Keywords: Revenue
Morocco's recent tax amnesty initiative has successfully concluded, generating MAD 231.7 million (USD 22 million) in additional tax revenue through its Voluntary Asset Disclosure Program. The program, which ended on December 31, 2024, was designed to encourage Moroccans to declare assets and liquidity......
In a move to address ongoing antitrust concerns, Google, a subsidiary of Alphabet, has suggested a series of changes to its revenue-sharing agreements with major partners. These agreements, which have made Google's search engine the default on a variety of devices and browsers, are central to an......
Morocco’s Ministry of Economy and Finance is exerting pressure on tobacco companies to raise cigarette prices following disappointing revenue collections from the Domestic Consumption Tax (TIC) on manufactured tobacco. Sources within the ministry indicate that these tax revenues have fallen below......
Akdital has achieved remarkable growth, reporting revenues of 2 billion dirhams by the end of September 2024, reflecting a 52% increase in turnover. This achievement is primarily attributed to the group's strategic expansion of its national network. A key milestone in this expansion was the opening......
The OCP Group has reported robust financial results, with its revenue (chiffre d’affaires) reaching 69.046 billion Moroccan dirhams (MAD) by the end of September 2024. This marks a 13% increase compared to the 61.03 billion MAD recorded during the same period in 2023. The growth was driven primarily......
Morocco’s Tourism Minister Fatim Zahra Ammor has lauded Achraf Fayda, the newly appointed General Director of Morocco’s National Office of Tourism (ONMT), as a key figure in the country's ongoing efforts to enhance its tourism sector. At Fayda’s official appointment ceremony in......
Morocco's government has unveiled ambitious fiscal measures in its 2025 Finance Bill, targeting MAD 16.4 billion ($1.58 billion) in revenue through strategic taxation of tobacco and alcoholic beverages. This initiative forms part of a comprehensive economic growth strategy aimed at strengthening......
PepsiCo's recent financial report has revealed a concerning trend, with the company's sales performance falling short of expectations for the second consecutive quarter. This has prompted a revision of its full-year outlook, indicating a potential slowdown in the snack and beverage giant's......
Morocco's tourism sector is experiencing a remarkable resurgence, with the country welcoming 11.8 million tourists by the end of August 2024. This impressive figure represents a 16% increase compared to the same period last year, according to data released by the Directorate of Financial Studies......
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