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Economy
Morocco has rapidly emerged as one of the leading markets for Russian wheat exports in recent years, joining other growing destinations such as Nigeria, Kenya, Libya, Tunisia, and Tanzania. Dmitry Sergeyev, chairman of the Russian Union of Grain Exporters and Producers, highlighted this trend in an interview......
A high-level economic delegation from Spain’s Valencia region will visit Tangier on June 2 and 3 to reinforce trade and investment ties with Morocco. Organized by the Valencia Chamber of Commerce, the Tangier-Tetouan-Al Hoceima Chamber of Commerce, and the Moroccan Consulate General in Valencia,......
Low-cost airline Ryanair has raised alarms regarding a potential increase of up to 20% in flight delays for routes to and from Spain during the upcoming summer months. The airline attributes this worrying forecast to a shortage of air traffic controllers (ATCs) within the country. The airline has publicly......
Since The Local Spain reported the Spanish government’s intention to impose a 100 percent tax on property purchases by non-EU non-residents, questions have arisen regarding the specifics of this tax. This draft bill, introduced by the Socialist government of Pedro Sánchez, aims to address......
Recent developments in Spain reveal the government’s intensified focus on regulating foreign property purchases and shifting perceptions of house brands among Spanish consumers. Foreign property buyers from affluent Western nations are increasingly feeling the pressure from Spanish authorities.......
Morocco will host the first International Salon for Ports and their Ecosystem (SIPORTS) from February 5 to 7, 2026, at the Mohammed VI Complex in El Jadida. The event is organized by LINECO Events under the patronage of the Ministry of Equipment and Water. Designed as a strategic platform, SIPORTS aims......
Shandong Yongsheng Rubber, a leading Chinese tire manufacturer, has confirmed plans to establish a tire production facility in Morocco’s Kenitra Automotive City. Founded in 1986, the company seeks to expand globally by leveraging Morocco’s geographic and trade advantages. The factory will......
Morocco is poised to transition to a floating exchange rate regime in 2026, a move that underscores the critical role of its diaspora in maintaining economic stability. With over five million Moroccans living abroad, remittances have become a cornerstone of the national economy, reaching MAD 117.7 billion......
For decades, cannabis in the Middle East and Africa remained relegated to the margins of legality, cultivated and traded in the shadows. That changed in 2021 when Morocco became the first country in the region to legalize the production, export, and medical use of cannabis. This landmark legislation......
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......
