Oil hits 5-month peak on early Thursday trade following OPEC+ decision
Oil surged to approach a five-month peak following OPEC+'s decision to uphold current production cuts until the end…
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OPEC+ keeps output policy unchanged
OPEC+ ministers kept output policy unchanged due to the oil market aligning with the group's preferences,…
Egypt to purchase LNG to curb potential summer shortage
Egypt has initiated the purchase of liquefied natural gas (LNG), a notable departure for the typically exporting…
Kenya’s c. bank keeps rates at 13%
Kenya's central bank decided to maintain its benchmark lending rate at 13.0 per cent on Wednesday, as per a MPC…
BofA revises ’24 Brent, WTI oil price forecasts
Bank of America's (BofA) Global Research has revised its 2024 Brent and WTI oil price forecasts, citing heightened…
EGX ends mixed on April 3rd
Egypt’s stock exchange (EGX) closed mixed on Wednesday, with the main index, EGX30 going up by 0.01 per cent to…
UAE’s Lunate acquires 40% in ADNOC pipelines
Lunate, an Abu Dhabi-based alternative investor, acquired a 40 per cent stake in ADNOC assets from BlackRock and…
Zambia in talks to restructure $3.3b of commercial debt
Zambia is in talks to restructure $3.3 billion of commercial debt, following a recent agreement with overseas…
Adenia secures $470m Africa-focused fund
Adenia Partners Ltd., a private equity firm, has secured its largest Africa-focused fund, amassing $470 million,…
UAE’s non-oil private sector sees robust growth in March
UAE's non-oil private sector saw robust growth in March, driven by a surge in new orders, despite challenges like…