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Economy
Morocco’s National Railway Office (ONCF) has secured €202 million in financing from Germany's KfW Development Bank to upgrade the Greater Casablanca railway network. This funding follows a $350 million loan approved by the World Bank in June, both supporting the “Service Intra-métropolitain......
For $105,000, individuals can secure citizenship in Nauru, a small island nation in Micronesia, Oceania. This "golden passport" initiative, launched on August 7, aims to trade citizenship for investments to combat climate change. However, the program has seen limited interest, with only six......
Morocco is solidifying its position as a leading fertilizer supplier to India, bolstered by strategic agreements and its commitment to high-quality exports. The country’s state-owned OCP Group, a global leader in the fertilizer industry, has played a pivotal role in meeting India’s agricultural......
The United States and the European Union have reached a trade agreement aimed at avoiding severe tariffs on European goods. While the deal has been praised for preventing a transatlantic trade war, it has also drawn sharp criticism from some European leaders and industries. Key terms of the agreement The......
Spain’s Beckham Law, offering a flat 24 percent tax rate for eligible foreigners, has long attracted international professionals and investors. However, recent scrutiny and legal challenges have led many to explore other legitimate tax-saving options. Here’s a look at some of the alternatives......
Morocco’s Industry and Trade Minister, Ryad Mezzour, has stirred debate by highlighting the vast wage disparity between Moroccan engineers and their European counterparts. While Moroccan engineers earn between €1,000 and €1,500 monthly, identical roles in Europe pay as much as €6,500.......
Europe continued to dominate Morocco’s foreign trade in 2024, accounting for 62% of total trade volume, down slightly from 63.2% in 2023, according to the latest annual report by the Moroccan Office of Exchange. European countries provided 56.4% of Morocco’s imports and received 71.4% of......
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,......
The European Union and South Korea are scrambling to reach trade agreements with U.S. President Donald Trump before the August 1 deadline, as Washington threatens to impose a 30% tariff on most imports from the EU and Mexico, with similar warnings extended to countries like Japan and South Korea. White......
Germany has reaffirmed its commitment to bolstering bilateral ties with Morocco, emphasizing economic cooperation, diplomatic dialogue, and mutual support on key regional issues. In a phone call on Monday, German Foreign Affairs Minister Johann David Wadephul praised the growing collaboration between......
U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......
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......
European Commission President Ursula von der Leyen announced on Sunday that she had a productive phone conversation with U.S. President Donald Trump, leading to a temporary postponement of proposed tariffs on EU imports. Trump had recently threatened a 50% tariff on all goods coming from the European......
