Economy
Low-cost airline Ryanair is set to announce significant reductions in flights to and from regional airports in Spain this winter, confirming plans to cut an additional one million passenger seats. The move comes amid ongoing tensions with Aena, the Spanish airport network, over fee increases. Sharp......
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......
European logistics company Samskip has introduced the Moroccan Reefer Service (MRS), a new weekly maritime line connecting Agadir and Casablanca directly to Thamesport in the UK and Rotterdam in the Netherlands. The service offers a faster, more sustainable alternative for transporting fresh produce......
A new global study reveals that immigrant workers in Spain earn nearly a third less than Spanish nationals, highlighting structural inequalities within the labor market as the country braces for a major demographic shift. The research, led by the University of Oslo and published in Nature Journal,......
Swedish bearing and seal manufacturing company SKF has inaugurated a new factory in the northern Moroccan city of Tangier, marking a significant expansion in its global operations. This facility is designed to meet the rising demand for magnetic bearings and components for high-speed electronic motors. Initially......
New data reveals that American nationals are paying significantly more for homes in Spain than most other foreigners, with the second half of 2024 witnessing a remarkable surge in property prices. This trend has sparked concerns about the ongoing housing crisis in the country, which has been identified......
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 taken a bold step toward regulating cryptocurrencies, signaling a significant shift in its approach to these digital assets. For years, the country maintained a firm stance against cryptocurrency transactions, prohibiting them since 2017. Financial authorities cited concerns over consumer......
Trelleborg, a Swedish manufacturer of industrial machinery, commenced the construction of a new aerospace sealing systems factory in Nouaceur, a region in northwestern Morocco. The $10.2 million project is expected to create 150 to 200 jobs and aligns with Morocco's broader goals to integrate further......
Daron Acemoglu, Simon Johnson, and James Robinson have been awarded the 2024 Nobel Prize in Economic Sciences for their pioneering research into the formation of institutions and their significant impact on economic prosperity. The Royal Swedish Academy of Sciences announced the honor on Monday in Stockholm,......
Morocco must revitalize its financial sector to enhance its appeal as a business hub, according to the Milken Institute's 2024 Global Opportunity Index (GOI). Despite efforts to improve business allure, Morocco ranks 80th out of 129 countries in business infrastructure. The GOI evaluates countries......
In a significant development in the ongoing saga of Morocco's sole oil refinery, the North African kingdom has decisively rejected a substantial $2.7 billion compensation claim brought forth by Saudi entrepreneur Mohammed Al Amoudi. This rejection comes on the heels of a concluded arbitration procedure......
