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Economy


Spain’s Untapped Mining Potential Gains Renewed Interest

Spain, a key player in the European mining sector, operates 2,600 mines, generating annual revenues of €3.5 billion ($3.8 billion). As the EU's second-largest producer of copper and magnesite, Spain holds significant yet largely unexplored mineral wealth, according to experts in the field. Geologist......

Spain detects first cases of rare enterovirus in children

A recent study from the Carlos III Health Institute in Spain has revealed the detection of five cases of a rare enterovirus in children between 2019 and 2024. This enterovirus, also identified in other European countries, is linked to both respiratory and neurological diseases, prompting calls for heightened......

IMF approves $496 million for Morocco's economic resilience

The International Monetary Fund (IMF) has announced the approval of a $496 million disbursement to Morocco under the Resilience and Sustainability Facility arrangement. This marks the third tranche of funding, bringing the total disbursed to approximately $1.24 billion. The announcement highlights Morocco's......

Resilience of the Moroccan economy amid negative shocks

The Moroccan economy has demonstrated resilience in the face of negative shocks, showcasing the strength of the Kingdom's economic policies and frameworks, according to Kenji Okamura, Deputy Managing Director and Acting President of the International Monetary Fund (IMF). In a statement issued in......

Gold prices surge as Middle East tensions escalate

Gold prices reached new heights on Tuesday morning, driven by a resurgence of violence in the Middle East. Tariffs imposed by Washington, along with retaliatory measures from affected countries, have dampened investor enthusiasm, prompting a shift towards safe-haven assets. Shortly after 9:20 AM, gold......

New international airport in Marrakech: A strategic project for the future

Morocco is advancing its ambition to modernize airport infrastructure with the announcement of a new international airport in Marrakech. This initiative is part of the strategic plan "Airports 2030," aimed at addressing the challenges posed by the growing tourism sector and preparing for the......

Morocco's trade relationship with Spain reaches historic highs

Morocco has firmly established itself as Spain’s foremost African trading partner, achieving remarkable bilateral trade figures in 2024. Recent data from the Spanish Ministry of Economy, Trade and Enterprise reveals that trade between the two nations surged to €22.7 billion, marking a significant......

Azerbaijan-Morocco trade experiences significant growth in early 2025

Trade relations between Azerbaijan and Morocco are witnessing a remarkable upswing, with a reported 56% increase in trade volume during the first two months of 2025 compared to the same period in 2024. This surge, as reported by the Azerbaijani State Customs Committee, reflects a robust strengthening......

Morocco's industrial transformation: A rising economic powerhouse

Morocco has made significant strides over the past 25 years in modernizing its infrastructure and diversifying its economy, as highlighted in a recent article by the Spanish financial daily, El Mundo Financiero. In its examination of "Morocco's industrial revolution," the publication emphasizes......

Russia pursues renewal of fisheries agreement with Morocco

Russia is currently in discussions to renew its maritime fishing agreement with Morocco, which lapsed last December after four years of cooperation. Moscow aims to reinstate its fishing fleet's operations off the Moroccan coast, focusing on species such as sardines, sardinella, mackerel, and anchovies. Ilya......

Discover the Spanish cities where saving is most achievable in 2025

As living costs soar across Spain, a new study highlights cities where residents can still save money effectively. The report reveals surprising findings about the most favorable locations for saving, despite the ongoing economic pressures. The rising cost of living, particularly in the housing market,......

Spain targets wealth disparity in new tax control initiative

Spain's tax agency has unveiled an ambitious new plan aimed at scrutinizing individuals whose visible wealth does not align with their reported income. This initiative is part of the Spanish Tax Agency's (AEAT) Tax Control Plan for 2025, which emphasizes the investigation of taxpayers showing......

Morocco's pivotal role in African trade and development

Morocco is emerging as a key player in African trade and development, showcasing its strength across several strategic sectors, according to the Economic Commission for Africa (ECA). In its Economic Report on Africa 2025, released during the 57th session of the ECA-UN (March 12-18 in Addis Ababa), the......