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Economy


Crypto cashback cards: integrating digital assets into daily spending

Crypto-friendly cards reshape payment habits The convergence of cryptocurrency and traditional finance continues to produce innovative solutions. Among the most impactful is the emergence of crypto-friendly payment cards. These tools offer a practical gateway between digital currencies and real-world......

Morocco’s avocado export boom raises concerns over water sustainability

Morocco surpasses 100,000 tons in avocado exports amid growing environmental strain Morocco has cemented its place among the world’s top avocado exporters. For the first time, the country has exceeded 100,000 tons in avocado exports, according to EastFruit, an agricultural data platform. This......

Air Nostrum expands summer routes between Spain and Morocco

Iberia’s regional airline boosts flights connecting Málaga, Tangier, and Casablanca Air Nostrum, the regional franchise of Iberia, has expanded its summer network with new routes linking Spain and Morocco. The airline now offers regular flights between Málaga and two major Moroccan......

Spain's unemployment falls below 2.5 million for first time since 2008

Labour market rebounds but job quality remains a concern Unemployment in Spain has dropped below 2.5 million for the first time in nearly 17 years. The Ministry of Labour reported a decline of 57,835 people in May, bringing the total number of unemployed registered with SEPE to 2,454,883. This marks......

Morocco's economy grows by 3.8% in 2024 despite sector imbalances

Morocco's economy expanded 3.8% in 2024, as reported by the country's statistics office, the High Commission of Planning (HCP). This growth marks a slight improvement from the 3.7% recorded in 2023 and reflects a slow yet fragile recovery driven primarily by strong domestic demand amidst persistent......

Morocco leads Africa's renewable energy transition, says Mohamed Ghiath

Mohamed Ghiath, vice-president of the House of Representatives and a senior member of the National Rally of Independents, reaffirmed Morocco's strong commitment to supporting Africa’s energy transition and green investments. He made these remarks during an African parliamentary meeting held......

Mohamed Ghiath in Marrakech: "Morocco, leader of the energy transition in Africa"

Mohamed Ghiath, Vice President of the House of Representatives and a member of the National Rally of Independents, confirmed the Moroccan Parliament's firm commitment to supporting the energy transition and green investment in Africa. He spoke at an African parliamentary meeting organized in Marrakech......

Spain's controversial 100 percent property tax on foreign buyers

Recent developments in Spain have sparked concern among potential foreign property buyers as the government advances plans to impose a staggering 100 percent tax on certain overseas home purchases. This proposal, aimed at addressing the nation’s escalating housing crisis, raises critical questions......

Productive call between US and China on trade deal

The President shared that he recently held a constructive phone conversation with President Xi of China, focusing on the recently finalized trade agreement. The discussion lasted about an hour and a half and concluded positively for both nations. The conversation addressed the complexities surrounding......

Morocco and Mauritania strengthen pelagic fisheries cooperation for sustainable development

Pelagic fishing, a vital marine resource, serves as a powerful driver for integration and growth among countries along Africa’s Atlantic coast. In this context, Morocco and Mauritania have recently taken a significant step forward in their bilateral cooperation. On June 2 and 3, 2025, in Dakhla......

Poultry prices surge in Morocco ahead of Eid Al Adha sacrifice cancellation

Morocco is witnessing a sharp increase in poultry prices as Eid Al Adha approaches. Scheduled for June 7, the celebration this year comes without its traditional animal sacrifice ritual, leading to a surge in demand for alternative meat options. In Casablanca, poultry prices have reached MAD 23 per......

Trump tax-cut plan estimated to add $2.4 trillion to national debt

The nonpartisan Congressional Budget Office (CBO) revised its forecast on Wednesday, lowering the expected cost of President Donald Trump’s tax-cut and spending legislation. The updated projection estimates the plan will increase the national debt by approximately $2.4 trillion, down from a previous......

Trump Doubles Tariffs on Steel and Aluminum to 50 amid Growing Trade Tensions

U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......