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Economy


Spain invests €340 million in Casablanca desalination project

Spain has committed €340 million (approximately MAD 3.65 billion) to construct Africa’s largest desalination plant in Casablanca, a significant move aimed at addressing the region's water scarcity challenges. This financial agreement was formalized during a ceremony attended by Spain’s......

UAE invests in Morocco-Nigeria gas pipeline project

Following interest from the United States, the United Arab Emirates is reportedly set to co-fund a monumental $25 billion initiative to construct the Morocco-Nigeria gas pipeline. This ambitious project aims to enhance energy cooperation across Africa and establish Morocco as a pivotal regional hub for......

New Jet2 flights revive tourism in Jerez de la Frontera, Spain

In a promising development for Spain's sherry capital, Jet2 has announced new flight routes connecting the southern city of Jerez de la Frontera with three major British cities: Birmingham, Manchester, and Leeds. This initiative, effective from May through October 31, 2025, marks a significant step......

Spain's foreign property ownership debate intensifies in tourist hotspots

Spain’s right-wing parties have recently dismissed a proposal aimed at limiting foreign property ownership in the Balearic and Canary Islands. This initiative, which was discussed in both the Congress and Senate, was branded “xenophobic” by members of Vox, who joined forces with the......

Casablanca's smart city summit 2025: a vision for sustainable urban development

Casablanca is set to welcome innovators, decision-makers, and urban visionaries from across Morocco and Africa on May 21–22, as the city hosts the long-awaited 9th edition of Casablanca Smart City. This event stands as a testament to the city’s growing role in shaping the urban future of......

Strengthening Morocco's industrial position through Chinese tire manufacturing

In recent years, Morocco has seen a notable increase in the number of Chinese tire manufacturers establishing their operations within the country. This surge is part of a broader strategy to attract foreign investment and diversify international partnerships, particularly in vital sectors such as the......

US and China set for trade talks in Switzerland amid escalating tariff dispute

The United States and China are scheduled to meet in Switzerland this week to begin formal trade discussions, marking the first official talks between the two countries since the onset of a new wave of tariffs. The talks come at a time of heightened economic tension following US President Donald Trump's......

Morocco's ambitious plans for renewable energy and strategic minerals

Moroccan Minister of Energy Transition and Sustainable Development, Leila Benali, has proclaimed that Morocco is on a determined path to emerge as a regional hub for renewable energy and strategic minerals. Her remarks came during the 4th edition of the Europe-Africa Forum held in Marseille, where Morocco......

EBRD and partners extend €65 million green financing to BMCI

BMCI is set to become the first bank in Morocco to receive a comprehensive €65 million Green Economy Financing Facility (GEFF) Plus package, marking the EBRD’s fifth partnership with the institution since Morocco became an investee economy in 2012. The European Bank for Reconstruction and......

Morocco achieves high human development status in UNDP's 2025 index

Morocco has officially transitioned from “medium human development” to “high human development” status, as revealed in the 2025 Human Development Index (HDI) released by the United Nations Development Programme (UNDP). This significant milestone comes as the North African nation......

Barid Al-Maghrib enhances digital transformation for architects in Morocco

Morocco’s postal service and architects have joined forces to transform architectural practices through digital innovation. Barid Al-Maghrib (Poste du Maroc) and the National Council of the Order of Architects (CNOA) recently signed a pivotal partnership agreement aimed at advancing digitalization......

Spain Records Lowest Unemployment since 2008

Spain has shown a notable improvement in its labor market indicators. According to the Ministry of Labor and Social Economy, unemployment has fallen to its lowest level since 2008. In April, the number of job seekers dropped by 2.6% compared to March, totaling 2,512,718 people. This positive shift is......

Spain defends Beckham Law against 'tax trap' claims

Spain’s tax agency has vehemently rejected allegations from a UK-US law firm, asserting that the Beckham Law constitutes a “tax trap” that unfairly exploits foreigners relocating to the country. The law firm, led by American-Canadian Robert Amsterdam, has faced significant backlash......