1.5 billion (approximately $161 million). This announcement comes ahead of an extraordinary general meeting scheduled for June 11, where shareholders will deliberate on the proposed......
The European Bank for Reconstruction and Development (EBRD) has announced a significant $25 million equity investment aimed at supporting Dislog Group in Morocco. This strategic financing initiative seeks to fortify the company’s capital structure while advancing its mergers and acquisitions strategy,......
In a wide-ranging interview, the Chief Executive Officer of UK Export Finance (UKEF), Tim Reid, emphasized Morocco's significance as a strategic entry point to African markets. During his recent visit to the kingdom, Reid engaged with government officials and private sector representatives to explore......
British banking giant Standard Chartered has officially inaugurated its new branch in Casablanca's Casa Anfa business district, marking a significant milestone in its African strategy. The legal registration with the Casablanca Commercial Court, dated April 25, 2025, underscores the bank's commitment......
Holmarcom Group and the International Finance Corporation (IFC) have successfully established a strategic partnership, marking IFC's acquisition of an 18.62% minority stake in Holmarcom Finance Company (HFC) for MAD 1.35 billion ($135 million). This collaboration comes on the heels of Holmarcom’s......
If you possess substantial assets and are either a resident or non-resident in Spain, you may find yourself liable for the nation’s wealth tax, known as "el impuesto de patrimonio." This annual levy is assessed based on the total net value of your assets as of December 31st of the previous......
