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Economy


The economic implications of Trump's tariffs on Spain's olive oil and machinery sectors

US President Donald Trump's trade policies have recently cast a shadow over Europe, with the potential for 25 percent tariffs on EU-made goods. This move, which Trump claims is necessary to rectify what he perceives as unfair trade practices, has significant implications for various sectors in Spain,......

Morocco selects five investors for $31.9 billion green hydrogen projects

Morocco's green hydrogen ambitions took a significant leap forward with the selection of five major investors during a steering committee meeting chaired by Prime Minister Aziz Akhannouch in Rabat. This move is part of a broader initiative to develop six projects valued at MAD 319 billion ($31.9......

EIB strengthens Morocco’s economy with strategic investments

The European Investment Bank (EIB) is enhancing Morocco's sustainable development through significant financial and technical initiatives aimed at fostering economic resilience. In a notable achievement, the EIB has surpassed €10 billion in investments in Morocco since its inception in 1979.......

Morocco solidifies its position among Africa's economic powerhouses

Morocco has reinforced its status as a significant economic player on the African continent, as highlighted by the magazine “Jeune Afrique” in its announcement of the 26th edition of its exclusive ranking of Africa's 500 largest companies. With a total revenue of $55.9 billion, Moroccan......

US tariffs threaten jobs on both sides of the border

The imposition of tariffs by the US administration on goods imported from Canada is jeopardizing jobs in both countries, warns the Canadian union Unifor. “These tariffs will harm workers by increasing the cost of everyday goods, destroy jobs on both sides of the border, and have devastating consequences......

How much do you need to retire comfortably in Spain?

Spain continues to attract many expatriates looking to retire, with its favorable climate, picturesque coastline, and vibrant culture. However, rising living costs, including soaring housing prices, inflation, and increased taxes, have led to concerns about the true affordability of retiring in this......

Property prices in Spain soar to historic highs

The average price of a pre-owned home in Spain has surged to a record €2,271 per square metre following a 1.5 percent monthly increase in February, as reported by property portal Idealista. This marks a 1.2 percent rise over the last three months, setting a new benchmark for Spain's leading......

Strengthening trade links: Royal Air Maroc's new route connects Morocco, China, and Brazil

Royal Air Maroc (RAM) Cargo has revitalized a key trade route linking Morocco and China, essential for the movement of goods between China and Africa, while also establishing a direct connection to Brazil. The Moroccan airline has introduced a Boeing 787-9 aircraft operating three flights per week between......

EIB enhances support for Morocco's development with record investment

The European Investment Bank (EIB) has strengthened its commitment to Morocco's development initiatives, surpassing the €10 billion investment mark since the inception of its partnership with the North African nation. A recent statement shared with Morocco World News reveals that the financing......

Morocco surpasses France as Spain's leading gas importer

Morocco has emerged as Spain's largest natural gas customer, overtaking France, according to recent figures released by the Corporation of Strategic Reserves of Petroleum Products (Cores). Data highlighted by The Objective reveals that Morocco imported a staggering 9,703 gigawatt hours of natural......

Streamlined security checks enhance passenger experience at Mohammed V Airport

In a move aimed at enhancing the passenger experience, security inspection devices such as scanners and gates at the entrances of Mohammed V Airport in Casablanca have been relocated. This adjustment eliminates long queues and ensures smoother movement, providing travelers with a more comfortable journey......

China Boosts Economic Growth amid Unprecedented Global Shifts

China is intensifying its economic growth efforts as it navigates rapid global changes and rising trade tensions with the United States. The country has introduced additional fiscal stimulus, prioritizing domestic consumption and economic stability while aiming for a 5% growth rate in 2025. Premier......

Strategic auto financing partnership reshapes Morocco’s secondhand car market

Dar Al Amane, the participatory finance arm of Société Générale Maroc, has partnered with Autocaz, a subsidiary of Auto Hall and a key player in Morocco's secondhand car market, to launch an innovative auto financing solution aligned with Islamic finance principles. This......