Economy
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......
Morocco’s Customs Administration has unveiled significant simplifications for vehicle imports as part of Operation Marhaba 2025, a program designed to facilitate the return of Moroccans living abroad during the summer months. 90% tax reduction for senior citizens Moroccans aged 60 and older,......
European Central Bank President Christine Lagarde recently underscored a significant transformation in the global economic order, one that has relied heavily on the leadership of the United States and the dominance of the US dollar. Speaking at the Hertie School in Berlin, she articulated concerns over......
A delegation of Catalonian business leaders and officials begins a three-day economic mission to Morocco today. The visit, running from May 27 to 29, aims to strengthen economic and commercial relations between the northeastern Spanish region and the North African country. The mission is organized by......
OCP Group has officially announced a groundbreaking €365 million financing agreement with Italy’s export credit agency, SACE. This notable arrangement marks the first of its kind under OCP’s Green Finance Framework and represents a pioneering collaboration guaranteed by SACE’s......
Since the local Spain broke the news that the Spanish government has lodged a draft bill to charge non-EU, non-resident home buyers a 100 percent tax, there have been doubts about how much this tax would truly amount to. The Socialist government of Pedro Sánchez last week presented a draft law......
Two new direct flight routes connecting the United States and Spain have recently commenced, significantly improving travel options for passengers. JetBlue Airways, an American low-cost airline, launched its inaugural flight between Boston and Madrid on Tuesday, marking its entry into the Spanish market.......
U.S. stock futures surged early Tuesday, signaling a sharp rebound from last week’s market decline. The S&P 500 rose about 1.4%, Nasdaq futures jumped 1.5%, and the Dow climbed more than 1%. The primary driver behind this rally was President Donald Trump’s announcement to postpone a planned......
Samta Metals & Alloys inaugurated a major industrial facility in the Atlantic Free Zone of Kenitra, investing around $70 million (approximately 700 million dirhams). The metal processing complex covers more than 36,000 square meters and will focus on recycling non-ferrous scrap metals to manufacture......
The European Investment Bank (EIB) has signed a €70 million financing contract with Morocco’s National Office of Electricity and Drinking Water (ONEE). This significant investment aims to bolster drinking water infrastructure across the nation, particularly benefiting small and medium-sized......
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