Introduction to MOROCCO
|
|
- Clifton Walters
- 6 years ago
- Views:
Transcription
1
2
3 Introduction to MOROCCO With a GDP of USD 101bn in 2015, Morocco is a medium-sized economy. Sound macroeconomic fundamentals, a resilient and sophisticated banking sector and the implementation of structural reforms have allowed the Moroccan economy to maintain solid performance in recent years despite external shocks (global recession, Eurozone crisis, Arab Spring). There is little risk to external stability, public finances are sustainable and inflation is under control. Its relative political stability has also helped the country to become an increasingly attractive place for foreign investors, especially in the automobile sector, which is now the largest source of exports. Furthermore, the country is well positioned to become a regional financial hub. However, more remains to be done to increase the growth potential, and the economy still struggles to create sufficient jobs. In addition to cyclical factors (difficulties in Europe, regional insecurity), structural constraints will need to be addressed, such as the weak competitiveness of the manufacturing sector (textiles) and the relatively low level of human capital. Agriculture remains also highly significant to the economy, resulting in considerable volatility in economic growth. Having rebalanced the euro and the US dollar weighting in the basket to which the dirham is pegged, the monetary authorities continue to reiterate their intention to move towards a more flexible exchange rate regime. According to the central bank, the current situation is sustainable, with a strong external position, while the dirham s alignment with economic fundamentals reduces the risk of a large adjustment, and full convertibility of the dirham by 2018 is now increasingly likely. Summary BNP Paribas presence BNP Paribas has been present in Morocco since 1943 through its subsidiary BNCIA bank. Today, BNP Paribas supports customers in Morocco through its subsidiary BMCI, which was first incorporated in BMCI is the predominant foreign bank in Morocco with 7.2% market share (2011) which continues to grow. BMCI focuses on 3 core activities in Morocco: Retail Banking, Corporate & Investment Banking and Financial Services. These core areas comprise is a wide range of complementary business lines including cash management, leasing, factoring, insurance etc. therefore supporting comprehensive, integrated solutions for corporate customers. Working with BNP Paribas Customers doing business with BNP Paribas through its subsidiary BMCI in Morocco are attracted to the bank's strong credit rating, comprehensive range of domestic and international solutions and services, and access to BNP Paribas' extensive domestic and international network. A dedicated customer service team in Morocco offers local support and expertise, and works closely with BNP Paribas' teams internationally to create tailor-made domestic and international cash management and trade finance solutions. Currency Currency Moroccan dirham (MAD)
4 Bank accounts Resident / non-resident status A company is considered resident in Morocco if it is incorporated or has its place of effective management is located in Morocco. Bank accounts for resident entities Within Morocco Outside Morocco Local Currency Permitted without restriction. Resident foreign nationals may open convertible MAD accounts Not permitted Foreign Currency Permitted with restrictions, fully convertible Permitted with restrictions, fully convertible Bank accounts for non-resident entities Within Morocco Outside Morocco Local Currency Non-residents may open convertible MAD accounts. Not permitted Foreign Currency Permitted without restriction, fully convertible Not applicable Payments & Collections Credit transfers Credit transfers are used by companies to pay salaries and suppliers, and to make tax payments. High-value and urgent credit transfers can be settled in real time via the SBRM. Low-value (MAD 10 million or less) credit transfers can be settled on a next-day basis via the SIMT. Direct debits Direct debits are used for regular payments, such as utility bills. Direct debits can be settled on a next-day basis via the SIMT.
