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Ghana begins construction of $12b oil refinery
Ghanaian President Nana Akufo-Addo has launched the construction of a 300,000 barrel-per-day oil refinery in…
Egypt awards Maridive $17.8 million oil contract
Egypt's government rewards Maridive & Oil Service a one-year contract valued at $17.8 million to provide…
Egypt’s c.bank gives gold exporters 75-day payment relief
The Central Bank of Egypt (CBE) extended the grace period for gold exports to return export revenues to 75 days, up…
Vietnam posts $170m trade deficit in H1 – data
Vietnam recorded a trade deficit of nearly $170 million in the first half of July 2024, with exports at $16.26…
Japan’s machinery orders fall 6% in June – Cabinet
Japan’s machinery orders took a downturn in June, declining by six per cent compared to the previous month on a…
EU approves €5b aid for new microchip plant in Dresden
The European Commission on Tuesday approved, under EU State aid rules, a €5 billion ($5.5 billion) German measure…
Egypt replaces diesel with solar to power oil wells
The Egyptian General Petroleum Corporation (EGPC) has successfully launched several solar energy projects to…
Euro area construction output rises in June 2024
Construction production increased by 1.7 per cent in the euro area and by 1.4 per cent in the EU in June 2024,…
S. Korea’s consumer sentiment slumps in August – data
South Korea's Composite Consumer Sentiment Index (CCSI) weakened in August by 2.8 points to 100.8 from July.
China-Africa economic ties reach new highs – official
China has underscored its deepening economic and trade cooperation with Africa since the 2021 Forum on China-Africa…