David Schenker & Nasser Bourita in Dakhla Jan 10 2021

EU Shall not Recognize SADR even if it participates in the Euro-Africa Summit, EU Spokesperson affirms

The European Union has just inflicted a stinging blow to the Algeria-backed Polisario Front, when the EU spokesperson, Catherine Ray affirmed that “the EU shall not recognize the SADR even if it participates in the EU-Africa Summit”, scheduled to take place in Abidjan November 29 -30. “Any participation in this summit, as is the case […]

Sahara Conflict, a Cold War Relic Threatening Regional Stability

The recent incursions in the UN-monitored buffer zone in the Sahara territory by the Algerian-backed Polisario separatists triggered a firm response from Morocco, which declared that all options are now on the table including a military response. The Moroccan Foreign Minister Nasser Bourita is not mincing his words. At the UN, he met Antonio Guterres […]

Egypt’s Suez Canal Bank to pull out of Middle East Oil Refinery

The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]