Economy
France is grappling with an escalating sovereign debt crisis that threatens to destabilize the eurozone's second-largest economy as political turmoil compounds the government’s challenges. Prime Minister François Bayrou faces a critical confidence vote on Monday that could lead to his......
A new wave of innovation is transforming Europe’s defense technology landscape, driven by a generation of former soldiers who are leveraging their military expertise to create multibillion-dollar enterprises. This surge comes as European nations accelerate rearmament efforts following Russia's......
The United Arab Emirates has emerged as Morocco’s largest foreign investor in 2024, injecting MAD 3.1 billion ($310 million) into the economy, according to a report by Morocco’s Office des Changes. This represents 18.9% of Morocco's total net foreign direct investment (FDI), reflecting......
Long-term government borrowing costs have climbed to their highest levels in decades across major economies, driven by rising fiscal concerns and inflation fears that are reshaping bond markets. Japanese 30-year bond yields reached a record 3.28% on Wednesday, while UK gilt yields soared to levels unseen......
Vodafone UK has secured a contract to deliver communication services for the team conducting studies on the proposed Morocco-Spain underwater tunnel, a groundbreaking project aiming to connect Europe and Africa through the Strait of Gibraltar. Vodafone’s role in the project The Spanish government......
France’s national postal service, La Poste, has suspended business parcel deliveries to the United States, joining several European operators in response to upcoming import tariffs imposed by the Trump administration. The decision, effective Monday, excludes personal gifts valued under $100, which......
Morocco’s National Railway Office (ONCF) has secured €202 million in financing from Germany's KfW Development Bank to upgrade the Greater Casablanca railway network. This funding follows a $350 million loan approved by the World Bank in June, both supporting the “Service Intra-métropolitain......
For $105,000, individuals can secure citizenship in Nauru, a small island nation in Micronesia, Oceania. This "golden passport" initiative, launched on August 7, aims to trade citizenship for investments to combat climate change. However, the program has seen limited interest, with only six......
Morocco is solidifying its position as a leading fertilizer supplier to India, bolstered by strategic agreements and its commitment to high-quality exports. The country’s state-owned OCP Group, a global leader in the fertilizer industry, has played a pivotal role in meeting India’s agricultural......
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......
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’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.......
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......
