Core Viewpoint - Aya Gold & Silver is investing approximately $60 million in Morocco for the exploration and development of two mining projects, driven by the favorable market conditions for precious metals like gold and silver [1] Group 1: Investment Plans - The company plans to invest around $60 million in the Zgounder Silver Mine and the Boumadine Polymetallic Project in Morocco [1] - The Zgounder Silver Mine is expected to produce approximately 4.82 million ounces annually by 2025, with a drilling program of about 20,000 meters planned for 2026 to identify high-quality ore locations and enhance production potential [1] - The Boumadine project is projected to yield around 2.3 million ounces of gold and 69.8 million ounces of silver over the next 11 years, along with by-products like zinc and lead, with a drilling program of approximately 200,000 meters planned for 2026 to improve resource estimates and exploration accuracy [1] Group 2: Market Conditions - The favorable trends in precious metal prices are enabling the company to accelerate its exploration and development plans in Morocco [1] - The investment is expected to support future growth in ore production and extend the lifespan of the mining operations [1]

Core Insights - The World Bank's "B-Ready 2025" report indicates that Morocco scored 63.44 out of 100, ranking second in the West Asia and Africa region, reflecting substantial progress in its business environment [1] - Despite the overall positive performance, there are still factors limiting the potential for growth, such as uneven law enforcement and slow digitalization [1] Regulatory Framework and Public Services - Morocco received high scores in regulatory framework and public services, indicating strengths in these areas [1] - However, operational efficiency remains inadequate, with issues such as inconsistent legal enforcement and weak competition law implementation [1] Investment Climate - Morocco has advantages in business establishment and international trade, but its attractiveness to foreign investors is affected by international competition [1] - Investors are increasingly focused on macroeconomic indicators, national stability, market environment, and dispute resolution capabilities, suggesting that Morocco needs to enhance its international image and promote its economic intelligence [1]

阿拉伯国家2025年钢铁总产量达4373.8万吨，同比增长7.2%。其中，埃及1064.5万吨，位居首位；阿尔 及利亚533万吨，增长17.9%；利比亚111.6万吨，增长28%；突尼斯7.7万吨，增长5.5%。 摩洛哥Barlaman网站1月28日报道，阿拉伯国家钢铁业发展行业数据显示，摩洛哥2025年钢铁产量达 150.8万吨，同比增长6.6%。 ...

Core Insights - Mauritania's agricultural sector has shown a significant growth of 27% in the 2025 autumn agricultural season compared to the previous season and the average of the last five years [1] Group 1: Rice Production - The national rice production reached approximately 229,400 tons, marking a 27% increase from 180,300 tons in 2024 and a 41% increase from the five-year average of 163,000 tons [1] - The Trarza region led in total production with 206,000 tons, reflecting a growth rate of 20%, while the Gorgol and Brakna regions produced 13,200 tons and 10,100 tons, with growth rates of 32% and 14% respectively [1] Group 2: Cultivation Area - The area dedicated to rice cultivation increased to 48,800 hectares, which is a 9% rise from 2024 and a 24% increase compared to the five-year average [1] - Trarza province accounted for the largest share of the cultivated area at 43,700 hectares, while Gorgol and Brakna provinces had areas of 2,599 hectares and 2,533 hectares respectively, with varying growth rates [1] Group 3: Yield per Hectare - The national average yield reached 4.70 tons per hectare, which is a 17% increase from 2024 and 14% higher than the five-year average [1] - Gorgol province recorded the highest yield at 5.08 tons per hectare, followed by Trarza and Brakna provinces with yields of 4.72 tons and 4 tons respectively [1]

Core Viewpoint - Mauritania has announced the launch of a satellite communication license bidding process aimed at expanding nationwide internet access and improving digital infrastructure [1] Group 1: License Types - The bidding covers two types of licenses: one for geostationary orbit (GEO) satellite operators to provide direct services to consumers, and another for companies to sell satellite capacity to various operators and public/private entities without direct consumer engagement [1] Group 2: Digital Access Improvement - This initiative is a significant step towards narrowing the digital divide and enhancing internet access in remote areas of Mauritania [1] - Despite a mobile phone network coverage rate nearing 97%, the internet usage rate in Mauritania was only about 37% in 2023, highlighting a pronounced issue of uneven digital access [1] Group 3: Market Participation - The bidding process is expected to attract participation from low Earth orbit (LEO) satellite operators, such as Starlink, with the goal of officially launching satellite communication services by 2026 [1]

