Khat Echahid Polisario Not Legitimate Representative of the Sahrawis

Rabat – Khat Echahid, a group of Saharawi di^polssidents, has addressed the international community in a letter that challenges Polisario’s current standing on the world stage. The letter, Al Ahdath Al Maghribia reported, aims to discredit Polisario, contesting the separatist front’s right to represent Western Sahara at the UN-led negotiating table. The group’s letter comes as all stakeholders in the conflict prepare to attend a UN-monitored roundtable in Geneva on December 5-6. According to Khat Echahid’s letter, the most sustainable solution to the dispute is a sincere dialogue between Algeria and Morocco. The takeaway, as the group’s statement went on to say, is that Polisario is a pawn and does not carry the legitimacy to sit at the negotiating table. “Only Morocco and Algeria are qualified to de-escalate tensions and ultimately end the conflict,” according to the Sahrawi group.Read also : Foreign Ministry Announces Official Delegation for Western Sahara TalksCreated in 1973, the Polisario Front is a separatist group that has been calling for independence in Western Sahara. According to Khat Echahid, however, the front is only a small group of combatants usurping Sahrawis’ political rights and profiting off the status quo. “Polisario only represents itself,” the dissidents’ message asserted.They claimed that the front is not any more legitimate or popular with locals than Khat Echahid is. Should the international community decide to proceed with Polisario at the Geneva roundtable, Khat Echahid believes they should also be invited to participate.  Accusing the separatist front of periodically de-escalating tensions to catch the world’s attention by presenting themselves as freedom fighters, Khat Echahid invited the UN to dispatch “an independent observatory group in refugee camps [in Tindouf] to see that Polisario does not carry any legitimacy.” Polisario, they stressed, tells a biased and incomprehensive story of the situation in Western Sahara as they “wish to eternally benefit off the current status quo.” Khat Echahid has recently established itself as the most outspoken and vocal anti-Polisario “internal opposition party.” The group describes itself as “internal dissidents” or “opposition” and has been asking to be granted the same rights as Polisario on the global stage. read more

TSX adds to series of gains commodity prices mixed

Canada’s main stock market index was slightly higher Friday at the end of a positive week with the TSX powered higher by earnings news and positive manufacturing data from China.The S&P/TSX composite index edged up 12.59 points to 13,337.34, led by gains in energy companies and utilities.The Canadian dollar was down 0.16 of a cent to 95.76 cents US, down for a third day after the Bank of Canada removed its tightening bias and downgraded its economic forecast. The move led analysts to believe that interest rate hikes are off the table until 2015, leading the loonie to fall more than 1.25 cents this week.U.S. indexes were higher amid earnings reports after the close from Amazon and Microsoft while consumer giant Procter & Gamble posted results Friday.The Dow Jones industrials was ahead 21.03 points to 15,530.24, the Nasdaq ran up 16.84 points to 3,945.8 and the S&P 500 index rose 2.23 points to 1,754.3.Meanwhile, traders continued to take in economic reports that were held up during the partial U.S. government shutdown for more than half of October.The latest data showed that durable goods orders for September were up 3.7 per cent. Minus transportation orders, durable goods orders actually slipped 0.1 per cent.After the close Thursday, posted a quarterly loss of $41 million, or nine cents per share, matching analyst expectations. Revenue jumped 24 per cent $17.09 billion against expectations of $16.76 billion and its stock surged US$35.26 or 10.6 per cent to $367.47.Microsoft’s net income in three months through Sept. 30 grew 17 per cent to $5.24 billion, or 62 cents per share, from $4.47 billion, or 53 cents per share, a year ago. That beat the 54 cents expected by analysts. Revenue rose 16 per cent to $18.53 billion, also beating the $17.79 billion analysts were expecting and its shares were ahead $2.51 or 7.46 per cent to $36.23.On Friday, Procter & Gamble says its first-quarter net income rose eight per cent to $3.03 billion, or $1.04 per share. That compares with net income of $2.81 billion, or 96 cents per share, last year. Excluding one-time items net income was $1.05 per share, matching analyst expectations. Revenue rose two per cent to $21.2 billion. But analysts expected revenue of $21 billion and its shares slipped 53 cents to $80.08.It’s a quiet day for earnings out of Canada after a week that saw positive earnings reports from the likes of Teck Resources (TSX:TCK.B), Goldcorp (TSX:G), Canadian National Railways (TSX:CNR) and Canadian Pacific Railway (TSX:CP).CP was in focus Friday after its biggest shareholder sharply narrowed its position. Bill Ackman’s Pershing Square Capital Management has sold about a third of its holding in the railroad.CP, which reported a record quarterly profit on Wednesday, said the hedge fund has sold 5.96 million CP shares for about US$140.00 a share, bringing the total divestment so far to seven million shares.On Friday morning, CP shares gained 91 cents to C$148.86, which is more than triple their level when Pershing Square began building up its stake in the railroad.The beaten-down utilities sector led advancers, up 0.6 per cent. The interest-rate sensitive sector has been under selling pressure since June amid speculation over when the U.S. Federal Reserve may start to wind down its monthly US$85 billion of bond purchases. That speculation pushed U.S. government bond yields substantially higher from around 1.6 per cent in early May to almost three per cent.The benchmark U.S. 10-year Treasury yield has since backed away to about 2.5 per cent. Canadian Utilities (TSX:CU) climbed 47 cents to $37.70.Commodities were mixed with as December crude inched ahead 70 cents to US$97.81 a barrel and the TSX energy sector climbed 0.45 per cent. Suncor Energy (TSX:SU) gained 48 cents to $37.55.The TSX gold sector was down 0.18 per cent while December bullion faded $4.10 to US$1,346.20 an ounce. Goldcorp (TSX:G) dropped 72 cents to C$27.04.The base metals component gave back 0.25 per cent after gaining Thursday in the wake of data showing stronger than expected expansion in the Chinese manufacturing sector as December copper lost two cents to US$3.25 a pound. Teck Resources was 37 cents lower to $30.17.The tech sector was negative with CGI Group (TSX:GIB.A) down 72 cents to $35.17. A subsidiary, CGI Federal, was one of the main contractors for the U.S. government’s troubled healthcare insurance website and its shares have slid 8.5 per cent since Oct. 16. A congressional committee was told this week that the government didn’t allow enough time to test the system before it went online Oct. 1. read more