Economy
Morocco and France are advancing toward a landmark agreement to protect Moroccan banks operating within Europe from the stringent effects of the European Union’s Capital Requirements Directive VI (CRD VI). The directive, a key part of the EU’s efforts to tighten financial regulations, limits......
The National Railway Office (ONCF) has rolled out its “Summer 2025” plan to handle the surge in passenger traffic during the peak travel season. Running from June 23 to September 14, the initiative aims to enhance travel experiences for domestic passengers, Moroccan expatriates, and tourists......
Ireland’s innovative response to its housing crisis has sparked interest across Europe, particularly in Spain, where soaring rents and housing shortages are reaching critical levels. The Irish government has chosen to roll back strict rent caps, aiming to stimulate housing development and attract......
Morocco and the United States have strengthened their customs cooperation by signing a new bilateral Container Security Initiative (CSI) agreement in Rabat. This initiative aims to enhance cargo security while facilitating the increasing volume of trade between the two nations. The agreement, which......
Morocco has taken a bold step in promoting women’s economic empowerment through the launch of the WE Finance Code initiative. Spearheaded by Bank Al-Maghrib (BAM), the European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC), the initiative aims to......
Abdellatif Amrani, Director General of the Moroccan Customs and Indirect Tax Administration, and Donald Conroy, Executive Director for International Operations and Advisory at the U.S. Customs and Border Protection, signed a Declaration of Principles in Rabat confirming Morocco’s participation......
The European Investment Bank (EIB) has committed €1.6 billion to finance the Bay of Biscay electricity interconnection, a critical project aimed at strengthening energy links between Spain and France. This initiative comes in response to Spain’s calls for improved infrastructure following......
EasyJet cabin crews stationed in Spain are set to initiate a three-day strike starting on 25 June, as announced by the USO union. This action comes at the onset of the holiday season and aims to advocate for higher wages. A spokesperson for EasyJet confirmed that the airline plans to maintain normal......
A staggering 150,000 residential properties have vanished from Spain’s long-term rental market since 2023, leaving many Spaniards struggling to find affordable housing. Experts suggest the controversial Housing Law, combined with landlords’ pursuit of higher profits and legal uncertainties,......
A government report released Tuesday has revealed that the massive power outage that paralyzed Spain and parts of Portugal in April was triggered by an "overvoltage" on the electrical grid, leading to a cascading failure. The incident, which disrupted internet, telephone services, train operations,......
The GREEN project, a groundbreaking initiative aimed at enhancing youth employability in Morocco's green economy, officially concluded its two-year run on June 12. Spearheaded by EFE-Maroc in collaboration with the Spanish Agency for International Development Cooperation (AECID), the program exceeded......
The GREEN project, a groundbreaking initiative aimed at enhancing youth employability in Morocco's green economy, officially concluded its two-year run on June 12. Spearheaded by EFE-Maroc in collaboration with the Spanish Agency for International Development Cooperation (AECID), the program exceeded......
Morocco has announced the launch of its first offshore wind farm, a 1,000-megawatt project set to be built near Essaouira. The landmark initiative, unveiled on June 10 during the Mediterranean Day at the UN Conference on Oceans (UNOC3) in Nice, marks a significant step in the country’s transition......
