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Economy
The Casablanca–Tangier High-Speed Line has become a powerful symbol of Morocco’s modernization and progress. Launched in 2018, this pioneering project the first high-speed train service in Africa has revolutionized travel between the country’s major cities and enhanced Morocco’s......
The Regional Investment Center for the Oriental Region has announced an impressive forecast for 2024, with the Unified Regional Investment Committee approving 239 projects from a total of 506 proposals, amounting to 21.6 billion dirhams in investments. These initiatives are projected to generate over......
In a significant initiative to tackle Spain's housing crisis, Prime Minister Pedro Sánchez has unveiled a new National Development Plan, committing €1.3 billion over the next decade to industrialize housing. This ambitious plan aims to produce 15,000 housing units annually, addressing......
A new World Bank report has spotlighted a troubling trend within the Middle East and North Africa (MENA): since 2000, per capita GDP growth in the region has consistently lagged behind that of comparable economies. This stagnation is largely attributed to the underperformance of the private sector, which......
Morocco’s National Railway Office (ONCF) has underscored the significance of the nation's skilled workforce engaged in the recently inaugurated Kenitra-Marrakech high-speed line project. Khalid Khairane, director of high-speed line projects at ONCF, announced on Thursday that the new line......
Looking to buy a second-hand car in Spain? Exploring trustworthy options and websites is essential to secure the best deal. When considering a second-hand car purchase in Spain, various avenues are available. You might buy from a neighbor or a friend, visit a car dealership, search online, or even discover......
Spain's wealth tax, known as el impuesto de patrimonio, is primarily administered at a regional level, allowing autonomous communities to provide various discounts and exemptions that can be particularly advantageous for high-income foreigners. Understanding these nuances is crucial for those looking......
The landscape of Spain's real estate market has undergone a significant transformation as non-EU foreigners rushed to acquire high-value properties in the wake of the government's decision to abolish the golden visa scheme. Recent data reveals a remarkable increase in home purchases, particularly......
Spain's recent enactment of an anti-squatter law has stirred optimism among landlords and property owners, heralding a shift toward expedited legal procedures for evicting unauthorized occupants. As the legislation takes effect, its implications for both squatters and landlords are under scrutiny. The......
The regional government of the Balearic Islands has firmly opposed recent calls from the Canary Islands for European Union intervention to limit foreign purchases of homes. This stance comes despite shared challenges of mass tourism and a strained property market faced by both archipelagos. Authorities......
A high-level delegation from the Brazilian aerospace giant Embraer recently concluded a visit to Morocco, focusing on the nation’s potential to bolster its aerospace supply chain. The company announced the visit's outcomes in a press release on Thursday. During the trip, Embraer identified......
The launch of the Kenitra–Marrakech High-Speed Rail (HSR) line by His Majesty King Mohammed VI marks a transformative step for Morocco’s national transportation network. Designed with substantial socio-economic benefits in mind, this ambitious infrastructure project builds on the success......
In a move that has sparked both economic anticipation and environmental concern, President Donald Trump signed an executive order to promote deep-sea mining across U.S. and international waters. The aim is to strengthen U.S. access to vital minerals and reduce reliance on China, which currently dominates......
