Economy
Real estate investment trusts (Socimis) are increasingly at the center of Spain's housing debate, especially as the government implements new tax measures aimed at addressing the worsening housing crisis. While many may not be familiar with Socimis, they play a significant role in the property market,......
Morocco's construction powerhouses TGCC and SGTM have been awarded the second lot of the Grand Stade Hassan II project in Casablanca, a significant infrastructure initiative planned for Benslimane. The contract, valued at MAD 3.2 billion ($320 million), follows the conclusion of the tender process......
The Spanish government has allocated a budget of €113,000 (approximately $129,000) to provide halal meals for Moroccan military personnel undergoing training at the state-owned Navantia shipbuilding company. This initiative ensures that the dietary needs of the Moroccan trainees align with Islamic......
Spanish media, including El Faro de Ceuta, have pointed out that Elon Musk's recently announced Dubai Loop bears a striking resemblance to the proposed underwater tunnel project intended to connect Spain and Morocco. In February, Musk unveiled the Dubai Loop, which aims to create an efficient transportation......
Moroccan farmers are encountering significant difficulties in securing agricultural workers, a situation that seems paradoxical given the nation's high unemployment rates across various sectors, including agriculture. Recent insights from Hortdaily reveal that this issue represents a new form of......
Spain imported 188,076 tons of fruits and vegetables from Morocco during the first quarter of 2025, spending a total of €481 million. This marks a 24% increase in volume and a 23% rise in value compared to the same period last year, according to data from the agriculture-focused platform FreshPlaza. Steady......
Strong growth in agricultural exports Morocco has solidified its role as Spain’s top supplier of fresh fruits and vegetables, driven by sharp increases in exports during the first quarter of 2025. New data from the Spanish Federation of Associations of Producers and Exporters of Fruits, Vegetables,......
Stellantis has taken a decisive step in strengthening its industrial footprint in Morocco by launching engine production at its kenitra plant. This move marks a significant evolution from vehicle assembly to a fully integrated manufacturing site capable of producing critical components like turbocharged......
Iberia’s regional airline boosts flights connecting Málaga, Tangier, and Casablanca Air Nostrum, the regional franchise of Iberia, has expanded its summer network with new routes linking Spain and Morocco. The airline now offers regular flights between Málaga and two major Moroccan......
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......
Recent developments in Spain have sparked concern among potential foreign property buyers as the government advances plans to impose a staggering 100 percent tax on certain overseas home purchases. This proposal, aimed at addressing the nation’s escalating housing crisis, raises critical questions......
Spain amended its housing law two years ago to curb soaring property prices and rents. The reform aimed to regulate rent prices through a rent control index, increase taxes on landlords with vacant properties, and incentivize below-market rental rates. Since then, rental prices have risen by 24 percent......
Morocco has emerged as a pivotal player in the global automotive sector, transforming from an outsider to the leading car producer in Africa. Remarkably, it has become the primary supplier of vehicles to the European Union, surpassing established giants......
