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Economy


Finding the best second-hand cars in Spain: a comprehensive guide

Looking to buy a second-hand car in Spain? Exploring trustworthy options and websites is essential to secure the best deal. When considering a second-hand car purchase in Spain, various avenues are available. You might buy from a neighbor or a friend, visit a car dealership, search online, or even discover......

Navigating Spain's Wealth Tax: A Guide for Foreign Investors

Spain's wealth tax, known as el impuesto de patrimonio, is primarily administered at a regional level, allowing autonomous communities to provide various discounts and exemptions that can be particularly advantageous for high-income foreigners. Understanding these nuances is crucial for those looking......

Surge in luxury property purchases in Spain ahead of golden visa cancellation

The landscape of Spain's real estate market has undergone a significant transformation as non-EU foreigners rushed to acquire high-value properties in the wake of the government's decision to abolish the golden visa scheme. Recent data reveals a remarkable increase in home purchases, particularly......

Spain’s new law promises swift eviction for squatters: a closer look

Spain's recent enactment of an anti-squatter law has stirred optimism among landlords and property owners, heralding a shift toward expedited legal procedures for evicting unauthorized occupants. As the legislation takes effect, its implications for both squatters and landlords are under scrutiny. The......

Balearic Islands resist restrictions on foreign homebuyers

The regional government of the Balearic Islands has firmly opposed recent calls from the Canary Islands for European Union intervention to limit foreign purchases of homes. This stance comes despite shared challenges of mass tourism and a strained property market faced by both archipelagos. Authorities......

Embraer partners with Morocco to enhance aerospace supply chain

A high-level delegation from the Brazilian aerospace giant Embraer recently concluded a visit to Morocco, focusing on the nation’s potential to bolster its aerospace supply chain. The company announced the visit's outcomes in a press release on Thursday. During the trip, Embraer identified......

High-speed rail project from Kenitra to Marrakech boosts Morocco's connectivity

The launch of the Kenitra–Marrakech High-Speed Rail (HSR) line by His Majesty King Mohammed VI marks a transformative step for Morocco’s national transportation network. Designed with substantial socio-economic benefits in mind, this ambitious infrastructure project builds on the success......

Trump Authorizes Expansion of Deep-Sea Mining to Secure Strategic Minerals

In a move that has sparked both economic anticipation and environmental concern, President Donald Trump signed an executive order to promote deep-sea mining across U.S. and international waters. The aim is to strengthen U.S. access to vital minerals and reduce reliance on China, which currently dominates......

IFC invests $135 million in Holmarcom Finance Company to boost growth

Holmarcom Group and the International Finance Corporation (IFC) have successfully established a strategic partnership, marking IFC's acquisition of an 18.62% minority stake in Holmarcom Finance Company (HFC) for MAD 1.35 billion ($135 million). This collaboration comes on the heels of Holmarcom’s......

Morocco’s strides in social protection showcased at World Bank, IMF meetings

Morocco's advancements in social protection took center stage on Wednesday during the "MENA Social Protection Roundtable," a pivotal event at the World Bank and International Monetary Fund (IMF) Spring Meetings. Wafaa Jamali, Director General of Morocco’s National Agency for Social......

Catalyst Mines unveils remarkable chromium findings at Amasine project in Morocco

Catalyst Mines Inc. has recently announced striking results from its Spring 2025 trench sampling campaign at the Amasine project, located in Morocco's Siroua region. The exploration has confirmed high-grade chromium mineralization, alongside significant cobalt and nickel anomalies. The findings......

OCP at SIAM 2025: Morocco’s catalyst for a resilient agricultural future

At the International Agricultural Show in Morocco (SIAM) 2025, the OCP Group emerges as a pivotal player, embodying the nation’s evolving role in the global agricultural dialogue. As a fertilizer powerhouse, OCP is not only redefining agricultural practices but also addressing urgent challenges......

Rising rental costs in Spain push tenants to the brink

New research highlights a troubling trend in Spain's rental market, revealing that residents now allocate an alarming 47 percent of their monthly income to rent, with some regions witnessing figures as high as 70 percent. This situation underscores the growing housing crisis affecting countless individuals......