5 Liquidity management Domestic: notional pooling Domestic notional cash pools are available from a small number of banks. Domestic: cash concentration Single currency domestic cash concentration is available. Multiple legal entities can participate in the same cash concentration structure. Cross-border notional pooling Cross border notional cash pools are available from a small number of banks. Cross-border cash concentration Cross-border cash concentration structures are not available. International trade General trade rules As a member of the Greater Arab Free Trade Area (GAFTA), Morocco has eliminated most trade tariffs with GAFTA member states. GAFTA comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen. As a member of the Agadir Agreement, Morocco has eliminated trade tariffs with Egypt, Jordan and Tunisia. Imports / exports Imports Crude petroleum Textile fabric Telecoms equipment Wheat Gas and electricity Transistors Plastics Primary Import sources Spain (13.9%) France (12.4%) China (8.5%) USA (6.5%) Germany (5.8%) Italy (5.5%) Russia (4.4%) Turkey (4.3%) Exports Clothing and textiles Automobiles Electric components Inorganic chemicals Transistors Crude minerals Fertilisers (including phosphates) Petroleum products Export markets Spain (22.1%) France (19.7%) India (4.9%) USA (4.3%) Italy (4.3%) Citrus fruits and vegetables Fish
6 Import / export volumes goods USD m 16,992 18,262 19,996 18,484 18,881 - services USD m 15,347 14,353 15,831 14,270 15,379 - goods USD m 38,877 39,854 40,683 32,738 36,594 - services USD m 8,136 7,571 8,785 7,914 8, Exports Imports Current account as % GDP % Sources: IMF, International Financial Statistics and World DataBank, July Market data updated as of
7
Introduction to KUWAIT
Introduction to KUWAIT Kuwait is the world s 10th largest producer of oil. Total oil production, which is equivalent to half the country s GDP, was estimated at 2.9 million barrels per day in 2016. Oil
More informationIntroduction to TUNISIA
Introduction to TUNISIA Tunisia is small open economy with strong ties to Europe. The country has been cited as a success story for a number of years, following decades of robust growth and impressive
More informationIntroduction to SAUDI ARABIA
Introduction to SAUDI ARABIA Saudi Arabia is the world s largest oil producer and exporter with almost one-fifth of the word s proven oil reserves. Benefiting from abundant and cheap energy, the industrial
More informationDr. Raja M. Almarzoqi Albqami Institute of Diplomatic Studies
Dr. Raja M. Almarzoqi Albqami Institute of Diplomatic Studies Rmarzoqi@gmail.com 3 nd Meeting of OECD-MENA Senior Budget Officials Network Dubai, United Arab Emirates, 31 October-1 November 2010 Oil Exporters
More informationIntroduction to SERBIA
Introduction to SERBIA Serbia is a market economy but the public sector remains highly influential in certain areas and a number of institutional reforms are required. The economy relies on manufacturing
More informationFrance Economic Update QNB Group. September 2014
France Economic Update QNB Group September 2014 France Overview France is the ninth largest economy in the world on a purchasing power parity basis and service-oriented; high indebtedness and lack of reforms
More informationWorking Group 1. Session 2: International Investment Agreements
Working Group 1 Session 2: International Investment Agreements 4 September 2007, Amman Dr. Alexander Böhmer OECD, Directorate for Financial and Enterprise Affairs What is the purpose of international investment
More informationRe-assessing the Arab-European Financial Relationship: Continuity in the Middle East, Change in Europe
Re-assessing the Arab-European Financial Relationship: Continuity in the Middle East, Change in Europe Andrew Cunningham Founder Darien Middle East www.darienmiddleeast.com French-Arab Banking Dialogue
More informationBilateral agreements on investment promotion and protection
Bilateral agreements on investment promotion and protection Country Date Signed Entry into force South Africa 26 April 2005 - Albania 30 October 1993 - Algeria 7 July 2006 - Germany 20 December 1963 6
More informationIntroduction to NORWAY
Introduction to NORWAY As a result of North Sea oil and gas, Norway has become one of the richest countries in Europe in terms of income per capita. The revenues from the petroleum industry have allowed
More informationANNUAL ECONOMIC REPORT AJMAN 2015
ANNUAL ECONOMIC REPORT AJMAN C O N T E N T S Introduction Growth of the Global Economy Economic Growth in the United Arab Emirates Macro - Economic Growth in the Emirate of Ajman Gross Domestic Product
