Economy
Morocco and France are advancing toward a landmark agreement to protect Moroccan banks operating within Europe from the stringent effects of the European Union’s Capital Requirements Directive VI (CRD VI). The directive, a key part of the EU’s efforts to tighten financial regulations, limits......
Tesla has officially entered the Moroccan market by creating a local subsidiary headquartered in Casablanca. The move positions Morocco as a key hub for Tesla’s operations in North Africa and a launchpad for its broader ambitions across the African continent. The subsidiary, established on May......
A recent study from the Carlos III Health Institute in Spain has revealed the detection of five cases of a rare enterovirus in children between 2019 and 2024. This enterovirus, also identified in other European countries, is linked to both respiratory and neurological diseases, prompting calls for heightened......
From Madrid to Barcelona, Spain’s vibrant economy is evident in bustling restaurants, packed hotels, and a thriving service sector. Recognized by The Economist as the world’s best-performing economy in 2024, Spain’s success is attributed in part to a distinctive migration policy that......
In a significant business migration trend, over 360 Spanish companies have relocated their production facilities to Morocco, according to a recent report by the Spanish Institute for Foreign Trade and Investment (ICEX). This strategic move appears to be driven by companies seeking to navigate European......
The European Union's latest banking regulations, initially designed to address post-Brexit financial concerns, have inadvertently raised alarms in Morocco. These new rules threaten to disrupt a crucial economic lifeline for the North African nation – remittances from its diaspora in Europe. In......
In a remarkable display of agricultural resilience, Morocco has secured its position as a top watermelon exporter to the European Union, despite facing its sixth consecutive year of severe drought. This achievement underscores the kingdom's ability to adapt and thrive in the face of climatic challenges. According......
In a significant move to bolster its presence in the North African market, Renault Group has appointed Thibault Paland as the new Managing Director of Renault Commerce Morocco and Head of Dacia Maroc, effective July 1, 2024. This strategic decision underscores the French automaker's commitment to......
As summer approaches, Royal Air Maroc (RAM), Morocco's national airline, is gearing up for an anticipated surge in passenger demand by significantly enhancing its network and seat capacity. The airline's strategic expansion aims to provide travelers with more options and improved connectivity......
In a significant development for European-Moroccan trade relations, Spain has solidified its position as the leading exporter from the European Union to Morocco in 2023. According to the latest figures from the Spanish Embassy in Rabat, Spain commanded an impressive 36.8% of the EU's total exports......
