The Coronavirus health crisis has exposed inequalities in MENA countries, including Morocco. To overcome that, Oxfam suggests implementing taxing wealth.
According to the Global Wealth Report on household wealth, published by the Credit Suisse Research Institute, only 0.1% of adults in Morocco hold more than one million dollars in wealth. At the African scale, 88.5% of adults have less than 10,000 dollars.
In Morocco, 80% of adults say they pray every day. According to a survey conducted by Pew Research Center, prayer rates around the world are related to wealth.
In the 1930s, Pasha Thami El Glaoui asked French watchmaker Cartier to create a waterproof watch for him to wear while swimming. After delivering it, Cartier lost track of the watch and ended up creating a line to honor the unique timepiece and its owner.
Like every year, Forbes Middle East magazine ranks the richest men in the Arab world.