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Economy


Understanding how Spain's tax agency detects fraud

If you reside in Spain, it is crucial to comprehend the tax implications and ensure compliance with regulations to avoid fines or worse consequences. The Spanish tax agency, known as Hacienda, employs various methods to uncover discrepancies in income declarations. The tax system in Spain can be intricate,......

IFAD partners with Bank Al-Maghrib to enhance food security with $150 million bond

The International Fund for Agricultural Development (IFAD) has announced a renewed partnership with Bank Al-Maghrib, Morocco’s central bank, aimed at bolstering food security and supporting rural communities globally. This collaboration is underscored by the issuance of a $150 million sustainable......

China Eases Layoff Threat with Tariff Cuts but Job Market Still Struggles

BEIJING, May 16 (Reuters) – Liu Shengzun, a Chinese factory worker, lost two jobs in a single month as U.S. tariffs soared in April, forcing companies in Guangdong to slash production. Though a recent easing of tariffs has brought some relief, Liu has abandoned the industrial sector entirely, returning......

Moroccan banks poised for growth amid strengthened financial foundations

Morocco’s largest banks are entering a promising phase as they prepare to capitalize on enhanced financial stability, according to a recent report by Fitch Ratings. The agency highlights that improved profitability, robust capital levels, and sound liquidity position the nation's top lenders......

Tanger Med Port’s ambitious journey towards a zero-carbon future

Tanger Med Port Group has unveiled a bold strategy aimed at eliminating its carbon footprint while fostering sustainability among its operators, as announced at a recent industry event. During the International Transport and Logistics Exhibition for Africa and the Mediterranean (Logismed), Port Decarbonization......

Standard Chartered opens representative office in Morocco to enhance regional presence

British bank Standard Chartered has officially inaugurated a new representative office in Casablanca, Morocco, marking a significant expansion of its operations in the Middle East and North Africa region. This strategic move comes on the heels of receiving a license from Bank Al-Maghrib and the prestigious......

Morocco embraces AI to transform transport systems ahead of global events

Morocco is taking a strategic step toward incorporating artificial intelligence into its transport systems, positioning itself for future international events. On Wednesday, the Ministry of Transport and Logistics formalized three agreements with the Foundation for Research, Development and Innovation......

Navigating the future of enterprise payment innovation

Navigating the future of enterprise payment innovation In today’s dynamic fintech landscape, understanding the evolution of enterprise payments is essential for business owners aiming to remain competitive. The focus has shifted beyond mere speed and convenience to encompass resilience, adaptability,......

Understanding Spain's 75% flight discount for Canary and Balearic residents

Seventy-five percent discounts on flights are now available for many residents of Spain's islands, a benefit that significantly eases the financial burden of travel for those living in the Canary and Balearic Islands, as well as Ceuta and Melilla. This initiative is designed to alleviate the high......

Morocco tops Africa as best country for foreign entrepreneurs in 2025

A recent American report has recognized Morocco as the leading African nation and ranked it 34th globally among the best countries for foreign entrepreneurs in 2025. This distinction highlights Morocco’s strategic geographical position bridging Africa, Europe, and the Atlantic Ocean, combined with......

Morocco invests $10 billion to combat inflation and support households

Between 2022 and 2025, Morocco allocated more than MAD 100 billion (approximately $10 billion) to subsidize essential goods, as stated by Minister of Economy and Finance Nadia Fettah during a recent session at the Chamber of Counselors. This significant financial commitment aims to alleviate the burden......

Casablanca's entrepreneurship event highlights youth innovation and leadership

Casablanca’s Technopark will come alive this Thursday, May 15, with innovation as it welcomes a new edition of Le Phare de l’Entrepreneuriat, a key event for young project leaders, startups, students, and innovation stakeholders in Morocco. Organized by ACCEDE Provence Entrepreneurs, a student......

Morocco’s returnees: A surge of opportunity and identity

Remittances from Moroccans residing abroad accounted for nearly a tenth of the country’s GDP At 5 a.m., Joulya Azmi zipped her suitcase shut for the last time in Bordeaux, France. The Franco-Moroccan nurse had spent nine years in France—slogging through night shifts, dodging microaggressions,......