More informationPAYMENT SYSTEMS IN THE ARAB COUNTRIES
PAYMENT SYSTEMS IN THE ARAB COUNTRIES -Africa- WORLD BANK CONFERENCE REDEFINING THE LANDSCAPE OF PAYMENT SYSTEMS 7-10 APRIL 2009 CAPE TOWN-SOUTH AFRICA RAMZY HAMADEH 1 PAYMENT SYSTEMS IN THE ARAB COUNTRIES
More informationThe MENA-OECD Investment Programme Investment in the MENA Region and the Crisis
The MENA-OECD Investment Programme Investment in the MENA Region and the Crisis Amman, 15 February 2010 Agenda 1. Effects of the crisis and the work of the OECD 2. Macroeconomic trends in the MENA region
More informationSwitzerland Economic Update QNB Group. September 2014
Switzerland Economic Update QNB Group September 14 Switzerland Overview Switzerland s efficient capital markets, highly skilled human capital and low corporate tax rates make it the world's most competitive
More informationMiddle East and North Africa Regional Economic Outlook Oil, Conflicts, and Transitions
Middle East and North Africa Regional Economic Outlook Oil, Conflicts, and Transitions May 5, 2015 Agenda Global Environment MENAP Oil Exporters MENAP Oil Importers Global growth remains moderate and uneven
More informationMiddle East and North Africa Regional Economic Outlook
Regional Economic Outlook Morocco Algeria Tunisia Libya Lebanon Egypt Syria Iraq Iran Jordan Saudi Kuwait Arabia Bahrain Afghanistan Pakistan Mauritania Sudan Djibouti Qatar Yemen Oman United Arab Emirates
More informationIntroduction to MALI. BNP Paribas presence. Working with BNP Paribas. Currency. Summary. Currency. Bank accounts
Introduction to MALI Mali is a poor, predominantly desert country with a high dependency on gold and cotton exports. The agricultural sector accounts for 40% of GDP, and the economy is therefore highly
More informationIntroduction to IRELAND
Introduction to IRELAND Ireland is one of the smallest and most open countries in the Eurozone. Exports and imports make up around 200% of its GDP. Thanks to an attractive fiscal and regulatory environment,
More informationForeign Investment Statistics
2012-2013 Released Date: May 2015 Table of Contents Introduction....4 Key Points......5 Total Stock of Foreign Investment (FI) by Economic Activity....6 Foreign Direct Investment (FDI) by Economic Activity.......8
More informationIntroduction to PHILIPPINES
Introduction to PHILIPPINES With a population of about 100 million people, the Philippines, which comprises more than 7,000 islands, is the 12th most populous country in the world. An additional 12 million
More informationInvestment Development Authority of Lebanon Arab Spanish Investment Forum 2011
Investment Development Authority of Lebanon Arab Spanish Investment Forum 2011 Wednesday October 26 th Headlines 1. ABOUT LEBANON 2. CURRENT TRENDS IN SPANISH LEBANESE TRADE 3. SPANISH COMPANIES AND LEBANON
More informationIndonesia Economic Update QNB Group. October 2014
Indonesia Economic Update QNB Group October 214 Indonesia Overview The economy has enormous long-term potential based on a rich endowment of natural resources and a large population; the new Jokowi administration
More informationINVESTIGATION OF THE RELATIONSHIP BETWEEN CURRENT ACCOUNT DEFICIT AND SAVINGS IN MENA ECONOMIES: AN EMPIRICAL APPROACH
INVESTIGATION OF THE RELATIONSHIP BETWEEN CURRENT ACCOUNT DEFICIT AND SAVINGS IN MENA ECONOMIES: AN EMPIRICAL APPROACH Dr. Gülgün Çiğdem, Kadir Has University, Vocational School, Banking and Insurance,
More informationIndicator Name f 2016f
December 215 A&T Bank View: We expect Omani economy to grow by 4.4% and 2.8% in 215 and 216 respectively. The growth of Oman's economy will slow over 216 as falling oil production and prices begin to have
More informationWorld Economic Situation and Prospects asdf
World Economic Situation and Prospects 2019 asdf United Nations New York, 2019 Western Asia 148 World Economic Situation and Prospects 2019 GDP Growth 4.0% 3.1 2.5 total 3.4 3.0 2.4 1.7 2.0% 1.1 1.1 0.6
More informationIntroduction to MALAYSIA
Introduction to MALAYSIA Malaysia is an upper-middle income, highly open economy with a record of strong economic performance and poverty reduction since independence from Great Britain in 1957. Malaysia
More informationContent. Introduction. Part I: The Lebanese Macroeconomy. 1. Gross Domestic Product. 2. Monetary Situation. 3. Banking Sector. 4. Balance of Payments
Content Introduction Part I: The Lebanese Macroeconomy 1. Gross Domestic Product 2. Monetary Situation 3. Banking Sector 4. Balance of Payments 5. Public Finance 6. Financial Markets 7. Foreign Trade 8.
