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Economy


New pension scheme and contribution refunds for retirees

The Caisse Nationale de Sécurité Sociale (CNSS) has announced the implementation of the retirement pension and contribution refunds starting from May 1, 2025, with retroactive effect from the retirement date. According to the provisions of decree 2.25.265, individuals who retire between......

Catalonia to Mobilize €1.5 Billion to Counteract Trump’s Tariffs

The Catalan government is set to allocate €1.5 billion to mitigate the effects of tariffs imposed by U.S. President Donald Trump. This package, confirmed by the government and reported by Catalunya Radio, includes grants, loans, investments, advisory services, and various other measures. The initiative......

Morocco's ambitious export growth to Egypt by 2026

Morocco is aiming to significantly increase its exports to Egypt by 2026, with a target of $500 million, up from just $75 million in 2024. This impressive growth is central to ongoing bilateral discussions as both Rabat and Cairo seek to address a concerning trade imbalance. To achieve this goal, the......

New proposals in Spain aim to limit foreign property purchases

A Spanish political party has proposed new measures to restrict foreign individuals from purchasing property in Spain unless they can demonstrate a minimum of five years of continuous residency. The Republican Left of Catalonia (ERC) has introduced a non-legislative motion in the Spanish Congress advocating......

European stocks hit 16-month low as China responds to Trump’s tariffs

European stock markets took a severe hit at the beginning of trading on Monday, with Frankfurt witnessing a drop of up to 10 percent as a global sell-off worsened following U.S. President Donald Trump's tariffs. The indices fell sharply, with Paris losing over six percent, London nearly six percent,......

Over 50 nations request US trade talks after tariffs

More than 50 countries have reached out to the White House seeking to open trade negotiations following President Donald Trump’s sweeping tariffs, according to senior administration officials. The newly imposed tariffs, which wiped nearly $6 trillion off US stock markets last week and shook global......

China remains committed to foreign investment despite Trump’s tariff war

A high-ranking Chinese official has assured that China will continue to be a "promising land" for foreign investment, despite ongoing trade tensions with the U.S. and the recent implementation of 34% tariffs on American imports. This move came as retaliation against similar tariffs introduced......

Global markets slide as Trump defends tariffs as economic remedy

Global financial markets have plunged as US President Donald Trump intensified his defense of broad new tariffs, describing them as necessary "medicine" despite triggering widespread investor panic and massive sell-offs. Speaking aboard Air Force One, Trump said although he doesn’t wish......

Casablanca to host international poultry leaders at IPC meeting

Casablanca is set to welcome prominent leaders from the poultry industry during the Annual International Poultry Council (IPC) Meeting, scheduled for April 7-10, 2025. This significant event, organized in collaboration with Morocco’s Interprofessional Federation of the Poultry Sector (FISA), aims......

Elon Musk advocates for a US-Europe free trade zone

Tech billionaire Elon Musk has voiced support for a free trade zone between the United States and Europe, calling for the elimination of tariffs. During a video appearance at a conference organized by Italy's far-right League party in Florence, Musk emphasized his belief in a zero-tariff arrangement......

Morocco and South Korea expand ties through major rail deal

In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......

UK Prepares to Safeguard Industry amid US Tariff Shifts

UK Prime Minister Keir Starmer responded to US President Donald Trump’s new tariffs, warning that long-standing assumptions about global trade are no longer reliable. In an op-ed for The Sunday Telegraph, Starmer remarked, “The world as we knew it has gone,” emphasizing the shift from......

Morocco and Spain: Strategic Partners in Global Competition

Spain now recognizes Morocco as a key strategic ally in facing the challenges of global competition. Far from being rivals, the two countries have forged a powerful partnership in critical sectors that are shaping the future. In an analysis titled “Spain and Morocco: Strategic Allies in the Face......