Most Middle Eastern markets closed higher on Monday, with
Saudi Arabia gaining on support from Saudi Aramco, while Qatar bucked the trend
on news it had delayed choosing partners for the world's ...
A magnitude 5.8 earthquake hit near southern Iran's Qeshm island in the Gulf on Sunday, the official IRNA news agency reported, but a local official said there were no reports of casualties and only minor damage. "So far, there has been no loss of life reported," the governor of Qeshm, Alireza Nasri, told IRNA. "The damage to buildings has been at the level of cracks in walls."
Most major Gulf stock markets fell in early trade on Sunday, with Saudi Arabia pulled lower by losses in Saudi Aramco and banking shares, while Abu Dhabi was up in response to positive corporate earnings. Saudi Arabia's benchmark index inched down 0.2%, led by a 0.8% fall in Saudi Aramco. The oil giant said on Friday it would report 2019 full-year results on March 16.
* Draft law circulating, split into two bills. * Expected to be presented next week. * "Operators in Nigeria are waiting" - Total. By Libby George. A Nigerian oil reform two decades in the making is urgently needed to get money into its energy sector, industry executives say, as tax increases and regulatory uncertainty scupper investments.
South African President Cyril Ramaphosa said on Thursday that a restructured South African Airways should be commercially sustainable and not dependent on further government funding.
Kenya's shilling is expected to weaken against the dollar in the next week, while Uganda's will be stable, traders said. KENYA. The Kenyan shilling is seen under pressure in the coming week due to increased dollar demand from merchandise importers and some multinational companies, traders said.
Most major Middle Eastern stock markets
closed lower on Wednesday with Qatar and Dubai dragged down by a
slew of poor earnings, while financial shares fuelled Sa1udi
Arabia's gains.
Egypt's population reached 100 million people on Tuesday, the official statistics agency CAPMAS said, putting more pressure on the government which sees the population boom as a threat to its economic reform plans. The country's 100 millionth person was recorded on the agency's digital counter in eastern Cairo and on its website.
Despite the significant upheavals in the Nigerian e-commerce sector amid a series of potential investor apathy-inducing developments in 2019; the industry had a shining light in the activities of a local player, Konga.Co-Chief Executive Officer, Prince Nnamdi Ekeh disclosed that Konga went a long way in restoring investor and customer confidence in the Nigerian e-commerce sector.
Egypt's net government debt issues increased by nearly 12% in the first half of the 2019-20 fiscal year to 513 billion Egyptian pounds from 460.1 billion in the same period a year earlier, a finance ministry report showed. The government expected to increase its domestic borrowing in the 2019-20 budget which started in July by 45% to 725.156 billion pounds.
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