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'DME Auctions' launched to enhance spot commodities trading
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| The Dubai Mercantile Exchange (DME) on Tuesday announced the launch of ‘DME Auctions’ - a new platform that will provide a transparent spot commodity auction system for the first time in the Middle East.
The launch of DME Auctions will pRead More... |
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Low-cost airlines confront national carriers in Africa
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| Before Fastjet launched low-cost flights between Harare and Dar es Salaam last year, Zimbabwean businessman Jonathan Jabangwe had to brave a hair-raising, three day bus journey to meet his clients in Tanzania.
Fastjet is among a wave oRead More... |
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Africa-Japan Business Forum Flourishes Economic Relations
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| "Africa is a continent whose time has come and while the opportunities are almost self-evident and tangible, they are there primarily for those who are ready to seize them," FDRE Prime Minister Hailemariam Desalegn.
"The Japanese business meRead More... |
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Ethiopia opens Sub-Saharan Africa's first tramway
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| ADDIS ABABA — Sub-Saharan Africa’s first modern tramway opened in the Ethiopian capital on Sunday, marking the completion of a massive Chinese-funded infrastructure project hailed as a major step in the country’s economic developmenRead More... |
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41 new stations to process e-Gas cards
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| Adnoc Distribution has announced that 41 additional service stations in the emirate of Abu Dhabi will now receive and process customer applications for Rahal e-Gas cards, ahead of the September 8 deadline for submission of applications to benefit froRead More... |
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Qatar group plans hypermarkets across all emirates in UAE
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| Qatar-based supermarkets and hypermarkets Saudia Group aims to set up major retail outlets across all the emirates over the next five years, said its managing director.
The group has opened Dh80 million Kenz Hypermarket in the UAE in the emiRead More... |
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Africa: Smile Telecoms Raises $365m to Firm Africa Business, Plans DR Congo Entry
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| African mobile Internet firm Smile Telecoms has raised $365 million to fund the expansion of high-speed broadband networks, it said on Tuesday, the latest firm to jockey for a position in the continent's fast-growing mobile consumer market.
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Business activity accelerates in Dubai's private sector
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| Dubai's private sector, rebounding from July's 40-month low, recorded robust expansion in August with the rate of new business activity growing the fastest since March, the latest survey by Emirates NBD revealed on Wednesday.
However, despitRead More... |
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Gulf oil ministers set to discuss crude market
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| Gulf oil ministers are due to meet this week in Qatar for an annual meeting, in the first gathering by the heavyweight crude producers since the latest slide in oil prices.
But while the price drop is not on the agenda for the scheduled meetRead More... |
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Contrasting Germany, China data lifts stocks
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| Shares rose in Europe and Asia on Tuesday after trade data from China and Germany highlighted the divergent outlooks of the two heavyweight economies.
China said its imports fell far more than expected last month, adding to concerns about thRead More... |
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Tanzania: Power Blackout as Gas Pipeline is Connected
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| Many parts of the country connected to the national grid will experience electricity blackout on Monday as all gas-powered turbines will be switched-off to pave way for connection of the new natural gas pipeline from Mtwara.
The Tanzania EleRead More... |
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UAE government to see surplus in budget in 2016, 2017
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| Abu Dhabi: Though the UAE government is expected to face a 2.9 per cent budget deficit in 2015 on the back of lower oil prices, the next year is projected to see a 0.2 per cent [budget] surplus while 2017 will see a 1.5 per cent surplus.
AccRead More... |
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Ethiopia: Libya Oil to Expand Its Investment in Ethiopia
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| Libya Oil Ethiopia Limited, a subsidiary company of the Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia.
Two weeks ago the corporate management of Libya Oil Holdings held a week long meeting at Hilton Addis Ababa. The seRead More... |
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Freelancing in UAE: 3 stumbling blocks, 1 winning strategy
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| The number of freelancers in the UAE and across the world shot up during and after the 2008 economic slowdown, when several took to part-time work as a solution to help foot the bills as companies scaled back on full-time opportunities.
SincRead More... |
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Egyptian pound remains steady
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| Egypt's central bank kept the pound steady at a dollar sale on Sunday, selling $37.8 million at a cut-off price of 7.7301 pounds per dollar, unchanged from Thursday.
The central bank had kept the pound at 7.5301 for five months until July, wRead More... |
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