Morocco’s Permanent Representative to the UN, Omar Hilale, underlined before the 4th Committee of the UN General Assembly that Algeria’s role in the Sahara conflict is “irrefutable”, saying that “Algeria’s primary responsibility in creating and maintaining the regional dispute over the Moroccan Sahara is proven at all political, diplomatic, military, legal and humanitarian levels. Whether […]
The London-based Xtract Resources Company has announced it obtained a 10-year mining license for the Amghas antimony project in northwest Morocco, marking a major step toward near-term production. In parallel, the Company has begun relocating existing processing plant infrastructure from Casablanca to Amghas, while Wildstone SARL (“Wildstone”), Xtract’s 80%-owned venture, finalizes documentation for a processing […]
Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]