More informationIntroduction to VIETNAM
Introduction to VIETNAM Vietnam is a densely populated, emerging economy that has implemented market-oriented reforms since 1986 and benefited from large foreign direct investment inflows since its accession
More informationIntroduction to SPAIN
Introduction to SPAIN Spain is the fourth largest economy in the Eurozone. Having joined the Euro, the country experienced a very strong, albeit largely imbalanced, period of economic expansion. Largely
More informationMiddle East and North Africa Regional Economic Outlook. November 12, 2013
Middle East and North Africa Regional Economic Outlook November 12, 213 Outline Global Outlook MENAP: Recent Developments, Outlook, and Risks Oil Exporters Oil Importers Key Takeaways 2 Global Outlook
More informationMENA Benchmarking Report Arab-EU Business Facilitation Network
MENA Benchmarking Report Arab-EU Business Facilitation Network www.ae-network.org September 2014 Agenda Objective of the Report Macroeconomic Analysis Business Environment Index MENA Rankings 2 Objective
More informationIntroduction to NETHERLANDS
Introduction to NETHERLANDS The Netherlands is a small, densely populated country, with 504 persons per km². Only 50% of its territory is more than one metre above sea level. It is among the richest countries
More informationGCC & the International Economy: Private Sector Roles
GCC & the International Economy: Private Sector Roles Abdel Aziz Abu Hamad Aluwaisheg Assistant Secretary-General for Foreign Affairs GULF ECONOMIC FORUM DOHA, QATAR 26 OCTOBER 2015 28-Oct-15 GCC Internal
More informationLEBANON WEEKLY REPORT
Lebanon s major entrepreneurship weakness is in product innovation, being the ability to provide unique products or services. The country s greatest strength in entrepreneurship is found in its perception
More informationInvestor Relations Presentation December 2012
Investor Relations Presentation December 2012 Contents 1. QNB at a Glance 2. QNB Comparative Positioning Qatar and MENA 3. Financial Highlights December 2012 4. Economic Overview 2 QNB at a Glance QNB
More information/JordanStrategyForumJSF Jordan Strategy Forum. Amman, Jordan T: F:
The Jordan Strategy Forum (JSF) is a not-for-profit organization, which represents a group of Jordanian private sector companies that are active in corporate and social responsibility (CSR) and in promoting
More informationForeign investment in Casablanca stock exchange The second half of 2014
Foreign investment in Casablanca stock exchange The second half of 2014 April 2015 898 SYNTHESIS The value of shares listed on the Casablanca stock exchange owned by foreign investors has increased by
More informationDelivering mobile connectivity in MENA: A review of mobile sector taxation and licence extension. May 2017
Delivering mobile connectivity in MENA: A review of mobile sector taxation and licence extension May 2017 Executive Summary The report provides an overview of the tax and fee regime applied to mobile services
More informationNASCO KARAOGLAN FRANCE
NASCO KARAOGLAN FRANCE NKF VALUES WHO ARE WE? NASCO GROUP NASCO FRANCE TREATY DEPARTMENT NASCO FRANCE NK France was founded in 1976 in Paris as a wholly owned subsidiary of Nasco Karaoglan Group. The Company
More informationProgress towards Strong, Sustainable and Balanced Growth. Figure 1: Recovery from Financial Crisis (100 = First Quarter of Real GDP Contraction)
Progress towards Strong, Sustainable and Balanced Growth Figure 1: Recovery from Financial Crisis (100 = First Quarter of Real GDP Contraction) Source: OECD May 2014 Forecast, Haver Analytics, Rogoff and
More informationAlgeria's GDP growth is expected to stand at 3.5%, inflation at 7.5% for 2018.
