Rabat – Ramadan in Morocco will begin on Tuesday, the Moroccan Ministry of Islamic Affairs and Endowment said in a statement on Sunday night.The Ministry said the committees in charge deciding the beginning of the month of Ramadan were able to sight the crescent of the holy month.Earlier on Sunday, several Muslims countries announced that Monday marks the beginning of Ramadan. Saudi Arabia, Qatar, Turkey, Indonesia, the United Arab Emirates, Kuwait, Jordan, Bahrain, Iraq, Yemen, Singapore, Malaysia, Australia and Jordan announced that Monday would be the of the holy month.The announcement made by the Ministry of Islamic Affairs and Endowment confirms the statement by the same ministry on Friday. In the statement, the competent authorities said that the calculated results of the administrative Calendar show that the crescent of the month of Ramadan 1437 AH will not be sighted on the evening of Sunday, Sha’ban 29, 1437 AH corresponding to June 5 2016.The Ministry has unusually announced the beginning of Ramadan with two hours of delay.Morocco relies on special committees across the country to monitor the sighting of the moon, in line with the Prophet’s saying: “Fast when you see the crescent and break the fast when you see it; if it is not apparent, then make the month of Sha’ban thirty days.” read more

Maxar Technologies Inc., the once-proud developer of the robotic arm used on U.S. space shuttles, hit a record low as the new year began where the old left off — with a continuation of bad news.The stock fell as much as 32 per cent Monday, the most intraday since October, after the company reported one of its imaging satellites, WorldView-4, failed, can’t collect images and “will likely not be recoverable.”A large chunk of the company’s near-term growth was dependent on WorldView-4, which will result in a loss of sales and potential earnings growth in 2019 and 2020, Raymond James analyst Steven Li wrote in a note. Meet the New York investor who’s making all the right calls in shorting Canadian stocks Space systems company Maxar sees shares crater on earnings miss Canadian space company makes $3 billion bet on satellite imagery market Maxar changed its named from MacDonald, Dettwiler and Associates Ltd. and its head office from Vancouver to Westminster, Colorado, after it completed the purchase of DigitalGlobe Inc. in 2017. The $3.1 billion (US$2.3 billion) deal was supposed to give the company access to lucrative government customers.But the stock has lost about 81 per cent of its value since the deal closed on Oct. 5, 2017. Short seller Spruce Point said the stock as a “strong sell,” then the company missed third-quarter earnings and has faced cash flow issues, even after amending its credit agreement. Maxar is carrying total debt of US$3.1 billion, according to data compiled by Bloomberg.The company’s business includes satellites, robotics, spacecraft systems, imagery and data and is perhaps best known for the space arm that was used on NASA space shuttles.Canadian investors were already selling the stock after the company recently concluded its incorporation to the U.S. and before the loss of the satellite, Li said. The company should see U.S. investors buying the stock, but that’s unlikely to happen right away to match the Canadian selling, he added.For Maxar then, it seems “when it rains, it pours,” according to Li.Bloomberg.com read more