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Keywords: Economy
The Iranian national currency, the rial, hit a historic low against the US dollar on Sunday morning following the reinstatement of UN sanctions, according to several currency tracking websites. Informal market rates indicate that one dollar is exchanging for approximately 1.12 million rials, while one......
Labour is seeking to establish an “ambitious” youth mobility scheme with the European Union, Chancellor Rachel Reeves announced ahead of the party’s annual conference. The plan would allow thousands of young Europeans to temporarily live, study, and work in the UK, while offering British......
The American rating agency Standard & Poor’s (S&P) has upgraded Morocco’s sovereign credit rating, restoring the country to the coveted “investment grade” category. Morocco had lost this status in 2021 following the economic fallout of the COVID-19 pandemic. The positive......
The debate over taxing the ultra-wealthy has reignited across Europe as discussions center on addressing national debts through wealth-based taxation. Economist Gabriel Zucman recently proposed a 2% minimum tax on fortunes exceeding €100 million, a measure aimed at replacing France’s former......
The United States recorded an annualized GDP growth of 3.8% in the second quarter, according to an updated official estimate released Thursday, well above previous calculations and market expectations. The first estimate, published at the end of July, reported growth of 3%. It was later revised to 3.3%,......
Rabat – Moroccan authorities have launched a national dialogue to boost the development of seaweed farming, positioning it as a cornerstone of the country’s emerging blue economy. Zakia Driouch, Secretary of State in charge of Maritime Fisheries, brought together experts, investors, and......
The recent release of Tourism Law in Morocco by Dr. Mohamed Chakaoulou marks a pivotal moment in defining the legal framework of one of the nation’s most vital economic sectors. With over thirty years of experience as a tourism consultant and specialist, Dr. Chakaoulou emphasizes the urgent need......
Morocco has become a founding member of the newly launched Future of Investment and Trade Partnership (FIT), a coalition of 14 nations aimed at strengthening the global trade influence of small and medium-sized economies. The initiative, formalized during a virtual ministerial meeting on September 16,......
Spain’s state-owned airport operator Aena announced on Thursday a historic €12.8 billion ($15 billion) investment plan to modernize and expand the country’s airport infrastructure over the next five years. Spanning 2027-2031, this initiative marks Aena’s largest airport investment......
