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......
A high-level economic delegation from Spain’s Valencia region will visit Tangier on June 2 and 3 to reinforce trade and investment ties with Morocco. Organized by the Valencia Chamber of Commerce, the Tangier-Tetouan-Al Hoceima Chamber of Commerce, and the Moroccan Consulate General in Valencia,......
Low-cost airline Ryanair has raised alarms regarding a potential increase of up to 20% in flight delays for routes to and from Spain during the upcoming summer months. The airline attributes this worrying forecast to a shortage of air traffic controllers (ATCs) within the country. The airline has publicly......
Since The Local Spain reported the Spanish government’s intention to impose a 100 percent tax on property purchases by non-EU non-residents, questions have arisen regarding the specifics of this tax. This draft bill, introduced by the Socialist government of Pedro Sánchez, aims to address......
Recent developments in Spain reveal the government’s intensified focus on regulating foreign property purchases and shifting perceptions of house brands among Spanish consumers. Foreign property buyers from affluent Western nations are increasingly feeling the pressure from Spanish authorities.......
Morocco will host the first International Salon for Ports and their Ecosystem (SIPORTS) from February 5 to 7, 2026, at the Mohammed VI Complex in El Jadida. The event is organized by LINECO Events under the patronage of the Ministry of Equipment and Water. Designed as a strategic platform, SIPORTS aims......
Morocco is poised to transition to a floating exchange rate regime in 2026, a move that underscores the critical role of its diaspora in maintaining economic stability. With over five million Moroccans living abroad, remittances have become a cornerstone of the national economy, reaching MAD 117.7 billion......
The Bank of Spain recently issued a cautionary note, indicating that signs of a property bubble may be emerging in the country. As house prices soar to historic levels, the question arises: is Spain witnessing a real estate bubble, and if so, could it burst within the next year? A property bubble is......
The Moroccan government has finalized four significant investment agreements with Catalan companies, totaling MAD 500 million ($50 million) and promising the creation of over 700 direct jobs. This initiative marks a vital progression in enhancing economic relations between Morocco and Spain. High-level......
The Competition Council of Morocco has officially notified GlovoApp Morocco of several grievances regarding alleged anticompetitive practices in the digital food ordering and delivery platform market. The notification follows an investigation initiated by the Council’s self-referral decision number......
