Category: Foreign

Shipowners Seek Fluidity Of Trade Despite Brexit
February 3, 2020 No Responses

Shipowners Seek Fluidity Of Trade Despite Brexit

As the United Kingdom stopped being a member of the European Union on January 31, 2020, European shipowners have called on both UK and EU regulators to continue their close alignment when it comes to shipping issues.The European shipowners emphasized...
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Exxon Mobil Secures $332m Mediterranean deal
January 29, 2020 No Responses

Exxon Mobil Secures $332m Mediterranean deal

Egypt has signed two deals with Exxon Mobil Corporation  for oil and gas exploration in the Mediterranean, the petroleum ministry has said.The deals involve a minimum investment of $332 million, the ministry said in a statement. Exxon Mobil announced the....
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Union Bank To Divest From UK Subsidiary
January 28, 2020 No Responses

Union Bank To Divest From UK Subsidiary

Union Bank of Nigeria Plc has entered a share sale and purchase agreement to divest its 100% equity stake in Union Bank UK Plc. (UBUK).The Bank explained on Tuesday that the development is aligned with Union Bank’s strategy to geographically...
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NYK, Toyota, Others Seal Partnership On First Dedicated RoRo Terminal In Egypt
January 28, 2020 No Responses

NYK, Toyota, Others Seal Partnership On First Dedicated RoRo Terminal In Egypt

Japanese shipping company, Nippon Yusen Kabushiki Kaisha (NYK) will participate in a consortium that would set up and operate a dedicated automotive terminal at East Port in Egypt.On December 19, 2019, NYK and its partners Bolloré Africa Logistics and Toyota....
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Opinion: Extreme Events Are Reversing Development Goals
January 10, 2020 No Responses

Opinion: Extreme Events Are Reversing Development Goals

By Patricia Scotland, Commonwealth Secretary-General Cyclones in the Caribbean and Pacific, devastating bushfires in Australia, recurrent floods and droughts in Asia and Africa, increasingly bring tragic loss of life to our nations and communities, inflicting ...
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IPO: Saudi Aramco Raises $25.6b
December 6, 2019 No Responses

IPO: Saudi Aramco Raises $25.6b

State-owned oil giant Saudi Aramco has raised a record $25.6bn (£19.4bn) in its initial public offering (IPO)  in Riyadh. The share sale was the biggest ever, surpassing that of China’s Alibaba which raised $25bn in 2014 in New York. Aramco...
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Emirates Sets Aside $16b For 50 Airbus A350 Planes
November 18, 2019 No Responses

Emirates Sets Aside $16b For 50 Airbus A350 Planes

The Dubai-based Emirates Airline has ordered 50 Airbus A350 planes worth a total of 16 billion dollars.The company ordered an additional 20 jets during the Dubai Air Show, in addition to the 30 A350s that were announced earlier in the...
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Zimbabwe Suspends Importation Of Live Animals From South Africa
November 9, 2019 No Responses

Zimbabwe Suspends Importation Of Live Animals From South Africa

The Zimbabwe Government on Friday suspended the importation of live cloven hoofed animals and related products from South Africa with immediate effect following an outbreak of Foot and Mouth Disease (FMD). This is according to a statement issued on Friday...
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Continental Tyre Boss Emerges 2019 Africa MD
November 4, 2019 No Responses

Continental Tyre Boss Emerges 2019 Africa MD

Managing Director of Continental Tyre South Africa and Sub-Saharan Africa, Shaun Uys  has been selected as  2019 Africa MD  by Global 100.Global 100 is  an annual publication with a readership of over 293 000 industry leaders in 163 countri...
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NPA Photo News
November 1, 2019 No Responses

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (Middle) and The Executive Director, Marine and Operations, Dr. Sokonte Davies on her Left. German Ambassador, BirgittOry on her right, and the Consul General, Dr. Stefan Traumann, on her...
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Ghana To Ban Rice Importation
October 31, 2019 No Responses

Ghana To Ban Rice Importation

Ghana has set a target of three years for the country to put a stop to rice importation.This was disclosed by the Deputy Minister of the Ministry of Food and Agriculture, Kennedy Nyarko Osei.Osei said Ghana was working round the...
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Maersk Raises 2019 Profit Forecast To $5.8b
October 24, 2019 No Responses

Maersk Raises 2019 Profit Forecast To $5.8b

Danish shipping major Maersk has raised its expectations for 2019 profit based on the financials for the third quarter and the updated outlook for freight rates, volumes and bunker fuel prices for the rest of the year.The company said that...
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South African Airways Recalls Some Aircraft, Amends Flight Schedule
October 22, 2019 No Responses

South African Airways Recalls Some Aircraft, Amends Flight Schedule

South Africa’s cash-strapped national airline (SAA) said on Tuesday it may operate an amended flight schedule following a decision to recall some of its planes to undertake compliance checks in line with regulatory requirements.According to SAA, some of the ...
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British Ports Welcome Brexit Deal
October 18, 2019 No Responses

British Ports Welcome Brexit Deal

The British Ports Association (BPA) has reservedly welcomed the news that a Brexit deal was agreed on Thursday  between the United Kingdom and the European Union. Under the new deal, Northern Ireland will remain part of the UK’s customs territory...
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