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Key Messages: MENA Economic Monitor- April 2018 Economic growth in MENA is projected
More informationIntroduction to SOUTH KOREA
Introduction to SOUTH KOREA South Korea has the fourth largest nominal GDP in Asia (USD 1.4 trillion in 2016). Economic growth slowed from 4.4% per year in 2002-2011 to (a still fairly good) 2.8% in 2012-2016
More informationCOMCEC Trade OUTLOOK 2015
COMCEC Trade OUTLOOK 2015 Trade Working Group 6 th Meeting September 17, 2015 Ankara, Turkey OUTLINE Recent Trends in Trade Between the OIC Member States and the World Recent Trends in Intra-OIC Trade
More informationIntroduction to DENMARK
Introduction to DENMARK The Danish economy is a typical example of the Nordic economic model, combining high living standards and low income inequality. GDP per capita is about 25% higher than the European
More informationBelgium s foreign trade 2011
Belgium s Belgium s BELGIAN FOREIGN TRADE IN Analysis of the figures for (Source: nbb community concept*) The following results demonstrate that Belgian did not suffer the negative effects of the crisis
More informationNigeria Economic Update QNB Group. September 2014
Nigeria Economic Update QNB Group September 21 Nigeria Overview A rebasing of GDP in 213 has made Nigeria the biggest economy in Africa with the largest population; the economy is growing rapidly but remains
More informationChief Executive Officer
Said Darwazah Chief Executive Officer 211 highlights Strong Group performance in a challenging year 95 9 MSI PROMOPHARM $11.2 m $918.m 85 8 75 BRANDED + 9.6% $37.9 m INJECTABLES + 23.3% $36.7 m GENERICS
More informationTHE QATAR LEGAL AND FISCAL FRAMEWORK: A REVIEW
Middle East Insights Middle East Institute, National University of Singapore THE QATAR LEGAL AND FISCAL FRAMEWORK: A REVIEW By Mattia Tomba In 1995, the heir to the throne of Qatar Sheikh Hamad bin Khalifa
More informationA Methodology for Deriving a Renewable Energy Market Competence Index with Application to CSP Technology
A Methodology for Deriving a Renewable Energy Market Competence Index with Application to CSP Technology Thesis Defence REMENA Master Program By Hatem Elrefaei 14 March 2012 1 Content Review of Few Exisiting
More informationSTRENGTHENING CAPITAL MARKET REGULATION AND SUPERVISION IN THE MENA REGION
MENA-OECD CAPITAL MARKETS TASK FORCE MEETING ON STRENGTHENING CAPITAL MARKET REGULATION AND SUPERVISION IN THE MENA REGION 22 May 2012, starting at 14.00 Rotana Beach Hotel PRECEDING THE AMF-IMF-WORLD
More informationPublic Private Partnerships for Infrastructure Financing
Public Private Partnerships for Infrastructure Financing Elements to consider Dr. Alexander Böhmer Head of MENA-OECD Investment Programme Private Sector Development Division Meeting of Working Group 1
More informationApril 2015 Fiscal Monitor
International Monetary Fund April 17, 2015 April 2015 Fiscal Monitor Now is the Time: Fiscal Policies for Sustainable Growth Xavier Debrun Deputy Chief, Fiscal Policy and Surveillance, Fiscal Affairs Department
More informationProgress Towards Strong, Sustainable, and Balanced Growth. Figure 1: Recovery From Financial Crisis (100 = First Quarter of Real GDP contraction)
Progress Towards Strong, Sustainable, and Balanced Growth Figure 1: Recovery From Financial Crisis ( = First Quarter of Real GDP contraction) 13 125 196-26 AE Recessions' Range*** 196-26 AE Recessions**
More informationIntroduction to UNITED STATES OF AMERICA
Introduction to UNITED STATES OF AMERICA The USA remains the world s largest economy. After almost twenty years of leading world economic growth, the worst economic and financial crisis of the past eighty
More informationComperative DTTs of Pakistan
Comperative DTTs of Pakistan 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 S. No. COUNTRY CONTINENT Republic/Dem ocratic/kingdo m/sultanate P.E. BUSINESS PROFIT SHIPPING AIR TRANSPORT DIVIDEND INTEREST ROYALITIES
More informationForeign investment in Casablanca stock exchange
Foreign investment in Casablanca stock exchange June 2014 Page 1 898 SYNTHESIS In 2013, the number of foreign investors in publicly listed shares in Casablanca stock exchange recorded an increase; it rose
More information/JordanStrategyForumJSF Jordan Strategy Forum. Amman, Jordan T: F:
