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Saturday, August 24, 2019

COMMODITIES

Egypt’s non-oil private sector dips lower

Non-oil private sector activity in Egypt has dipped modestly in October 2018 and have touched their lowest levels, showed a survey. According to the Emirates NBD Egypt Purchasing Managers’ Index (PMI)...
Saudi Arabia, revamps, bankruptcy law, Vision 2030, economists, long term, economic, growth, Kingdom, comprehensive, reforms, Crown Prince Mohammed bin Salman,

Saudi bankruptcy law lays foundation for Vision 2030

Saudi Arabia’s comprehensive bankruptcy law has gone into effect last month, with economists saying the move will significantly impact long term economic growth in the country. The Kingdom’s first comprehensive bankruptcy law is one...
diplomatic ties, Ethiopia, Eritrea, Ethiopian, Eritrean, ship, peace deal, Abiy Ahmed, President, Isaias Afwerki,

Diplomatic ties strengthens between Ethiopia and Eritrea

Diplomatic ties between Ethiopia and Eritrea have resulted in boosting of economic ties between the two former foes. For the first time in two decades, an Ethiopian ship docked in an Eritrean port on Wednesday....
phosphate, exports, Greece, EU, economy, Syria,

Phosphate exports, a lifeline for the Syrian Regime

Phosphate imports by Greece from Syria could act as a lifeline to Syria. The country currently faces stringent international sanctions and is unable to fully benefit from its crude reserves. By importing the mineral,...

Industrial exports jumps to 6.6% to $1.79 billion

Industrial exports to the United States have touched $1.79 billion in the first five months of 2018, reads a report from Lebanon’s Government. According to Fadi Gemayel, the head of the Association of Lebanese Industrialists,...
syria women economy

Economic deal between Lebanon and Syria vital to their economies

In efforts aimed at making an economic deal with Syria, which could potentially also see an increase in the footprint of Lebanon’s exports, Raed Khoury, the country’s caretaker economy minister stated Lebanon must seek...
Ma'aden, Mining, Saudi Arabia

Ma’aden looks for potential overseas expansion through acquisitions

Ma’aden, the “largest mine” in the Arabian Gulf, is a “Saudi Arabian Mining Company”, which were looking to grow on an international scale in May 2018, especially in its “phosphate and fertilisers business”, whereby...
Alibaba, logistics arm, Cainiao, Emirates, Skycargo,

Alibaba inks supply chain agreement with Dubai

In efforts aimed at expanding and strengthening its supply chain, Cainiao, the logistics arm of Chinese multinational e-commerce giant, has chosen Emirates Skycargo to help with the shipments of its international cargo. The development also...
Egypt Sukaria gold mine

Egypt’s courting Australia to upgrade mining industry

Aussies most welcomed. Long-term projects are often initiated behind the scenes, and Egypt would like to go fast on upgrading mining industry. Two days ago, Egyptian petroleum minister Tarek El-Molla and Australian ambassador Neil...

U.S. requests OPEC to hike up oil production by “1 million barrels” daily

The government of the United States asked some of the oil producing countries of OPEC including Saudi Arabia to boost their daily production by “1 million barrels”, reported Bloomberg, whereby citing people who are...