CAIRO, June 17- Egyptian cement maker Tourah Cement, a subsidiary of Germany's HeidelbergCement, says it has suspended production because of financial distress caused by oversupply in the Egyptian market and is considering liquidation. "This extra capacity is more than the total consumption in one year of countries like Italy, Spain, Morocco or South Africa,"...
JUBA, June 12- The South Sudanese president has appointed a new petroleum minister, removing Ezekiel Lol Gatkuoth, the presidential spokesman told Reuters on Wednesday, but the reasons for the move were unclear. South Sudan gets almost all of its revenues from oil and has been boosting production as it struggles to rebuild its shattered economy from the...
Renewables could have a big role to play in Africa, and the planet's, future energy mix.
President Donald Trump's proposal to impose a tariff on all Mexican goods to push Mexico to halt a surge in illegal immigrants is likely to be challenged in court and will test the scope of the president's emergency powers. Trump dramatically intensified his quest to limit a wave of asylum seekers arriving at the U.S.- Mexico border, including families...
President Donald Trump's proposal to impose sweeping tariffs on Mexican goods to push Mexico to stop migrants from entering the United States is likely to prompt legal challenges, but is probably on firm footing under federal law, some legal experts said on Friday. Congress has for decades ceded its Constitutional authority to levy tariffs to the president,...
Gold prices rose on Friday and were set to post a weekly rise as the United States raised tariffs on Chinese goods, exacerbating fears of a global economic slowdown, while palladium surged more than 5% on technical buying and short covering.
KHARTOUM, May 4- Sudan is facing a pre- Ramadan fuel crisis and a worsening cash crunch less than a month after president Omar al-Bashir was ousted following protests sparked by bread and fuel shortages. Cars queued at almost every petrol station in Khartoum on Saturday as motorists waited for fuel for several hours. At least a dozen ATMs in a commercial area in...
KHARTOUM, April 27- Sudan has signed a deal for a $200 million loan from the Kuwait- based Arab Fund for Economic and Social Development, state news agency SUNA reported on Saturday. The loan would be used to support development projects in Sudan, SUNA said without giving further details. Sudan's economic crisis helped trigger mass protests that led to the ouster...
JUBA, April 26- South Sudan's oil exports have been disrupted after oil workers in the city of Port Sudan in neighbouring Sudan went on strike and joined widespread anti-government protests, a government spokesman said. South Sudan Information Minister Michael Makuei Lueth said an unknown quantity of oil had failed to be lifted in the Red Sea city, where...
LONDON, April 24- More than 40 million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and development organisation Pact said on Wednesday. Increasing demand for metals and rising prices have triggered a boom in small-scale mining in recent...
KHARTOUM, April 21- Saudi Arabia and the United Arab Emirates said on Sunday they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to the country's new military leaders after protests led to the ousting of president Omar al-Bashir. The aid comes amid wrangling between the Transitional Military Council and protesters and opposition groups...
KHARTOUM, April 21- Saudi Arabia and the United Arab Emirates said on Sunday they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to the country's new military leaders after protests led to the ousting of president Omar al-Bashir. But in a potential setback to efforts to form a new government, a coalition of protesters and opposition groups...
CAIRO, April 21- Sudan's central bank on Sunday strengthened the Sudanese pound to 45 pounds to the dollar from 47.5, state news agency SUNA reported. It said the measure coincided with the sharp rise in the price of the pound against the dollar on the parallel market. Saudi Arabia and the United Arab Emirates on Sunday said they had agreed to send Sudan $3 billion...
DUBAI, April 21- Saudi Arabia and the United Arab Emirates said on Sunday they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to its new military leaders after protests led to the ouster of President Omar al-Bashir. It is the first major publicly announced assistance to Sudan from Gulf states in several years. The two Gulf states have ties with...
DUBAI, April 21- Saudi Arabia and the United Arab Emirates have granted Sudan $3 billion in support, Saudi state news agency SPA said on Sunday.
KHARTOUM, April 18- The Sudanese pound strengthened sharply on the black market on Thursday, two traders and a businessman said, as imports dwindled amid the political chaos that led to the overthrow last week of president Omar al-Bashir. One businessman said the pound may have strengthened due to expectations of aid from the United Arab Emirates and Saudi...
KHARTOUM, April 18- The Sudanese pound strengthened sharply on the black market on Thursday, two traders and a businessman said, as imports dwindled amid the political chaos that led to the overthrow last week of president Omar al-Bashir. The military announced Bashir's removal on April 11 after months of protests sparked by food and cash shortages, and set up a...
*Sudan debt long frozen amid isolation from world markets. LONDON, April 12- In the hazy world of distressed debt trading, the fall of Sudan's autocratic ruler of 30 years, Omar al-Bashir, has sparked fresh interest among traders and holders of the country's long-defaulted debt. Apart from defaulting on payments from the early 1980 s onwards, Sudan was also subject...
*Sudan debt long frozen amid isolation from world markets. LONDON, April 12- In the hazy world of distressed debt trading, the fall of Sudan's autocratic ruler of 30 years, Omar al-Bashir, has sparked fresh interest among traders and holders of the country's long-defaulted debt. Apart from defaulting on payments from the early 1980 s onwards, Sudan was also subject...
*Sudan debt long frozen amid isolation from world markets. LONDON, April 12- In the hazy world of distressed debt trading, the fall of Sudan's autocratic ruler of 30 years, Omar al-Bashir, has sparked fresh interest among traders and holders of the country's long-defaulted debt. Apart from defaulting on payments from the early 1980 s onwards, Sudan was also subject...
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