mauritania-festival

Biden Administration maintains recognition of Morocco’s sovereignty over Sahara

US Acting Assistant Secretary of State for Near Eastern Affairs, Joey Hood, said Biden administration maintains recognition of Morocco’s sovereignty over the Sahara. “There is no change in the US position,” he told reporters in Rabat Wednesday following talks with Foreign Minister Nasser Bourita. Hood reiterated support for a UN solution to the Sahara issue […]

Morocco’s central bank buys back excess hard currency in local forex market

Morocco’s central bank has bought $471 million of excess foreign currency from the local market to absorb excess and ensure the good functioning of the market. The central bank said in a statement that it will maintain hard currency auctions as long as necessary depending on the evolution of the foreign exchange market. In recent […]

Libya: Zeidan addresses eastern independent oil sales intention

The Libyan government is running out of patience with protesters who have laid siege on main ports and are now threatening to sell oil independently. Prime Minister Ali Zeidan has warned that the government will use all the force it has without any reservations if such attempts are made. Oil production and exportation is Libya’s […]