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Middle East & Africa


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 with 49 percent, Total LNG Nigeria at 15 percent and Eni at 10.4 percent.According to NLNG, two maritime agency boats on Friday "ordered that one NLNG vessel, LNG Imo, and one chartered vessel, Torm Thames, remain at NLNG's loading bay, whilst another NLNG vessel, LNG Oyo, remains outside the Bonny Channel until further notice."The agency "subsequently issued ship detention orders on 22nd June 2013, specifically detaining three NLNG ships (LNG Enugu, LNG Oyo, LNG Imo) ...

African palm oil makers hit back at global 'smear campaign' ABIDJAN: African palm oil producers are hitting back at what they say is a "smear campaign" against them by environmentalists and health activists that risks ruining their industry.Countering their increasingly vocal critics was the main aim of producers attending the first-ever African Palm Oil Congress, hosted by Ivory Coast's government in the economic capital Abidjan last week."For some time, the aggressive attacks against palm oil have been multiplying and they are degrading (the sector's) image," ...
Tunisia gets offers in tender to buy 75,000T wheat HAMBURG: The lowest offer in the tender from Tunisia's state grains agency to purchase 75,000 tonnes of soft milling wheat which closed on Tuesday was $274.68 a tonne c&f, European traders said.The offer was for "all or nothing" for optional origin for all shipment positions, traders said.This was followed by several offers of around or just over $275 a tonne c&f for individual shipment positions, they said.The tender sought grain for a range of shipment ...
Algeria wheat imports down in Jan-April: customs ALGIERS: Algeria's total wheat imports dropped 7.32 percent to 1.873 million tonnes but were up 11.5 percent in value in the first four months of this year, compared with the same period in 2012, official figures showed on Monday.Soft wheat purchases fell 4.7 percent to 1.526 million tonnes in the January-April period this year from 1.598 million tonnes in the same period a year earlier, according to customs data.The data showed durum wheat imports decreased ...
S.Africa's 2013 maize crop f'cast down to 11.44mn tonnes JOHANNESBURG: South Africa cut its forecast of maize output for 2013 to 11.44 million tonnes from a previous estimate of 11.562 million tonnes, saying dry weather earlier this year affected yields.The maize crop will consist of an estimated 6.026 million tonnes of white maize and 5.414 million tonnes of yellow, the government's Crop Estimates Committee said on Thursday.The harvest estimate is largely in line with market expectations of 11.45 million tonnes, according to a Reuters ...
Uganda coffee exports rise in April due to strong rains KAMPALA: Uganda's coffee exports are seen rising sharply in April to 270,000 60-kg bags from 141,220 bags during the same period last year, boosted by strong rainfall in key growing areas, the Uganda Coffee Development Authority (UCDA) said on Thursday."The crop in south western region is expected to be bigger than last year due to the favourable rainfall received," said a report by UCDA.The report also said UCDA is set to provide 20 million seedlings ...
Morocco state grain agency buys 178,000 tonnes local soft wheat RABAT: Moroccan state grains agency ONICL has bought 178,000 tonnes of loal soft wheat at 2,545 to 2,880 Moroccan dirhams ($290-$330) per tonne, a few days after issuing a tender to buy 160,000 tonnes of US durum wheat.Morocco has extended a freeze on a 17 percent import duty on soft wheat to April 31 to ensure a regular supply of the commodity to the domestic market after drought hit its local harvest last year. The ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln