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Spanish police break up people smuggling ring

MADRID: The Spanish Civil Guard, working in coordination with the European police agency EUROPOL, announced on Wednesday the arrest of 7 people in relation to a people smuggling organisation operating between Spain and the United Kingdom. In a statement, the Civil Guard said that the 7 people taken into custody were of Iraqi, Albanian and Spanish nationality and have been ... Read More »

Spain hikes growth forecast despite lack of a budget

MADRID: Spain’s government on Tuesday hiked its 2018 growth forecast to 2.7 percent from 2.3 percent previously as it unveiled an overdue budget draft for this year which it however lacks parliamentary support to adopt. The new prediction is a sign the Spanish economy remains unaffected by a political crisis in Catalonia which has unnerved investors and prompted hundreds of ... Read More »

Spain Spearheads Development of 5G Technology in Europe

MADRID: In an era of instant messaging, email and online streaming, the excitement over a phone call might seem a tad old-fashioned. However, this call represents a new, cutting-edge technology that has the potential to benefit not only the digital economy, but also society at large. With data-speeds that are 50 to 100 times faster than 4G, 5G technology will provide the ... Read More »

Spain issues international warrants for Catalan separatists

MADRID: A Spanish judge today issued international arrest warrants against Catalonia’s former president Carles Puigdemont and four others involved in the region’s independence movement, the Supreme court announced. Supreme Court judge Pablo Llarena, who is handling the case concerning Catalonia’s secession bid last October, issued the international and European arrest warrants for Puigdemont and four other former ministers who are in self-imposed exile in Belgium. An international warrant was also ... Read More »

Weather in Spain increased demand for Egyptian citrus

MADRID: The slow Spanish season, caused by adverse weather conditions in the area, has driven up the demand for Egyptian oranges”, says Omar. “There is an increase in demand from countries such as Ireland, Denmark and Poland.” Omar, Sales and Marketing Manager at this Rotterdam-based producer and importer of fruits and vegetables not native to the Netherlands, says Egyptian oranges ... Read More »

Spain trade deficit rises 25.5pc in January

MADRID: Spain’s trade deficit rose 25.5 percent in January from a year earlier, the economy ministry said on Wednesday, with imports outstripping exports on the back of strong domestic demand and imported energy costs. Exports rose 6.5 percent to a record high for Jaunary of 22.8 billion euros ($28.0 billion) while imports rose 8.9 percent to their own record reading ... Read More »

Irish man arrested in Spain for plan to sell over 1,100 fake football jerseys

MADRID: Spanish police have arrested an Irishman they say was planning to sell more than 1,500 counterfeit football tops online for a profit of €75,000. The 37-year-old was held in the Costa Blanca resort of Torrevieja after officers confiscated the Chinese-made sportswear at Alicante Airport. Officers acted after detecting a tiny difference in one of the club shields on the ... Read More »

Orenes Grupo going all in on Spain casino strategy

MADRID: Orenes Grupo is looking to begin its construction phase of the new building that will cover 11.600 square metres of its three floors, by 2019. Everything related to casinos and online gambling is seemingly in fashion in Spain, and the country’s main cities have seen a rapid rise in activity in recent years. It will be no surprise then ... Read More »

Spain sector fears oversupply of Senegalese watermelons

MADRID: Senegalese watermelon campaign has recently kicked off and production with a good taste quality can already be purchased in some Spanish supermarkets and fruit stores. Although the volume available in the market is still not significant, larger volumes are expected within ten or fifteen days, since at this time, they are still on the way by boat, en route ... Read More »

Spanish police dismantle smuggling ring targeting Chinese citizens

MADRID:  Spanish police have arrested 155 people in several cities for alleged involvement in a trafficking ring that used Spain as a staging point to take predominantly Chinese citizens to the United Kingdom using false documentation, officials said on Tuesday. Spain’s National Police said traffickers would approach candidates in China and offer falsified documentation and safe travel to the UK ... Read More »

Major gang suspected of smuggling people into Ireland dismantled in Spain

MADRID: Spanish authorities suspect the gang of helping Chinese people illegally enter Ireland and the UK. The arrests come after a three-year investigation in Spain. The majority of the 155 people arrested are of Chinese nationality and the four alleged leaders of the gang are among them. Police have said the four leaders of the network have now been detained. ... Read More »

Spain sigfrido opens new facilities amid sharp growth

MADRID: Spain-based supplier Sigfrido Fruits has opened up new packing and storage facilities following strong sales growth in its two main products – avocados and mangoes. Since the company was established five years ago it had been renting out various facilities in the country, but last year it began constructing its own 2,800-square-meter plant amid rising demand from clients.   ... Read More »

Brexit becomes a political issue in Spain

MADRID: Brexit is beset by government and political infighting. Immigration policy, the services sector, the customs union, the Irish border and even what to do about Trump’s new tariff talk are all on the agenda, and all seem intractable, complex, long-term issues that no one really has a specific, actionable plan for. The clock is now down to just over ... Read More »

EIB vice president named Spain’s economy minister

MADRID: European Investment Bank (EIB), was appointed Spain’s new economy minister Wednesday, the government announced, replacing Luis de Guindos who is heading to the European Central Bank. Escolano, an economist born in 1965 who has experience both in the private and public financial sectors, will take up a key posting in the cabinet of Prime Minister Mariano Rajoy, who regularly ... Read More »

Spainish tax agency tabacoo imports

MADRID: The Rock imported 72 million packs of cigarettes in 2017 despite its meagre population of just 34,000 inhabitants, according to the Spanish Tax Agency. If all of the tobacco imported went on internal consumption it would mean each Gibraltarian would have to smoke 5.8 packs of cigarettes every day. In 2017, 4.5 million packs of illegal cigarettes and 70 ... Read More »

Spanish government scorns latest Catalan independence moves

MADRID: The Spanish government is dismissing the latest efforts by Catalan separatists to advance their independence bid, saying a planned Catalan government in exile would have no legal authority. The government also says Jordi Sanchez, a prominent secessionist proposed as Catalonia’s new president, can’t take office because he’s in jail in Madrid awaiting possible trial on charges of sedition and ... Read More »

Spain’s economy grows by more than 3 per cent

MADRID: More than €1,163,660 were added to the country’s economy in 2017, according to the country’s National Institute of Statistics (INE). The data organisation also revised growth figures for 2016 upwards from 3.2 to 3.3 per cent. GDP grew by 0.7 per cent in the final quarter of last year which was in line with previous estimates, the INE said. ... Read More »

Spain’s PM says would like to finalize 2018 budget proposal March 23

MADRID: The Spanish government aims to finalize its 2018 budget proposal by March 23 at the latest, Prime Minister Mariano Rajoy said on Thursday. The ruling People’s Party (PP), which has a minority position in parliament and needs backing from other parties to pass the budget, still doesn’t have sufficient cross-party backing but hopes to reach an accord. Read More »

Spain’s Acerinox reports core profit jump on tax reform

MADRID: Spanish stainless steel maker Acerinox reported on Wednesday a 49 percent jump in annual core profit driven by benefits from the U.S. tax reform and a recovery in prices during the final quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) for 2017 rose to 489 million euros ($596.68 million). Net sales increased 16.6 percent to 4.63 billion euros. ... Read More »

Spain’s SEAT showcases Israeli auto safety tech in new car

MADRID: Israel-developed sensor technology that alerts drivers when they are distracted or drowsy has been incorporated into a car to be showcased by Spanish manufacturer SEAT at the 2018 Mobile World Congress Show this week in Barcelona. SEAT has joined forces with Israel’s eyeSight Technologies to incorporate its embedded computer vision and deep learning solutions within the Leon Cristobel Concept Car it will ... Read More »