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.
The Egyptian government has reached a landmark agreement with Stellantis and the Arab Organization for Industrialization (AOI) to exclusively manufacture
Morocco has approved the creation of a new state-backed company aimed at developing industrial zones dedicated to domestic defense production,
Algeria has canceled a major port construction deal with China and is now turning to France to modernize its maritime
Escalating hostilities between Israel and Iran over the weekend have rattled Egypt’s economy and dealt a blow to its
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
