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Economy


Morocco-Spain tunnel: forging a new era of Euro-African connection

A proposed tunnel under the Strait of Gibraltar is drawing fresh attention as Morocco and Spain renew efforts to bridge their continents. Beyond the technical challenges, the project symbolizes a potential transformation in diplomacy, trade, and cultural integration between Europe and Africa. Reviving......

China’s tariff exemption on African imports offers Morocco a chance to shrink trade deficit

Economic experts in Morocco view China’s recent removal of customs duties on imports from African countries as a significant chance for Morocco to address its longstanding trade imbalance with China. Despite Morocco achieving record exports worth $1.3 billion to China last year, this amount remains......

Elites under scrutiny: wealth concentration fuels public discontent

The growing influence and wealth of global elites have become a focal point of public frustration, straining the social fabric amid rising inequality. This tension manifests across continents, with economic disparities and elite dominance reshaping political and cultural landscapes. Elite universities......

Egypt's rental crisis: the end of frozen rents sparks concern for tenants

In a turbulent economic climate, Egypt's rental market is facing a monumental shift as decades-old rent control policies near their end. Since 2021, the Egyptian pound has plummeted by 70% against the dollar, with inflation soaring to a staggering 40%. These conditions have rendered the rental market......

Morocco’s industrial exports hit $43.8 billion milestone in 2024

Morocco’s industrial sector has achieved remarkable growth, with exports surpassing MAD 398 billion ($43.8 billion) in 2024, accounting for 88% of the country’s total exports. Minister of Industry Ryad Mezzour highlighted this achievement during a discussion session on “Macroeconomic......

Two Moroccan Banks Featured in Forbes Global 2000 List for 2025

Two prominent Moroccan banks, Attijariwafa Bank and Banque Centrale Populaire (BCP), have secured spots in the esteemed Forbes Global 2000 ranking of the world’s largest publicly traded companies for 2025. Attijariwafa Bank, under the leadership of CEO Mohamed El Kettani, ranks 979th globally,......

Morocco reports high-grade copper findings at BMR property near Ouarzazate

Morocco Strategic Minerals Corporation has announced significant discoveries from its recent sampling program at the BMR copper-gold property located southeast of Ouarzazate. The program, completed in May, focused on a prominent mineralized structure covering approximately 9 km². The BMR property......

Tesla establishes Moroccan subsidiary, signaling Africa expansion

Tesla has officially entered the Moroccan market by creating a local subsidiary headquartered in Casablanca. The move positions Morocco as a key hub for Tesla’s operations in North Africa and a launchpad for its broader ambitions across the African continent. The subsidiary, established on May......

Barcelona airport to undergo €3.2 billion expansion to boost global connectivity

Spain’s airport operator Aena has received approval from the Catalan government to move forward with a €3.2 billion expansion of Josep Tarradellas Barcelona-El Prat Airport. The project, announced by Catalonia’s socialist president Salvador Illa, is set to transform the airport into......

Netflix to invest over €1 billion in Spain to boost local productions

Netflix, the US-based streaming giant, has announced plans to invest €1.1 billion in Spain’s audiovisual sector between 2025 and 2029. The announcement underscores Spain’s growing importance as a creative hub for global film and television production in Europe. Speaking at Netflix's......

Bank of Spain lowers 2025 growth forecast amid US tariff uncertainty

Spain’s central bank has revised its 2025 economic growth forecast downward, citing the impact of US tariffs and the risk of a global economic slowdown. The Bank of Spain now predicts the country’s GDP will grow by 2.4% this year, a reduction from its earlier estimate of 2.7%. The decision......

Spain's top high-interest savings accounts for 2025

Finding a high-yield savings account in Spain can be a challenge, especially when compared to the higher rates available in countries like the UK or the US. However, several options in 2025 offer competitive rates that can help maximize your savings. Below is a detailed look at the best savings accounts......

Royal Air Maroc nears major Boeing deal with Airbus entry after 25 years

Royal Air Maroc (RAM) is preparing to modernize and expand its fleet through a substantial deal with Boeing and a smaller order with Airbus, marking a transformative step for Morocco's national carrier. Boeing leads negotiations; Airbus returns after decades According to industry sources cited......