Accra – Ghana is eagerly anticipating the launch of its state-of-the-art oil refinery facility in Tema, which is scheduled to commence operations by the end of August. The project, spearheaded by the Sentuo Group, represents a significant investment of $1.98 billion and promises to revolutionize the country’s energy sector. The Sentuo Group’s refinery is expected […]
In a bold move to address Nigeria’s fiscal challenges, President Bola Tinubu recently made the decision to remove fuel subsidies, which has resulted in a significant decline in fuel consumption throughout the country. According to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to Reuters news agency, average daily petrol consumption […]
New York/London – U.S. stocks continued their upward momentum on Thursday, fueled by further indications of easing inflationary pressures in the country. The S&P 500 index reached a 15-month high, rising 0.8%, while the tech-heavy Nasdaq Composite surged 1.6%. The positive market sentiment was driven by data showing that the producer price index rose less […]
Beijing, China – China’s central bank remains optimistic as it expects the country to avoid deflation this year despite recent declines in consumer prices. Liu Guoqiang, the deputy governor of the People’s Bank of China (PBoC), emphasized the importance of patience during the post-pandemic recovery phase and projected a rebound in consumer prices by August. […]
The US dollar is facing a critical breakdown against major global currencies as inflation cools, with experts predicting a sustained period of weakness for the greenback. The US Dollar Index, which measures the value of the dollar against a basket of major currencies, recently fell below its key support level of 100, indicating a potential […]
Saudi Arabia and Russia, the world’s largest oil exporters, have announced additional oil production cuts. The decision aims to stabilize oil prices, which have faced high market volatility in recent times. Saudi Arabia, a prominent member of the Organization of the Petroleum Exporting Countries (OPEC), declared its extension of a voluntary oil production cut by […]
Photo credit : soontimes By: Montel Kamau Serrari Financial Analyst 13th July 2023 Karachi, Pakistan – Pakistan has successfully received the first tranche of $1.2 billion from the International Monetary Fund (IMF) as part of a $3 billion bailout package aimed at stabilizing its ailing economy. This significant development comes after the IMF’s board approved […]
Berlin, Germany – In a significant development for Sino-German economic relations, China’s Minister of Commerce, Wang Wentao, held meetings with top German business leaders to discuss the two countries’ trade cooperation and address concerns regarding the concept of “decoupling” from China. Wang emphasized China’s commitment to improving the domestic business environment for all international enterprises, […]
In a significant milestone for water security and community development in Kitui County, more than 2,500 residents have gained access...
Indian exports to the United States have experienced a dramatic downturn, plummeting by 37.5 percent over a four-month period following...
In a significant move to strengthen bilateral development cooperation, the Abu Dhabi Fund for Development (ADFD) has formalized a landmark...
The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has committed a comprehensive $62.5...
