Wednesday, December 13, 2017

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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Paul Pogba says he rejected Real Madrid before Manchester United transfer

Paul Pogba says he was the subject of interest from Real Madrid before he decided to sign for Manchester United. The former Juventus midfielder, who...

Le Monde: Somaliland, the lessons of a ghost country

The former British protectorate (Somaliland), self-proclaimed independence of Somalia in 1991, has not been recognized by any state but tries to consolidate the exercise...

Pentagon foresees at least two more years of combat in Somalia

Amid its escalating campaign of drone strikes in Somalia, the Pentagon has presented the White House with an operational plan that envisions at least...