Just in:  

You are here: Home»Markets»Commodities»Middle East & Africa

Middle East & Africa


Heat and dry weather could threaten Ivory Coast cocoa mid-crop ABIDJAN: Hot, dry weather in Ivory Coast's main cocoa-growing regions last week could delay the April to September mid-crop, though rainfall was sufficient elsewhere, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is approaching the end of the mid-November to March dry season.At least one downpour a week until the end of the month will be required to encourage flowering, which then develops into small pods. In the coastal region of San Pedro, farmers bemoaned the lack of rainfall for the past few weeks. "It is hot and there is dryness in the bush," said Labbe Zoungrana, who farms on the outskirts of San Pedro. "The mid-crop will start late because of the intense heat and the lack of rainfall, which has killed lots of flowers on trees." In the western region of Soubre, in the heart of the cocoa belt, an analyst reported no rainfall in ...

Vietnam's January-February rice exports dip to 515,000 Tonnes HANOI: Vietnam's rice exports in the first two months of 2015 are estimated to have fallen 34.4 percent from a year ago to 515,000 tonnes, the government said on Thursday.Revenue from rice shipments in January-February is estimated at $237 million, down 35.6 percent from the same period last year, the government's General Statistics Office said in its monthly report.Vietnam, the world's third-largest exporter after Thailand and India, has projected to ship 7 million tonnes of ...
South Africa's Sibanye says H2 earnings down 60pc JOHANNESBURG: South African-focused Sibanye Gold reported on Thursday a 60 percent decline in second-half headline earnings per share because of impairments to some operations and the Rand Refinery as well as an additional tax payment.Copyright Reuters, 2015 ...
Zambia Sugar to spend $82mn on refinery to double output JOHANNESBURG: Africa's top cane producer Zambia Sugar plans to spend $82 million to construct a refinery that would double its annual refined production as well as make other factory improvements, the firm said on Wednesday. The unit of South African sugar producer Illovo said in a statement the refinery would more than double refined output capacity to around 100,000 tonnes, and likely be up and running by May of 2016.Zambia Sugar said the project would ...
Ezz Steel posts Q3 loss of 285mn Egyptian pounds CAIRO: Ezz Steel, Egypt's biggest steel maker posted a third-quarter net loss on Tuesday that widened to 285.38 million Egyptian pounds ($37.43 million) from 84.1 million a year earlier.The company said in a statement on the Egyptian bourse that third-quarter sales fell 4.6 percent to 4.62 billion versus 4.84 billion a year earlier.For the nine months to September 30, Ezz posted a net loss of 461 million versus a net profit of 218 million a ...
Ivory coast cocoa arrivals seen around 1,175,000 T by Feb 15 ABIDJAN: Cocoa arrivals at ports in Ivory Coast, the world's top producer, reached around 1,175,000 tonnes by Feb. 15 since the start of the season on Oct. 1, exporters estimated on Monday, up from 1,130,000 tonnes in the same period of the previous season. Exporters estimated around 34,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Feb. 9 to Feb.15 up from 14,000 tonnes during ...
Sharp drop seen in Ivory Coast mid-crop cocoa output SAN PEDRO: Output from Ivory Coast's April-to-September cocoa mid-crop could fall short of last year's harvest by as much as 130,000 tonnes due to harsh weather conditions and a drop in smuggling from neighbouring Ghana, farmers and exporters said. The world's top producer saw record output of around 1.7 million tonnes of cocoa last year. By Feb. 8, cocoa port arrivals had reached around 1,141,000 tonnes, according to exporter estimates, outpacing last year's levels for ...


Index Closing Chg%
Arrow DJIA 18,288.63 0.86
Arrow Nasdaq 5,008.10 0.90
Arrow S&P 2,117.39 0.61
Arrow FTSE 6,940.64 0.09
Arrow DAX 11,410.36 0.08
Arrow CAC-40 4,917.32 0.69
Arrow Nikkei 18,826.88 0.15
Arrow H.Seng 24,887.44 0.15
Arrow Sensex 29,459.14 0.33

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln