Monday, December 10, 2018

A day of reckoning for fuel prices in the Gulf

QUEUES at the pumps were only a few minutes longer than usual. There was little evidence of stockpiling. Aside from minor grumbling, July 31st...

British firms still keen for deals despite global M&A slowdown

Research suggests companies are gaining confidence to make takeover bids Big companies still have the motive and means to embark on takeovers despite headwinds in...

Investing in Africa: Shedding the developed market mind-set

Excerpted from THE NEXT AFRICA: An Emerging Continent Becomes A Global Powerhouse by Jake Bright and Aubrey Hruby. Copyright © 2015 by the author...

Ethiopia looks to Ports in Kenya, Somaliland and Sudan to increase Imports and Exports

As part of a new national strategy, Ethiopia will begin using ports in Kenya, Somaliland and Sudan in order to increase trade volume. This...

Serious Fraud Office investigating oil firm Soma

Britain's Serious Fraud Office (SFO) has launched a criminal investigation into the British exploration firm Soma Oil and Gas, which has been searching for...

Ethiopia: NOC to Open Branch in Djibouti

National Oil Ethiopia (NOC) announced that it would soon begin the distribution of petroleum products in Djibouti. NOC Chief Executive Officer Tadesse Tilahun said, the...

United States loses sparkle as Europe shows signs of hope

Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs...

Flawless diamond sells for $22.1m in New York

A flawless 100-carat diamond has sold for $22.1m (£14.8m) at Sotheby's auction house in New York. The gem, originally mined by De Beers in South...

Why Singapore is putting its oil back into the ground

https://www.youtube.com/watch?v=6h5t6uQW2Yo The Jurong rock caverns in Singapore are defying the challenge of limited land space by creating a deep underground storage facility for the city-state's...

NIGERIA’S AUTO LANDSCAPE: FROM DUMPING GROUND TO MANUFACTURING HUB

Before 2013, Nigeria was Africa’s biggest market for tokunbos—the local name used to describe used cars shipped from Europe and the US. Vehicles (mostly...

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Erdogan believes European version of democracy failed

Turkish President Recep Tayyip Erdogan has said that the ongoing “yellow vests” protest movement reveals Europe’s failure in democracy, human rights and freedom, speaking...

Israel ‘advises’ Trump to boost Djibouti US military presence

The United States should boost its military presence in Djibouti and the region surrounding the Bab al-Mandab Strait to counter an increasingly assertive — and belligerent —...

Raila a strong voice in Somaliland’s bid for independence

Last Friday’s Somaliland’s Investment Conference in Nairobi may have proceeded unnoticed by many. However, unknown to most Kenyans, the event also served a major political...