据哥伦比亚《共和国报》1月27日报道，厄瓜多尔环境与能源部长曼萨诺 表示，厄政府已将哥原油过境运输费上调900%，相关费用已由每桶3美元提高 至30美元，并自1月23日起生效。哥矿能部长帕尔马表示，厄一方面强调打击 毒品贩运的必要性，另一方面却以新的借口加剧地区政治紧张局势。厄方单方 面、任意提高原油过境运输价格，违反了既有承诺，受影响最大的将是小型原 油生产商。帕尔马表示，哥政府已召集石油行业相关协会，研究在新的物流条 件下继续运输和出口原油的替代方案，以维护国家利益。哥贸工部长莫拉莱斯 表示，政府正出台新法令，拟对来自厄的其他产品征收30%关税，与此前已征 税的23种商品一并生效。 （原标题：厄瓜多尔将哥伦比亚原油过境运输费上调900%） ...

巴西《经济价值报》国际版1月22日报道，根据巴西棉花生产商协会（ABRAPA）发布的2025/26年 度展望报告，该年度巴西棉花种植面积预计为205.2万公顷，较2024/25年度下降5.5%；棉花产量预计达 382.9万吨，同比下降9.9%。与此同时，巴西国家供应公司（CONAB）在同期发布的第四次作物收成预 测报告中指出，2025/26年度棉花种植面积预计为202.6万公顷，较上年减少2.8%；产量预计为381.8万 吨，同比下降6.3%。ABRAPA执行董事马尔西奥·波托卡雷罗分析指出，全球棉花供应持续过剩、国际 原油价格走低以及国内持续处于高位的基准利率，共同加剧了棉农的生产成本压力与收益不确定性，从 而促使农户主动调减棉花种植规模。此外，ABRAPA数据显示，2026年巴西棉花出口量预计达320万 吨，同比增长13.0%。 （原标题：2025/26年度巴西棉花产量预计下降10%） ...

据阿拉伯贸易网1月23日报道，阿布扎比哈利法经济区（KEZAD）集团正式推出"金属园区（Metal Park）"，这是全球首个"按需成长"模式的金属产业生态园区。项目占地45万平方米，投资4.3亿迪拉 姆，已全面投入运营，目前已有27家企业入驻。园区通过共享基础设施、物流和专业服务，帮助企业降 低前期投资压力，并依托KEZAD与阿布扎比港口集团的一体化物流网络，提升从生产到出运的整体效 率。 （原标题：阿布扎比哈利法经济区推出"金属园区"） ...

Group 1 - The Italian Chinese Chamber of Commerce held its annual meeting in Milan on January 23, 2026, with over 100 attendees including representatives from member companies and officials from the Chinese Embassy in Italy [1][3] - The meeting featured a keynote speech by Counselor Luo Jin, who discussed China's economic development achievements and the positive momentum in China-Italy economic and trade cooperation [3] - Counselor Luo encouraged Chinese enterprises in Italy to comply with regulations, adapt to environmental changes, and continue to contribute to local society while deepening China-Italy economic relations [3] Group 2 - The Chamber's President Cheng Xuan presented the work plan for 2026, while Secretary-General Wang Hong reported on the activities and achievements of the Chamber in 2025 [1][3] - Counselor Luo acknowledged the Chamber's progress over the past year and urged it to enhance its internal development, improve service levels, and strengthen its role as a bridge and think tank for promoting bilateral economic cooperation [3]

Core Insights - The rapid development of Brazil's corn ethanol industry has significantly increased the production of corn distillers grains (including DDG and DDGS) [1] Group 1: Corn Production and Ethanol Industry - Brazil, as the world's third-largest corn producer, is projected to reach a corn production of 136 million tons in the 2024/25 season [1] - The country's corn ethanol production is expected to rise from 400 million liters in 2017 to 7.5 billion liters by 2024, with corn consumption for ethanol production increasing from 950,000 tons to 17 million tons during the same period [1] Group 2: Distillers Grains Production and Export - Brazil's production of corn distillers grains is forecasted to grow from 1.2 million tons in the 2019/20 season to 4.2 million tons in the 2024/25 season, representing a 256% increase, with approximately 79% used for domestic consumption [1] - Exports of corn distillers grains, which were minimal from 2017 to 2021, began to expand in 2022, with Brazil exporting 791,000 tons valued at $11.8 million to 21 countries and regions in 2024, with Vietnam being the largest market [1] - Brazil has signed a memorandum of understanding with China to promote the export of corn distillers grains to China by May 2025 [1]