Economy
OCP Nutricrops has announced a major milestone in its fertilizer production, surpassing five million tonnes of Triple Super Phosphate (TSP) fertilizer. This achievement is attributed to the company's innovative TSP Hub program, which operates at the Jorf Lasfar industrial platform in Morocco. Advancing......
The United States and the European Union have reached a trade agreement aimed at avoiding severe tariffs on European goods. While the deal has been praised for preventing a transatlantic trade war, it has also drawn sharp criticism from some European leaders and industries. Key terms of the agreement The......
Spanish Prime Minister Pedro Sánchez announced on Monday his conditional support for the recently concluded European Union trade deal with the United States, though he admitted doing so “without any enthusiasm.” The agreement, brokered on Sunday by US President Donald Trump and European......
Morocco’s central bank, Bank Al Maghrib (BAM), revealed a 2.7% decrease in non-performing loans (NPLs) at Moroccan banks, bringing the total to MAD 97.4 billion ($10.86 billion) in 2024. This marked a slight improvement in the loss rate to 8.4%, down 0.1 percentage points from the previous year,......
The microcredit sector in Morocco continues its upward trend, with total outstanding loans reaching 9.5 billion dirhams by the end of 2024, according to the latest report by Bank Al-Maghrib (BAM). This marks a 9.4% increase compared to the previous year’s growth of 4.2%. Over 98% of these loans......
Royal Air Maroc (RAM) has expanded its fleet with the delivery of two Boeing 737 MAX 8 aircraft, marking a significant step in the airline's growth strategy. The new planes, received on Thursday, are part of the company’s broader plan to modernize its operations and prepare for major international......
Morocco's trade exchanges with global markets recorded a notable increase of 6.3% in 2024, yet Europe retained its position as the country's dominant trade partner, despite a modest decline in its overall share. New data from Morocco’s Exchange Office reveals that European partners accounted......
Morocco’s fuel distribution market remains under the tight control of nine major companies, which collectively generated a net profit of MAD 2.3 billion ($230 million) in 2024, according to a newly released report from the Competition Council. Despite signs of market diversification, these distributors......
XRP and Bitcoin remain at the forefront of the cryptocurrency world in 2025, showcasing their unique strengths in revolutionizing global financial systems. Despite their differences, both cryptocurrencies have gained prominence for their ability to store and transfer value across borders efficiently. This......
Spain has added more than 1.4 million foreign workers to its labor force over the past decade, according to new data. Economists view this trend as essential for sustaining the country’s welfare and pension systems amid an aging population. A decade of growth in foreign labor Figures from Spain's......
Spain’s Beckham Law, offering a flat 24 percent tax rate for eligible foreigners, has long attracted international professionals and investors. However, recent scrutiny and legal challenges have led many to explore other legitimate tax-saving options. Here’s a look at some of the alternatives......
Morocco has taken a major step toward transforming its aviation sector with the signing of a $3.7 billion agreement to upgrade and expand the country’s airport infrastructure. The deal, signed by Prime Minister Aziz Akhannouch and the National Airports Authority (ONDA), outlines an ambitious five-year......
Morocco’s Industry and Trade Minister, Ryad Mezzour, has stirred debate by highlighting the vast wage disparity between Moroccan engineers and their European counterparts. While Moroccan engineers earn between €1,000 and €1,500 monthly, identical roles in Europe pay as much as €6,500.......
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