Category: International Business & Finance
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Guyana has become a major driver of global oil supply growth
Data published by the U.S. Energy Information Administration this week showed that Guyana had the third-fastest production growth rate globally, after the United States and Brazil. Between 2019, when oil production began in the tiny South American country, and 2023, output grew at an average annual rate of 98,000 barrels daily, taking the total from…
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Analyzing the Impact of Sanctions on Russian Oil Tanker Operations
๐ท๐บ๐บ๐ธ Endless fascination surrounds the flow of water, the burn of fire, and Bloomberg’s diligent tracking of Russian tankers. Recently, Bloomberg highlighted what seemed a minor tempest, reporting that nearly every Russian oil tanker affected by sanctions has been idle for months. Currently, 40 such vessels are idle, with 21 owned by Sovcomflot. According to…
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๐ Exciting News! ๐ Registration is now OPEN for the 33rd ACI Africa Annual General Assembly, Regional Conference, Exhibition & Airshow!
๐ Scheduled for September 16-22, 2024, in Johannesburg, South Africa, this week-long event promises insightful sessions, engaging discussions, and unparalleled networking opportunities. ๐ซ This year’s theme is “Flying Together: Airport Collaboration and Partnerships,” highlighting the importance of unity and cooperation in the aviation industry. ๐ Don’t miss out on this opportunity to connect with over…
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Borrell : EU members will have to arrest Netanyahu after receiving an ICC warrant.
๐ช๐บโ๏ธ๐ฎ๐ฑ Josep Borrell on Tuesday commented on the ICC’s decision to issue arrest warrants for senior Israeli officials in connection with war crimes in Gaza. In his statement, he emphasized that, by law, all member countries of the European Union will have to assume obligations. He explained that as soon as Israeli Prime Minister Benjamin…
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Vivo Energy to invest over $550 mln in South Africa
๐ฟ๐ฆ Vivo Energy, a unit of global commodities trader Vitol, will invest an initial 10 billion rand ($550.79 million) in its South African operations following its merger with Engen, South Africa’s trade minister Ebrahim Patel said on Wednesday. Engen and Vivo Energy formally completed their transaction on Tuesday to combine their businesses, after regulators agreed…
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Sony Is Raising PS5 Prices Due to Inflation and Economic Pressures
The recommended retail prices will be increased in select countries across Europe, Africa, Asia-Pacific, Latin America, and Canada. Sony announced today that it is going to increase the recommended retail price of PlayStation 5 in select countries across several regions. The markets that will see the price raise include Europe, the Middle East, Africa (EMEA),…
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Threats against NGO leaders multiply as Georgia green lights โRussian lawโ for final vote
A decisive vote on Tuesday could see the final adoption of a law, dubbed the โRussian lawโ by critics, that targets civil society organisations and independent media in Georgia that receive foreign funding. For ten days now, the pro-Russian government in power in Tbilisi has made no secret of its intention to use force to…
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Be Early and Get the upcoming Airdrop
Be Early and Get the upcoming Airdrop https://sanc.tm/w?ref=DLJO3S Earn 10 EXP per minute for every 1 SOL worth of INF that you hold. The Sanctum team are OGs on Solana that have been building liquid staking on Solana since February 2021. We helped Solana Labs to build the SPL stake pool program (today, all but…
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Diplomatic dispute threatens Niger-Benin pipeline oil exports
๐ณ๐ช๐ง๐ฏ Diplomatic tensions escalate as Benin President Patrice Talon rejects Niger’s proposal to use its port for oil exports, citing Niger’s refusal to cooperate. Two weeks after oil production commenced at Sรฉmรจ Krakรฉ in Benin, Talon criticized Niger’s approach, emphasizing the importance of formal cooperation. Benin, a member of ECOWAS, previously faced threats of military…
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BANK OF AFRICA TEAMS UP WITH BANK OF PALESTINE TO BOOST ECONOMIC TIES
Moroccan banking conglomerate Bank of Africa has teamed up with Bank of Palestine to boost economic cooperation. The initiative aims to bolster sustainable development, financial inclusion and entrepreneurship in Palestine and Morocco, the organizations said. The partnership allows cross-participation, on a symbolic basis, through the acquisition of shares in the stock exchanges where these banking…
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