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Although Kenya continues to project a non-alignment stance on the Ukraine war, the East African nation sees Moscow as a key partner in trade and investment.
Did Nato Secretary-General Jens Stoltenberg just let the cat out of the bag?
On New Year’s eve in Yakutia with temperatures below -40C, all the city's taxi companies tripled their fares on the same day. “It was a cartel,” says Tomsky. So he set up a taxi app that allows users to negotiate prices.
Russia's oil product exports have slumped by 20% in February, marking the lowest level since May 2022, according to tanker tracking data reported S&P on March 2 in a note. Shipborne exports of crude, however, have held up well and remain robust.
RosStat reported an even milder contraction in Russia's GDP in 2022 than the most optimistic forecasts from all the economists that follow Russia on February 20. This has been the least painful of all the crises since the fall of the Soviet Union.
During unprecedented world monetary easing two years ago, operator LimakPort sold $360mn of 15-year eurobonds with a 9.50% coupon.
African nations boosted the import of Russian oil products, including the all-important diesel exports, in January ahead of the imposition of the latest round of sanctions on Russian oil products.
The oil market took a double shock on December 5 when an EU ban on importing Russian oil and an oil price cap scheme were introduced simultaneously. That was followed by a product ban on February 5. The jury is still out on if these will work.
Indoor vertical farms in Emerging European cities are replacing costly and polluting air imports to supply leafy vegetables for the region’s urban populations.
Croatia’s spectacular performance in the 2018 World Cup was accompanied by a consumer spending boom.
UAE-based property developer Eagle Hills will built the largest-ever superyacht marina in the Mediterranean at Albania’s port city Durres.
The polycrisis has eased off and the US Fed signalled that it will slow rate hikes as inflation appears to be peaking. That is good news for EM markets and investors have been buying high yielding debt as default fears abate.
The war in Ukraine has prompted new investment in green hydrogen to reach over $73bn as costs fall, making fossil fuel-produced hydrogen uneconomic as gas prices soar.
Oilserv, one of Nigeria’s largest oilfield services providers, is ready to participate in either of the two major natural gas pipeline projects that the national oil company (NOC) is considering.
Morocco’s central bank (Bank Al-Maghrib-BAM) has rejected an IMF proposal to make the national currency’s exchange rate ...
The United States Agency for International Development (USAID) will extend $2mn to support activities of agricultural and agribusiness cooperatives in Morocco hit hard by severe drought, higher ...
As the current rotating president of the European Union, Prague has convened a meeting of the long moribund EU Israel Association to try to boost EU links with the Jewish state.
Nearly 200 Azovstal soldiers were freed in the war’s largest prisoner swap on September 21. In exchange, Kyiv has given Moscow the Ukrainian oligarch and pro-Kremlin politician Viktor Medvedchuk and 55 Russian POWs.
As the climate crisis worsens, there is growing interest in building more eco-friendly places of worship.