The Jordan Strategy Forum (JSF) is a not-for-profit organization, which represents a group of Jordanian private sector companies that are active in corporate and social responsibility (CSR) and in promoting
More informationChartered Loss Adjusters & Surveyors
The people you can trust when you really need them WHO WE ARE Whitelaw Chartered Loss Adjusters and Surveyors (WLA) is an established and reputed professional loss adjusting practice based in the Middle
More informationGreenhouse Development Rights
Greenhouse Development Rights A approach to equitable global burden-sharing Climate Change and the Road to Rio 11-13 October 2011 Algiers, Algeria Tom Athanasiou EcoEquity Sea level rising faster than
More informationFINANCIAL COOPERATION
217 FINANCIAL COOPERATION CCO BRIEF ON FINANCIAL COOPERATION COMCEC COORDINATION OFFICE May 217 CCO BRIEF ON FINANCIAL COOPERATION Financial Cooperation among the Member Countries is of particular importance
More informationPRESS POINTS FOR CHAPTER 3: IS IT TIME FOR AN INFRASTRUCTURE PUSH? THE MACROECONOMIC EFFECTS OF PUBLIC INVESTMENT World Economic Outlook, October 2014
PRESS POINTS FOR CHAPTER 3: IS IT TIME FOR AN INFRASTRUCTURE PUSH? THE MACROECONOMIC EFFECTS OF PUBLIC INVESTMENT World Economic Outlook, October 14 Prepared by Abdul Abiad (team leader), Aseel Almansour,
More informationThe construction or provision of oil rigs, drilling. equipment, including seismic data collection.
The construction or provision of oil rigs, drilling equipment and other energy related service and equipment, including seismic data collection. Engaged in the exploration, production, marketing, refining
More informationNTDEC EXECUTIVE FORUM. Current Conflicts in Middle East
NTDEC EXECUTIVE FORUM Current Conflicts in Middle East Presented by the North Texas District Export Council October 21. 2014 By Riad SUKKAR International Business Development AMC Global Topics Conflicts
More informationMOROCCO, INVESTMENT OPPORTUNITIES AND BUSINESS CLIMATE MOROCCAN INVESTMENT AND EXPORTS DEVELOPMENT AGENCY
MOROCCO, INVESTMENT OPPORTUNITIES AND BUSINESS CLIMATE MOROCCAN INVESTMENT AND EXPORTS DEVELOPMENT AGENCY MOROCCO, BUSINESS CLIMATE MOROCCO OVERVIEW Capital Institutional System Area Rabat Democratic and
More informationHow the Arab World Can Benefit from Low Oil Prices. Shanta Devarajan World Bank
How the Arab World Can Benefit from Low Oil Prices Shanta Devarajan World Bank www.brookings.edu/futuredevelopment Current problems in the Arab World Unemployment 30 Unemployment rate (latest available),
More informationFOREWORD. Egypt. Services provided by member firms include:
2015/16 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationAPA & MAP COUNTRY GUIDE 2017 MOROCCO
APA & MAP COUNTRY GUIDE 2017 MOROCCO Managing uncertainty in the new tax environment MOROCCO KEY FEATURES Competent authority APA provisions/ guidance Types of APAs available APA acceptance criteria Key
More informationIntroduction to INDONESIA
Introduction to INDONESIA Indonesia is the fifth largest economy in Asia in nominal GDP terms and the third most populous nation behind China and India. It has recorded strong economic growth over the
More informationThe people you can trust when you really need them
The people you can trust when you really need them WHO WE ARE Whitelaw Loss Adjusters (WLA) is an established and reputed professional loss adjusting practice based in the Middle East. Independently owned
More informationRethinking Inequality in Arab States
Rethinking Inequality in Arab States Khalid Abu-Ismail, Paul Makdissi and Oussama Safa Special Session Rethinking Inequality in the Arab States, Beirut, April 2019 AARC in indicator (%) 1. Declining Outcome
More informationRising Middle East Stock Markets
Rising Middle East Stock Markets Index, January 2002 = 100 1400 1200 1000 800 600 400 200 Egypt Israel Jordan Kuwait Saudi Arabia U.A.E. 0 2003 2004 2005 2006 Source: Bloomberg Capital Access Index 2006
More informationMorocco: It s oh so quiet
Morocco: It s oh so quiet Stéphane Colliac Economic Research Department Paris, April 217 Morocco (B1) is given the best Euler Hermes grade all over the African continent Hurdles in Africa #1 Political
More information59 th UIA CONGRESS Valence / Spain
