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Economy



EBRD, EU, and Finéa collaborate to revitalize small businesses after Al Haouz earthquake

The European Bank for Reconstruction and Development (EBRD) has joined forces with the European Union (EU) and the Moroccan financing institution Finéa to provide essential support to small businesses in regions impacted by the devastating Al Haouz earthquake. On September 8, 2023, a powerful......

Spain's growing trade interest with China: Key figures behind Sánchez's Asian visit

As the doors to the United States potentially close or become increasingly expensive, countries around the world, including Spain, are seeking alternatives. Spain's Prime Minister, Pedro Sánchez, is embarking on a visit to China and Vietnam this Wednesday, aiming to diversify the nation's......

Trump delays tariff hikes on most countries, but increases pressure on China

US President Donald Trump temporarily suspended tariff hikes for most countries on Wednesday, acknowledging that such moves had stirred market anxiety. However, he continued his aggressive stance against China by raising tariffs on Chinese goods to 125%, citing a "lack of respect." Despite......

Strategic partnership between Morocco and Jordan for industrial development

On Wednesday, the Deposit and Management Fund (CDG) of Morocco and the Jordan Industrial Estates Company (JIEC) signed a memorandum of understanding (MoU) in Madaba, Jordan. This MoU aims to foster a strategic partnership for developing the industrial sectors of both countries and enhancing their economic......

Morocco's AMDIE earns top investment promotion award in MENA region

The Moroccan Agency for Investment and Export Development (AMDIE) has been honored as the Best Investment Promotion Agency in the MENA region during the Annual Investment Meeting (AIM 2025) held in Abu Dhabi. This recognition underscores AMDIE's significant role in promoting investment and exports......

Oil prices plummet to four-year low amid escalating US-China trade tensions

Oil prices have fallen to their lowest levels in four years as escalating trade tensions between the United States and China create alarming fears over the global economy. The latest developments were triggered by Washington's implementation of extensive new tariffs, which have reverberated across......

Vietnam and US to Launch Trade Agreement Talks

Vietnam has announced its intention to begin trade negotiations with the United States, following a series of tariff-related tensions. During the first quarter of the year, the US was Vietnam's top export destination. However, the recent imposition of a 46 percent tariff by President Donald Trump—part......

Spain attracts US scientists with €45 million funding initiative

The Spanish government has unveiled a €45 million initiative aimed at enticing US-based researchers disillusioned by the Trump administration to relocate their work to Spain. Amidst rising discontent within the American scientific community, approximately 2,000 researchers recently signed an open......

Spain and Vietnam strengthen economic ties with €305 million financial agreement

During a visit to Vietnam, Spanish Prime Minister Pedro Sánchez emphasized the negative impact of trade wars, especially highlighting the tariffs imposed by the Donald Trump administration, which have raised the costs of Vietnamese products by up to 46%. Sánchez made this statement while......

China raises retaliatory tariffs to 84%, expresses 'grave concern' to WTO

In a significant escalation of the global trade conflict, the United States has imposed severe tariffs on goods from multiple countries, including China. These measures, spearheaded by President Donald Trump, are seen as a direct challenge to the global trading system, and their impact is reverberating......

Standard Chartered considers expansion into Morocco to boost African presence

Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......

Trump tariffs kick in, spurring more market carnage

U.S. President Donald Trump’s sweeping tariffs on imports from dozens of countries officially took effect on Wednesday, triggering a sharp escalation in global trade tensions. Among the most significant were 104% duties on Chinese goods, a move that intensified market instability and accelerated......

Global trade upended as Trump's tariffs of 104% on China, 20% on EU take effect

Global trade dynamics took a sharp turn as former U.S. President Donald Trump implemented sweeping tariffs on a range of international imports. The new duties, which took effect Wednesday, include an unprecedented 104% tariff on Chinese products and a 20% levy on goods from the European Union, signaling......

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