02092016Tue
Last update: Tue, 09 Feb 2016 02pm

Middle East & Africa

Markets - Commodities - Middle East & Africa

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 rice this year. Last year exports via official channels totalled 6.38 million tonnes.Copyright Reuters, 2015 ...

Markets - Commodities - Middle East & Africa

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 ...

Markets - Commodities - Middle East & Africa

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 ...

Markets - Commodities - Middle East & Africa

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 ...

Markets - Commodities - Middle East & Africa

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 ...

Markets - Commodities - Middle East & Africa

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 ...

Markets - Commodities - Middle East & Africa

South Africa's Harmony Gold says Q2 production falls 10pc JOHANNESBURG: South Africa's Harmony Gold said on Monday gold production dropped 10 percent in its second quarter due maintenance and repairs breaks at two operations.The bullion producer also reported a headline loss of 496 million rand ($43 million) due to lower production and restructuring.Copyright Reuters, 2015 ...