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US lawmaker calls to halt military support for Saudi Arabia

October 27, 2017 Middle East Monitor 0

US Democratic Congressman Ro Khanna said he hoped a resolution could be passed that puts an end to US military support for Saudi forces in their war against Houthi rebels in Yemen. “We have to work to provide food and medicine to the Yemeni people, to end the Saudi siege and to invite other countries to provide assistance in providing these materials and medical staff,” Khanna said during an interview to be aired on Al Jazeera. “Yemen suffers from the biggest humanitarian crisis at present where about one million people suffer from cholera and seven million are on the verge of famine,” the Congressman said, adding that the second priority for the United States is to stop providing any assistance […]

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Sudan asks EU to support weapons collection campaign

October 27, 2017 Middle East Monitor 0

Sudan yesterday asked the European Union to provide political and technical support for a campaign to collect weapons from local residents and armed groups in Darfur which began two months ago. This came during a meeting between Sudanese Vice President Hasabo Mohamed Abdul Rahman and EU Ambassador in Khartoum Jean-Michel Dumond. The two officials discussed issues of “peace, combating human trafficking and drugs, and reducing tribal conflicts” the Sudanese news agency reported. “Collecting weapons, implicitly supports the fight against human trafficking and drugs and the reduction of tribal conflicts,” the Sudanese official is reported to have said. Read: EU offers $200m grant to Sudan After the meeting, Director of the European Affairs Department at the Sudanese Foreign Ministry Ambassador Khalid Musa […]

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(27 OCTOBER 2017)DAILY MARKET BRIEF 2:ECB meeting: Very loose monetary policy continues in 2018

October 27, 2017 MQL5: Traders' Blogs 0

The ECB meeting disappointed markets as they were expecting a more hawkish stance from the ECB. Even though it was priced in that the QE would be largely extended, the bond purchase program will now be extended until next September, the amount has only…

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(27 OCTOBER 2017)DAILY MARKET BRIEF 1:USD clicking on all cylinders

October 27, 2017 MQL5: Traders' Blogs 0

Today we will get US 3Q GDP read. On the balance softer retail inventories were offset by stronger wholesalers’ inventories which suggest that GDP should track near 2.8% q/q significantly above the market read of 2.6% q/q. Pending home sales were flat …

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Morocco slams Algeria remarks that it transports drugs

October 27, 2017 Middle East Monitor 0

The Moroccan government yesterday criticised statements made by Algerian Foreign Minister Abdelkader Messahel who claimed that the national airline, Royal Air Maroc, transports and sells cannabis in Africa. Moroccan government spokesman Mustapha El-Khalfi said: “The unacceptable, irresponsible and childish statements issued by the Algerian foreign minister … will not affect Morocco’s position in Africa or the world.” During a press conference held in Rabat, El-Khalfi said that his country’s position was “firm and decisive”, adding that the statements were mere false allegations. He pointed out that the Moroccan institutions which were attacked by the Algerian foreign minister will take the necessary steps to respond to the allegations. Read: Moroccan airlines respond to ‘slanderous remarks’ of Algerian minister On Friday, the Moroccan […]

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GBP/USD: pound drops against dollar after other currencies

October 27, 2017 MQL5: Traders' Blogs 0

On Wednesday, when a strong report on UK GDP for the third quarter was presented, the pound rose sharply in the foreign exchange market. Preliminary GDP of the UK, according to the data, in the third quarter increased by 0.4% (+ 1.5% in annual terms). …

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