The Bank of Spain recently issued a cautionary note, indicating that signs of a property bubble may be emerging in the country. As house prices soar to historic levels, the question arises: is Spain witnessing a real estate bubble, and if so, could it burst within the next year? A property bubble is......
British firm Xlinks has temporarily paused its ambitious 3,900-kilometer undersea electricity cable project connecting Morocco to the United Kingdom. The company has halted its Development Consent Order (DCO) examination process while awaiting a crucial decision on its Contract for Difference (CfD) from......
Morocco generated a revenue of $2.7 million from lemon exports, according to new data from the agriculture-focused outlet East Fruit. The revenues were made between the first half of the 2024-2025 season, during which Morocco exported 6,100 metric tons of lemons, the report detailed. This marks the......
The Moroccan government has finalized four significant investment agreements with Catalan companies, totaling MAD 500 million ($50 million) and promising the creation of over 700 direct jobs. This initiative marks a vital progression in enhancing economic relations between Morocco and Spain. High-level......
Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, was awarded the Finance Minister of the Year title on Wednesday in Abidjan during the 2025 African Banker Awards. This prestigious accolade was presented during a ceremony held in conjunction with the African Development Bank's......
The Mauritanian economist Sidi Ould Tah has been elected president of the African Development Bank (AfDB) with 76.18% of the votes. The election took place on Thursday during the institution’s annual meetings in Abidjan. Ould Tah prevailed after three rounds of voting, defeating Zambian Samuel......
Morocco’s OCP Group has announced that its revenues reached $2.18 billion in the first quarter of 2025, an increase from $1.95 billion recorded during the same period last year. In a recent statement, the group detailed that its gross profit rose to $1.5 billion, up from $1.27 billion. Meanwhile,......
The Competition Council of Morocco has officially notified GlovoApp Morocco of several grievances regarding alleged anticompetitive practices in the digital food ordering and delivery platform market. The notification follows an investigation initiated by the Council’s self-referral decision number......
Following Spain's announcement of a proposed 100 percent tax on property purchases by non-EU non-residents, legal and real estate experts are raising significant concerns regarding its viability and legality. The initiative, spearheaded by the Socialist-led government, aims to curb foreign speculation......
A draft law proposing a 100 percent tax on non-EU, non-resident home buyers in Spain has sparked significant controversy and confusion. This initiative, introduced by Spanish Prime Minister Pedro Sánchez, aims to curb what he describes as "foreign speculation" in the property market.......
A U.S. federal court has delivered a significant blow to President Donald Trump's economic agenda by blocking his sweeping tariffs, a central feature of his trade policy. The Court of International Trade ruled that the emergency powers invoked by the White House did not grant the president unilateral......
Morocco is positioning itself to re-enter the arena of Formula 1 racing with an ambitious $1.2 billion project near Tangier. This initiative aims to end the continent's 32-year absence from the sport, as the last Formula 1 race on African soil took place in 1993. The proposed development is located......
The African Plant Nutrition Institute (APNI), a Moroccan non-profit research and development organization based in Benguerir, has forged a partnership with Côte d’Ivoire’s Ministry of Technical Education, Vocational Training, and Apprenticeship. This collaboration seeks to enhance agricultural......
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