59 th UIA CONGRESS Valence / Spain Octobre 28 - Novembre 1, 2015 FOREING INVESTMENT COMMISSION Saturday, October 31, 2015 EXCHANGE CONTROL IN INTERNATIONL MONEY TRANSFERSSFERS THE EXTENSION OF THE EXCHANGE
More informationImportance of financial infrastructure to increase Access to Finance
Building a high performance SME business in the MENA Region Arab Monetary Fund & International Finance Corporation Dubai, 7-8 May 2013 Importance of financial infrastructure to increase Access to Finance
More informationAccording to preliminary estimates released by the Haut-Commissariat au Plan, real GDP growth is. Economic growth
economic-research.bnpparibas.com Conjoncture March 17 17 Morocco s economy retains several characteristics that provide a solid basis for the future. The macroeconomic environment is solid, infrastructures
More informationRegional Seminar Rethinking social protection in a changing Arab region
Regional Seminar Rethinking social protection in a changing Arab region Session 2: The Social Protection Floor and its relevance for the Arab region 13-15 May 2014 Le Meridien Hotel, Amman - Jordan Ursula
More informationTURKEY S VIBRANT EXPORT TRENDS
TURKEY S VIBRANT EXPORT TRENDS The Republic of Turkey is now only 12 years away from celebrating its 100th anniversary. On the journey that started with 50,000 dollars worth of exports in 1923, we are
More informationCurrent trends in generic medicines in the Middle East: challenges and opportunities. Mazen Darwazah Vice Chairman, Hikma Pharmaceuticals PLC
Current trends in generic medicines in the Middle East: challenges and opportunities Mazen Darwazah Vice Chairman, Hikma Pharmaceuticals PLC Middle East and North African pharmaceutical markets Middle
More informationHIKMA PHARMACEUTICALS PLC UBS GLOBAL GENERIC & SPECIALITY PHARMACEUTICALS CONFERENCE NEW YORK 8-9 MAY 2007
HIKMA PHARMACEUTICALS PLC UBS GLOBAL GENERIC & SPECIALITY PHARMACEUTICALS CONFERENCE NEW YORK 8-9 MAY 2007 About Hikma Founded in Jordan in 1978 Multinational business developing, manufacturing and marketing
More informationTurkey Country Profile
Turkey Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Turkey EU Member State Double Tax Treaties With: Albania Algeria Australia Austria
More informationSTATISTICS Last update: 03/07/2017
STATISTICS 2012-2016 Last update: 03/07/2017 BU NEWS BUSINESS [USD, BILLIONS] New business by year, vs. total world exports 3,000 2,500 2,000 1,500 1,000 500 12,131 1,138 40 127 971 14,023 1,323 53 143
More informationMay 30, 2014 ECONOMY. Lebanon ranks 85th among 160 countries on Logistics Performance Index
ECONOMY The LPI is a benchmarking tool developed by the World Bank to measure the efficiency of trade supply chains within a country. Lebanon ranks 85th among 160 countries on Logistics Performance Index
More informationEuler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION
Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Agenda 1 The Euler Hermes group 2 Our business 3 Our products and solutions 4 Our added value 2 Our Promise
More informationGeneral Certificate of Education Advanced Level Examination June 2013
General Certificate of Education Advanced Level Examination June 2013 Economics ECON4 Unit 4 The National and International Economy Tuesday 11 June 2013 9.00 am to 11.00 am For this paper you must have:
More informationWorld Consumer Income and Expenditure Patterns
World Consumer Income and Expenditure Patterns 2011 www.euromonitor.com iii Summary of Contents Contents Summary of Contents Section 1 Introduction 1 Section 2 Socio-economic parameters 21 Section 3 Annual
More informationPublic Policy on Modern Governance And Transparency To Improve Investment Environment In Egypt
Public Policy on Modern Governance And Transparency To Improve Investment Environment In Egypt Presented By Eng. Ahmed El-Sayed GAFI ; Consultant & Head of promotion Affairs OECD Global Forum On International
More informationCentral Bank of Egypt
Central Bank of Egypt External Position of the Egyptian Economy July/December 2016/17 Volume No. (56) Central Bank of Egypt External Position Preface The External Position of the Egyptian Economy Report
More informationLebanon Weekly Report
ECONOMY World Bank forecasts Lebanon real GDP growth at 2% in 2015 and 2.5% in 2016 The World Bank said that Lebanon s economic activity continues to tick along at a modest pace despite the political dysfunctionality.
