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Middle East & Africa


Syria receives only one offer in tender for white sugar ABU DHABI: Syria has received only one offer in its tender seeking 276,000 tonnes of white sugar, a source at the Syrian state agency looking to close the deal said on Sunday."No results have been announced yet but we are looking to close a deal, we have received only one bid," the official at the General Foreign Trade Organisation told Reuters.The tender, which closed on Aug. 13, was seeking sugar packed in bags for shipment within 150 days after the opening of a letter of credit for the tender winner.It was the second time the agency had sought the same amount of sugar after it failed to buy any sugar in a similar tender that closed July 16.The official would not say when results for the tender would be announced.Syria is looking to tap frozen bank accounts abroad to pay for the sugar.Several Syrian government agencies have issued tenders in ...

South Africa's net reserves rise to $45.176bn in July JOHANNESBURG: South Africa's net gold and foreign exchange reserves rose in July to $45.176 billion from $44.604 billion in June, data from the Reserve Bank showed on Wednesday.Gross reserves were higher at $47.319 billion from $46.979 billion in June while the forward position, which represents the bank's unsettled spot or swap transactions, was up at $4.245 billion from $4.157 billion in June. Copyright Reuters, 2013 ...
Kenya says tea export volumes unaffected by Egypt unrest MOMBASA: Kenya's tea market regulator said political instability in Egypt, one of the biggest buyers of Kenyan tea, has not affected sale volumes due to interest from other markets and better-than-expected weather.Egypt, which typically accounts for about 20 percent of Kenya's total tea exports, has been convulsed by months of political protests and violence..Tea is a major source of revenue for Kenya, the world's leading exporter, bringing in 112 billion Kenyan shillings ($1.3 billion) last ...
Iraq oil exports fall on weather, sabotage BAGHDAD: Iraqi oil exports fell in June for the second month in a row as poor weather hit southern ports and saboteurs damaged a key pipeline, the oil ministry said Monday.Iraq exported 69.8 million barrels of oil in June at an average rate of 2.32 million barrels per day (bpd), down from 76.9 million barrels and 2.48 million bpd in May.Average oil prices were $97.4 per barrel, meaning the country took in $6.799 billion from ...
Algeria seeks barley for October shipment: traders PARIS: Algeria's state grains agency OAIC has launched a tender to buy 50,000 tonnes of optional-origin barley for shipment in October, European traders said on Wednesday.The deadline for bids is on Thursday, July 18, they said.In its previous barley tender, Algeria bought 150,000 tonnes for shipment in August and September.Copyright Reuters, 2013 ...
Egypt's GASC seeks wheat for Aug. 10-20 shipment CAIRO: Egypt's main wheat-buying agency, the General Authority for Supply Commodities (GASC), set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment Aug. 10-20.The first international wheat tender by GASC since February comes amid a deep economic and financial crisis following two years of political turmoil that has eroded the country's hard currency reserves and made it difficult to arrange payment for needed food and fuel imports.Copyright Reuters, ...
Nigerian LNG exports blocked over tax dispute LAGOS: Maritime authorities have halted liquefied natural gas exports from Nigeria due to a dispute over fees and taxes, blocking ships at a facility producing some seven percent of global LNG supply, officials said Monday.The maritime agency began blocking ships at the Nigeria LNG (NLNG) terminal late Friday afternoon over the long-running dispute and the situation was unchanged on Monday, a spokesman for the agency said.NLNG's shareholders include Shell at 25.6 percent, state firm NNPC ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln