Canada’s Aya Gold & Silver enhances its investments in Morocco

Canada’s mining company Aya Gold & Silver announced on Monday it reached an agreement with Morocco’s National Office of Hydrocarbons and Mines (ONHYM) to acquire its 15 pc interest in the Zgounder project and five adjacent permits to the Zgounder Silver Mine for $6.5 million. ONHYM will maintain its 3% royalty on the Zgounder property, […]

Egypt’s Central Bank Cuts Key Interest Rates by One Percentage Point

The Central Bank of Egypt (CBE), on Thursday, 25 December, announced a 100-basis-point reduction in its key interest rates, marking its fifth rate cut this year as policymakers respond to easing inflationary pressures. In a statement, the CBE said its Monetary Policy Committee lowered the deposit rate to 20 percent, the lending rate to 21 […]

UN Expert Urge Rich Countries to Act to Halt Boat Deaths offshore Libya

A UN expert has called on rich Western countries to take in some thousands of the Syrian and sub-Saharan migrants to end the tragedies of boat disasters occurring in the Mediterranean Sea. The call was made as the EU leaders are convening an emergency summit in Brussels to discuss the migration crisis and consider all […]