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Economy



Financial criteria for Spain's non-lucrative visa unlikely to change in 2026

Foreign nationals living in Spain under the non-lucrative visa scheme, as well as new applicants seeking to relocate to the country, are facing questions over possible changes to the financial requirements for eligibility in 2026. This visa, which is popular among retirees and remote workers, allows......

Spain considers extending life of key nuclear power plant

Spanish authorities are reviewing a request to prolong the operation of the Almaraz nuclear power plant, originally scheduled to shut down in 2028. The proposal, submitted by energy firms Endesa, Iberdrola, and Naturgy, reflects renewed concerns over energy stability following a massive power outage......

Morocco and Spain deepen economic partnership ahead of 2030 World Cup

Morocco and Spain are moving to strengthen their economic ties as both nations prepare to co-host the 2030 FIFA World Cup alongside Portugal. The initiative reflects a shared vision for sustainable growth and deeper regional integration. Morocco’s General Confederation of Moroccan Enterprises......

Morocco and Israel sustain strong economic partnership despite slower momentum

Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, affirmed that the kingdom’s economic partnership with Israel remains robust, even though its pace has moderated since the initial surge following the trilateral agreement with the United States and Israel in 2020. During an......

Morocco to revise 2026 budget with stronger focus on health and education

Morocco’s government will revise its upcoming national budget to prioritize spending on health and education, aiming to address deep-rooted social disparities and respond to growing public discontent. The announcement comes after weeks of nationwide protests led by young Moroccans demanding better......

Morocco and Russia renew fisheries cooperation with strategic maritime agreement

Morocco and Russia have strengthened their long-standing partnership through a new maritime fisheries cooperation agreement, replacing the previous deal that expired in 2024. The accord reinforces bilateral ties while supporting sustainable fishing practices in Moroccan waters. The agreement was signed......

Spain halts cattle exports to Morocco amid lumpy skin disease outbreak

Spanish authorities have suspended the export of live cattle to Morocco after confirming several outbreaks of lumpy skin disease (LSD) in northeastern Spain. The temporary measure, reported by El Faro de Ceuta, is intended to contain the spread of the virus and safeguard both animal health and the agricultural......

Ryanair suspends all flights to Asturias in strategic route realignment

Ryanair has announced it will suspend all flights to and from Asturias, signaling a strategic shift in its Spanish operations. The move reflects the airline’s broader focus on concentrating resources on high-demand tourist destinations while withdrawing from smaller, less profitable regional airports. A......

Public-private partnerships set the stage for Morocco’s sustainable World Cup legacy

As Morocco prepares to co-host the 2030 FIFA World Cup alongside Spain and Portugal, the event brings more than just athletic anticipation. It presents a rare opportunity for the nation to accelerate its green transition while addressing large-scale infrastructure needs. Policymakers, investors, and......

Morocco’s berry exports surge as raspberries and blueberries surpass strawberries

Morocco’s fruit export sector is undergoing a decisive shift. Once synonymous with strawberries, the country’s berry industry is now dominated by raspberries and blueberries, both driving record-breaking export seasons and signaling a long-term transformation in agricultural strategy. In......

Europe’s wealth tax: Which countries still enforce it?

The debate over taxing the ultra-wealthy has reignited across Europe as discussions center on addressing national debts through wealth-based taxation. Economist Gabriel Zucman recently proposed a 2% minimum tax on fortunes exceeding €100 million, a measure aimed at replacing France’s former......

Alstom wins €260 million contract to modernize Morocco’s rail network

French transport giant Alstom has secured a €260 million contract to upgrade the railway line connecting Kenitra and Settat, marking a major milestone in Morocco’s ongoing rail sector transformation. The deal, signed with a consortium that includes Alstom, INEO Rail, and INEOLUM, will see......

Morocco emerges as a key player in EU tomato market with 40% export growth

Morocco has solidified its position as a major supplier in the European Union’s tomato market, recording a 40% increase in exports over the past decade. During the 2024/2025 campaign, Moroccan tomato exports reached 568,370 tons, accounting for 19.63% of the EU’s total imports and generating......

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