Advertising

Economy


€1.6bn pledged by EU investment bank for Spain-France power link

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 in Spain to strike for improved wages from 25-27 June

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......

Morocco advances industrial sovereignty with $12.49 billion in new projects

On Monday, Industry and Trade Minister Ryad Mezzour announced the selection of 1,839 industrial projects aimed at enhancing Morocco’s industrial sovereignty. These projects, chosen by June 10, represent a total investment of MAD 124.9 billion ($12.49 billion). The initiative seeks to strengthen......

Morocco’s tax revenues surge to MAD 220 billion in 2024, driven by digital reforms

Morocco's tax revenues reached unprecedented levels in 2024, with net collections amounting to MAD 220.52 billion ($24.23 billion), as revealed by the General Directorate of Taxes (DGI) in its annual report. This figure marks a 16% increase from the previous year and represents 111% of the targets......

Sound Energy and Gaia join forces to boost Morocco’s solar energy capacity

British company Sound Energy has partnered with Gaia Energy Ltd. to develop up to 270 megawatts of solar power at multiple sites across Morocco, marking a significant step in reducing the country’s reliance on imported fossil fuels while advancing its clean energy goals. A strategic partnership......

Spain’s rental market crisis: where did 150,000 homes go?

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,......

Spain identifies overvoltage as the cause of nationwide blackout

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,......

Morocco urges small shopkeepers to embrace digital payments to combat retail competition

Morocco’s government is calling on neighborhood shopkeepers, known locally as moul hanout, to adopt digital payment systems in response to mounting competition from retail giants. Secretary of State to the Minister of Industry, Omar Hjira, emphasized the need for these small businesses to modernize,......

Morocco Gains Ground in the Global Aerospace Industry

Morocco has firmly established itself as a competitive player in the global aerospace sector, according to the Minister of Industry and Trade, Ryad Mezzour, during the opening of the Paris Air Show at Le Bourget. Speaking to MAP, Minister Mezzour highlighted growing international interest in Morocco’s......

US and UK Seal Trade Deal While Steel Dispute Remains

KANANASKIS, Alberta — On the sidelines of the G7 Summit in Canada, U.S. President Donald Trump and UK Prime Minister Keir Starmer announced the signing of a new trade agreement aimed at easing certain tariffs between the two nations. The deal marks a step forward in efforts to finalize a comprehensive......

Boeing deepens ties with Morocco through aerospace partnership

Boeing has solidified its presence in Morocco’s aerospace sector by partnering with Casablanca Aéronautique, a subsidiary of France's Figeac Aéro Group, to produce machined parts for the 737 MAX aircraft. The agreement reinforces Boeing’s long-standing engagement in the......

Green economy project empowers Moroccan youth through sustainable opportunities

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......

Green economy project empowers Moroccan youth through sustainable opportunities

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......