Economy
A Spanish political party has proposed new measures to restrict foreign individuals from purchasing property in Spain unless they can demonstrate a minimum of five years of continuous residency. The Republican Left of Catalonia (ERC) has introduced a non-legislative motion in the Spanish Congress advocating......
In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......
Spain now recognizes Morocco as a key strategic ally in facing the challenges of global competition. Far from being rivals, the two countries have forged a powerful partnership in critical sectors that are shaping the future. In an analysis titled “Spain and Morocco: Strategic Allies in the Face......
Air Arabia Maroc has announced the introduction of a direct flight route connecting Nador and Murcia, set to commence on May 3. This initiative is part of the airline's broader strategy for international expansion. The new service will operate three times each week, specifically on Mondays, Tuesdays,......
The Bank of Spain has declared that starting in April, specific €50 banknotes will no longer be accepted as legal tender across the nation. While €50 and €20 notes remain widely used in Spain, this decision affects only those €50 banknotes that exhibit visible signs of tampering......
Spain has activated a response plan to counter the tariffs announced by Donald Trump, mobilizing 14.1 billion euros. Of this amount, 7.4 billion comes from new financing, while 6.7 billion uses existing instruments. The aim is to provide a double protection for businesses and employment, relying on both......
Spain's controversial 'Google Tax' may soon become a focal point in international trade relations, particularly as U.S. President Donald Trump intensifies his tariff policies. Announced on April 2, Trump's latest measures could escalate tensions with Europe, raising concerns over the......
The ambitious Spain-Morocco undersea tunnel project, designed to connect Morocco’s Tangier with Spain’s Algeciras through the Strait of Gibraltar, is estimated to carry a hefty price tag of €15 billion, as reported by Spanish newspaper La Razón. This monumental initiative is......
Recent data from Eurostat reveals that despite Spain's ongoing economic growth, the purchasing power of its residents remains as low as it was 25 years ago. Spaniards now find themselves eight points below the EU average income level, a stark reminder that macroeconomic indicators do not always reflect......
Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......
Morocco is currently maneuvering through a landscape marked by diplomatic and trade challenges, amidst a backdrop of global economic uncertainty. The year 2025 unfolds with apprehensions regarding international trade, particularly as the U.S. administration under President Trump signals potential tariffs......
The European Commission has firmly rejected allegations of tax fraud concerning Moroccan tomato exports to the European Union. This decision comes in the wake of concerns raised by Spanish MEP Carmen Crespo, who questioned whether Morocco had exceeded its duty-free export limits. European Commissioner......
As Europe reshapes its supply chains to enhance resilience, Morocco is establishing itself as an indispensable strategic pivot. Its geographical proximity, coupled with a steadily diversifying economy, positions it as a preferred partner for a continent seeking reliable alternatives to distant and fragile......