More informationNew Generalized Systems of Preferences: What does it mean for you? Countries excluded from new scheme
Customs & Global Trade 2013 New Generalized Systems of Preferences: What does it mean for you? Countries excluded from new scheme In October last year, the Council adopted a regulation amending the European
More informationFOREWORD. Lebanon. Services provided by member firms include:
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationREPORT ON: IDB s WTO-RELATED TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM
ISLAMIC DEVELOPMENT BANK REPORT ON: IDB s WTO-RELATED TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM 33 rd Session of the COMCEC (Istanbul, Turkey, 20-23 November 2017) IDB WTO-RELATED TECHNICAL ASSISTANCE
More informationUnemployment and Inflation.
Unemployment and Inflation. Unemployment, Prices and Inflation The Learning Objectives in this presentation are covered in Chapter 16: Measuring Total Production and Income LEARNING OBJECTIVES 1. For Unemployment
More informationMENAP Oil-Importing Countries: Risks to the Recovery Persist
MENAP Oil-Importing Countries: Risks to the Recovery Persist The growth recovery in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) oil-importing countries is set to continue in 18, lifted
More informationThe Islamic Corporation for the Insurance of Investment and Export Credit. ICIEC is a member of the Islamic Development Bank Group.
The Islamic Corporation for the Insurance of Investment and Export Credit CREDIT ENHANCEMENT AND RISK MITIGATION FOR SUKUK ISSUES: AN ICIEC PROPOSAL By Dr. Abdel-Rahman Taha General Manager, ICIEC Presented
More informationPlanning Global Compensation Budgets for 2018 November 2017 Update
Planning Global Compensation Budgets for 2018 November 2017 Update Planning Global Compensation Budgets for 2018 The year is rapidly coming to a close, and we are now in the midst of 2018 global compensation
More informationACCREDITATION INCREASES SINCE 2015 AS OF OCTOBER 1, 2016 WORLDWIDE UNITED STATES OUTSIDE THE US PROGRAMS PROGRAMS PROGRAMS INSTITUTIONS INSTITUTIONS
ACCREDITATION STATISTICS AS OF OCTOBER, 06 WORLDWIDE UNITED STATES OUTSIDE THE US 709 PROGRAMS 7 INSTITUTIONS PROGRAMS 6 INSTITUTIONS 7 PROGRAMS INSTITUTIONS INCREASES SINCE 0 0 PROGRAMS 8 INSTITUTIONS
More informationRobert Haddad Ashley Hughes AmirAli Motamedi Masoudieh
Robert Haddad Ashley Hughes AmirAli Motamedi Masoudieh Size and Composition Business and Economic Analysis Financial Analysis Valuation Analysis Recommendation Composed of companies involved in the production
More informationREPORT ON: IDB s WTO-RELATED TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM
Annex-II ISLAMIC DEVELOPMENT BANK REPORT ON: IDB s WTO-RELATED TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM 32 nd Session of the COMCEC (Istanbul, Turkey, 21-24 November 2016) IDB WTO-RELATED TECHNICAL
More informationLatest economic developments in Greece and Challenges for the Trade Finance Market
Latest economic developments in Greece and Challenges for the Trade Finance Market Peter Sanfey Deputy Director, Country Economics and Policy, EBRD 15 September 216, Bank of Greece, Athens The Greek economy:
More informationMIDDLE!EAST!AND!NORTH!AFRICA!
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized MACRO-FISCAL CONTEXT AND HEALTH FINANCING FACT SHEETS MIDDLEEASTANDNORTHAFRICA HowMuchCanaCountrySpendonHealth?
More information