Economy
Brussels has allocated over €300 million to fund Morocco’s Nador West Med (NWM), a strategic deep-water port near the Strait of Gibraltar, triggering alarm among Spanish ports. Modeled after the successful Tanger Med, the €730 million project is set to begin operations by 2030, positioning......
Moroccans spent nearly MAD 1 billion ($100 million) on rejected Schengen visa applications in 2024, sparking outrage over the financial and emotional toll of the process. Parliamentary debates have intensified, with lawmakers denouncing excessive fees, opaque procedures, and systemic barriers that disproportionately......
The Moroccan dirham exhibited mixed performance in July 2025, strengthening by 1.3% against the US dollar while depreciating by 0.2% against the euro, according to the latest economic review by Bank Al-Maghrib (BAM). These shifts coincided with a 1.5% rise in the euro’s value against the dollar. The......
Chinese automotive interior materials manufacturer Kuntai has announced plans to establish a $13.7 million production facility in Morocco. The investment, led by its subsidiary Kuntai Hongjing Co Ltd, marks a significant step in the company’s international expansion strategy. Integrated production......
The United States and the European Union have reached a trade agreement aimed at avoiding severe tariffs on European goods. While the deal has been praised for preventing a transatlantic trade war, it has also drawn sharp criticism from some European leaders and industries. Key terms of the agreement The......
Spanish Prime Minister Pedro Sánchez announced on Monday his conditional support for the recently concluded European Union trade deal with the United States, though he admitted doing so “without any enthusiasm.” The agreement, brokered on Sunday by US President Donald Trump and European......
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......
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......
The European Union and South Korea are scrambling to reach trade agreements with U.S. President Donald Trump before the August 1 deadline, as Washington threatens to impose a 30% tariff on most imports from the EU and Mexico, with similar warnings extended to countries like Japan and South Korea. White......
Labour market rebounds but job quality remains a concern Unemployment in Spain has dropped below 2.5 million for the first time in nearly 17 years. The Ministry of Labour reported a decline of 57,835 people in May, bringing the total number of unemployed registered with SEPE to 2,454,883. This marks......
U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......
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......
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......
