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Dubai, Qatar stocks to outperform other emerging market peers
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| Dubai: UAE and Qatar indices may outperform their peers in the emerging market space, according to Mohammad Shabbir, head of equity funds & portfolios at Rasmala Investment Bank.
“Emerging markets on an average are down by a fifth, and ourRead More... |
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Dangote's Investments Stimulating African Economy, Say Tanzanian, Nigerian Presidents
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| President Muhammadu Buhari and his Tanzanian counterpart, Dr. Jakaya, Mrisho Kikwete, have described business mogul, Aliko Dangote, as Africa’s economic stimulant whose investments have sustain economic stability and standard of living on the ARead More... |
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Qatar's Wealth Fund said interested in Glencore Agriculture stake
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| Doha: The sovereign wealth fund of Qatar has joined investors expressing an interest in buying a minority stake in Glencore Plc’s agriculture business, according to three people familiar with the conversations.
The talks are preliminarRead More... |
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Angola: Conference On Maritime, Energy Security Starts Thursday
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| Luanda — The International Conference on Maritime and Energy Security (CISME) is scheduled to start Thursday in Luanda, sponsored by Angola, United States of America and Italy.
The event is meant to coordinate strategies and sharing inRead More... |
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Africa must partner for success
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| Access to energy services and energy security are two major key issues facing the Africa, where more than 600 million people do not have access to electricity or any other modern energy services.
“To guarantee energy access, we need toRead More... |
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UAE money rates hit multi-year highs
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| Money market rates in the UAE hit their highest levels in roughly two years on Tuesday as low oil prices slashed state oil revenues, leaving banks with less money to lend.
The economies of the rich Gulf Arab oil exporters have so far coped wRead More... |
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Uganda: Kenya Doubles Electricity Sales to Uganda Ahead of Rwanda Supply
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| Kenya has more than doubled electricity sales to Uganda and looks to start supplying Rwanda by year end following the injection of additional geothermal power into the national grid.
Official data shows that Kenya exported 26.56 million kiloRead More... |
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UAE's Islamic economy will move world to new economic stage: Gergawi
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| Mohammad Abdulla Al Gergawi, Minister of State for Cabinet Affairs, Chairman of The Executive Office, Chairman of the Centre for the Development of Islamic Economy, said the Global Islamic Economy Summit (GIES) would move the world to a new economic Read More... |
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South Africa: Renewable Energy a Catalyst for Development
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| Cape Town — Energy Minister Tina Joemat-Pettersson says renewable energy presents an opportunity for Africa to improve energy security, access and to mitigate the effects of climate change.
Briefing journalists shortly after opening thRead More... |
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Islamic banking sees more avenues for further growth
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| Dubai: Industry experts discussed challenges faced by Islamic economy and also opportunities available but emphasised that standardisation will help boost Islamic banking.
Islamic banking has been growing faster than conventional banking desRead More... |
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Tanzania: Power Supply to Improve October 20 - Tanesco
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| THE supply of power in the country will begin to improve by October 20, this year, as the anticipated gas pressure of 55 bars enabling Kinyerezi gas plant to be switched on has been attained, said the Managing Director of Tanzania Electric Supply ComRead More... |
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Beyonic exploits Mobile Accord's services to expand Africa business
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| NEW DELHI: To evade rampant use of cash in emerging African markets, Beyonic, headquartered in Nairobi, Kenya, will partner with Mobile Accord steering Beyonic to be the largest mobile money aggregator in Africa.
Beyonic currently operates iRead More... |
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UAE to invest $35b in green energy by 2021
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| Abu Dhabi: The UAE’s investments in green energy will reach $35 billion (Dh128.5 billion) by 2021 as the country aims to reduce its reliance on natural gas for power generation, according to Suhail Al Mazroui, the Minister of Energy.
SRead More... |
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African youths pivotal to agric business
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| The large and growing African youth population has been described as an incredible resource which needed to be tapped into to usher in a new era of economic prosperity in the fast growing agriculture and food sector. This assertion was made by Read More... |
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Glencore widens job cuts at South African mines
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| JOHANNESBURG (Reuters) – Miner and commodities trader Glencore <GLEN.L>, which is reviewing its operations in the face of a slump in commodities prices, announced more job cuts at its mines in South Africa on Thursday.
GugulRead More... |
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