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Economy


Five reasons why Spain's housing law has failed

Spain amended its housing law two years ago to curb soaring property prices and rents. The reform aimed to regulate rent prices through a rent control index, increase taxes on landlords with vacant properties, and incentivize below-market rental rates. Since then, rental prices have risen by 24 percent......

Cannabis legalization reshapes Moroccan agriculture and rural economy

Morocco, one of the world’s top hashish producers, is undergoing a major transformation. With Law 13-21 legalizing cannabis for medical, cosmetic, and industrial uses, the country is shifting from black market cultivation to a regulated economy aimed at revitalizing its rural regions. A new legal......

Technopark and Plug and Play forge strategic partnership to boost Moroccan startups

Morocco took another significant step toward its digital-hub ambitions today as Technopark Morocco and Plug and Play Tech Center signed a strategic partnership at Technopark headquarters in Casablanca. The Ministry of Digital Transition and Administration Reform (MTNRA) and the Ministry of Economy and......

INEE becomes Morocco’s first accredited energy services company

Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has achieved a significant milestone by becoming the first company to receive official accreditation as an Energy Services Company (ESCO) in Morocco. This landmark development was authorized by the Ministry of Energy Transition......

Morocco and china: strategic partnership reshaping the automotive industry

Morocco has emerged as a pivotal player in the global automotive sector, transforming from an outsider to the leading car producer in Africa. Remarkably, it has become the primary supplier of vehicles to the European Union, surpassing established giants......

Moroccan ports see over 4 percent growth in Q1 2025 traffic

During the first quarter of 2025, ports under the management of Morocco’s National Ports Agency (ANP) handled close to 23 million tonnes of cargo, marking a 4.1% increase compared to the same period in 2024. According to a recent statement from the ANP, the agency’s cumulative revenue rose......

Morocco’s textile sector expands as Valerius opens $10.27 million factory in Salé

Valerius Morocco has inaugurated a new textile manufacturing plant in Salé, marking a strategic expansion in Morocco’s fast-fashion ecosystem. The facility, launched in the presence of His Majesty King Mohammed VI’s Minister of Industry and Commerce Ryad Mezzour, represents a $10.27......

Morocco’s diaspora remittances fall by 3.7% amid shifting global trends

Remittances from the Moroccan diaspora dropped by 3.7% by the end of April 2025 compared to the same period in 2024, according to the latest data from the Exchange Office. The total volume of funds sent home fell from MAD 37.27 billion ($4 billion) to MAD 35.9 billion ($3.88 billion), marking a decrease......

Morocco becomes a major buyer of Russian wheat as Moscow deepens its foothold in Africa

Morocco has rapidly emerged as one of the leading markets for Russian wheat exports in recent years, joining other growing destinations such as Nigeria, Kenya, Libya, Tunisia, and Tanzania. Dmitry Sergeyev, chairman of the Russian Union of Grain Exporters and Producers, highlighted this trend in an interview......

Valencia economic delegation to visit Tangier amid growing Morocco-Spain trade

A high-level economic delegation from Spain’s Valencia region will visit Tangier on June 2 and 3 to reinforce trade and investment ties with Morocco. Organized by the Valencia Chamber of Commerce, the Tangier-Tetouan-Al Hoceima Chamber of Commerce, and the Moroccan Consulate General in Valencia,......

Ryanair warns of significant flight delays in Spain this summer

Low-cost airline Ryanair has raised alarms regarding a potential increase of up to 20% in flight delays for routes to and from Spain during the upcoming summer months. The airline attributes this worrying forecast to a shortage of air traffic controllers (ATCs) within the country. The airline has publicly......

Spain's proposed 100 percent tax on non-EU property buyers raises concerns

Since The Local Spain reported the Spanish government’s intention to impose a 100 percent tax on property purchases by non-EU non-residents, questions have arisen regarding the specifics of this tax. This draft bill, introduced by the Socialist government of Pedro Sánchez, aims to address......

Spain's shifting property policies and evolving consumer habits

Recent developments in Spain reveal the government’s intensified focus on regulating foreign property purchases and shifting perceptions of house brands among Spanish consumers. Foreign property buyers from affluent Western nations are increasingly feeling the pressure from Spanish authorities.......