Since officially adopting a four-day workweek in 2019, Iceland has emerged as a global example of how reducing working hours can transform professional life while significantly enhancing workers' well-being. This groundbreaking shift, which began as an experiment in 2015, has not only maintained......
Hassan Abkari, the Director General of Tanger Med Port Authority (TMPA), has been relieved of his duties following revelations of a private business venture in Spain’s port sector, raising concerns over a conflict of interest. The decision came during an emergency board meeting held on February......
When taking out a mortgage in Spain, homebuyers often face a range of hidden costs that can significantly impact their financial plans. Spanish banks are known for incorporating various fees and expenses into mortgage contracts, making it crucial for prospective buyers to thoroughly understand the fine......
Hyundai Rotem has signed a historic $1.5 billion (2.2 trillion won) contract with Morocco’s National Railways Office (ONCF) to supply double-decker trains, marking the largest order ever secured by the South Korean company. The agreement, announced on Wednesday, underscores a significant step in......
From Madrid to Barcelona, Spain’s vibrant economy is evident in bustling restaurants, packed hotels, and a thriving service sector. Recognized by The Economist as the world’s best-performing economy in 2024, Spain’s success is attributed in part to a distinctive migration policy that......
Morocco is preparing to tap international debt markets with a new euro-denominated bond issuance, its first since 2023, to help finance an ambitious infrastructure development program ahead of co-hosting the 2030 FIFA World Cup. Finance Minister Nadia Fettah Alaoui emphasized the country's current......
Madrid will host an economic forum on February 19 and 20, 2025, aimed at encouraging Spanish investments in northern Morocco. The event is part of the International Business and Investment Fair “IMEX – Madrid 2025,” organized by the Spanish Chamber of Commerce at the Palacio de Cibeles. According......
Morocco is emerging as a key player in the automotive industry in Africa and the Mediterranean region, according to the Spanish daily Mundo Deportivo. The country has positioned itself as a major production and export hub, supplying vehicles to over 70 countries, including France, Spain, and Italy.......
Morocco is nearing a decision in its ambitious plan to procure 150 regional and commuter trains, with the Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF) and South Korea’s Hyundai Rotem emerging as the final contenders. This follows the exclusion of Talgo, Alstom, and the Chinese......
Despite active exploration efforts and international investment, Morocco's quest to develop substantial natural gas resources continues to yield modest results in the face of rising domestic energy consumption. Sound Energy CEO Graham Lyon highlighted the challenges and opportunities in the country's......
Spain's industrial production saw a modest rise of 0.7% in 2024, marking a recovery from the 1.6% decline in 2023, according to the National Institute of Statistics (INE). Although the growth represents an improvement, it remains lower than previous years, including a 2.3% increase in 2022 and a......
The ambitious Xlinks Morocco-UK power project, set to become the world's longest subsea cable at 4,000 kilometers, is actively seeking political backing to secure its £24 billion ($29.9 billion) investment plan. The project aims to connect Moroccan renewable energy directly to British homes,......
Spanish ferry operator Baleària has announced an ambitious plan to create the first green maritime corridor between Morocco and Spain, featuring two fully electric fast ferries that will operate between Tangier Ville and Tarifa. This groundbreaking initiative is scheduled to commence in 2027,......
