Economy
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.......
The number of bank cards in circulation in Morocco rose to 22.6 million in 2024, marking a 12% increase compared to the previous year, according to the latest annual banking supervision report released by Bank Al-Maghrib. Despite this significant growth, cash withdrawals remain the main use of these......
Vantage Payment Systems (VPS), a licensed payment institution accredited by Bank Al-Maghrib, has announced a strategic partnership with American Express to strengthen digital payment services in Morocco. This collaboration marks the first time American Express cards will be accepted for e-commerce transactions......
Europe continued to dominate Morocco’s foreign trade in 2024, accounting for 62% of total trade volume, down slightly from 63.2% in 2023, according to the latest annual report by the Moroccan Office of Exchange. European countries provided 56.4% of Morocco’s imports and received 71.4% of......
U.S. President Donald Trump announced on Tuesday the conclusion of a “historic” trade agreement with Japan that significantly reduces tariffs on Japanese vehicles and opens the door for increased agricultural imports, especially rice, from the United States. “We’ve just finalized......
As Moroccan fruit and vegetable exports surge in the Spanish market, discontent is rising among Spanish farmers who feel increasingly threatened by what they describe as unfair competition. In the greenhouses of Andalusia, a sense of frustration grows as shipments from Morocco climb steadily. In just......
In a move to strengthen African-led development strategies, Mohammed VI Polytechnic University (UM6P), UNESCO, and the OCP Foundation signed a strategic agreement in Paris on July 18, 2025. The trilateral partnership activates a $6 million platform that will fund joint projects focused on education,......
Taking a vacation in Morocco is becoming a luxury fewer Moroccans can afford. What used to be a time for relaxation and travel—whether as a family, couple, or group of friends—has now become financially out of reach for many, including Moroccans living abroad. Once again this year, a growing......
Spain’s western Extremadura region continues its efforts to combat depopulation by offering grants of up to €10,000 to attract digital nomads and remote workers. While many Spanish regions grapple with overtourism and rising living costs, Extremadura stands out, actively seeking new residents......
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