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TODAY’S HEADLINES:

Commodities

United Arab Emirates Minister of Economy HE Sultan bin Saeed Al Mansoori offered the assistance of his government in locating Namibia’s underground oil reservoirs during a visit by Namibian Trade and Industry Minister Call...

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Ethiopia could earn up to $5bn a year from the mining sector and by tapping geothermal energy sources, according to a ‘Strategic assessment of the Ethiopian mineral sector’ commissioned by the country’s governm...

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Dubai’s Mara Group has finalised plans to establish a float glass plant in Nigeria, it was revealed at the recent 12th Mara Mentor ‘One-on-one interactive session’ in Abuja. According to Hetal Shah, country d...

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Somali troops backed by African peacekeepers have recaptured the last major port in Somalia held by the militant group Al Shabab, removing an awkward source of Gulf revenue from the rebels just a month after the death of Ahmed A...

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Emirates Global Aluminium (EGA) is planning to spend $3bn to build the UAE’s first alumina refinery by the end of 2017, after the completion of feasibility studies for a site in Abu Dhabi. EGA was formed last year throug...

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The UAE textile industry is the country's largest trading sector after oil, generating $17.5bn in revenue and creating numerous jobs, according to one trade expert, who also highlights the trend towards an ever increasing em...

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Investment Corporation of Dubai (ICD), an investment vehicle for Dubai’s sovereign wealth, has acquiring a 1.4% stake in Dangote Cement, Nigeria’s largest traded company by market capitalisation and the largest cemen...

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Kaloti Group, Dubai's biggest gold refiner, has proven that it is abides by international guidelines to prevent the underground trade in the metal following an independent audit held in response to damaging allegations made ...

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Emirates National Oil Company (ENOC) Africa, a Dar es Salaam-based subsidiary of a Dubai emirate-owned oil firm, has laid out plans to invest heavily in terminal and oil storage facilities in its East African home market, aiming...

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As the sixth generation of a family of diamantaires, and as the CEO of SBMH Group DMCC in Dubai, Serge Neiger is a man with his finger firmly on the pulse of the diamond trade, both out of Africa and flowing eastwards to the key...

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