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Libya to resume Zueitina oil exports as force majeure ends TRIPOLI: Libya's National Oil Corporation is to resume exports from Zueitina port after declaring an end Tuesday to a force majeure imposed on the terminal blocked by rebels for nine months."NOC has announced the lifting of the state of force majeure at the port of Zueitina" which has an export capacity of 100,000 barrels per day (bpd), the company said on its website.The measure was imposed in August to clear NOC of any liability for failure to honour contracts.Its removal comes three weeks after the Libyan army said it had taken control of Zueitina and Al-Hariga ports, ending a crippling nine-month blockade by autonomy-seeking rebels.Renewed exports will restore a much-needed revenue stream for Libya's weak central government after the 2011 armed uprising that ended Moamer Kadhafi's four-decade rule.The rebels' seizure of four eastern oil terminals last July in pursuit of their campaign for restored autonomy for the eastern Cyrenaica region ...

South African stocks rise, tracks global markets JOHANNESBURG: South African stocks rebounded slightly on Friday, tracking global markets which were upbeat on steady US jobs growth.Food producer Pioneer Foods shares rocketed up to 6.8 percent at 89.67 rand after it said it expected earnings for its first half to more than double.The US labor market - which traders from Johannesburg to Jakarta track - emerged surprisingly strong from a severe winter, with employers hiring at a brisk pace and the jobless rate ...
Maintenance to halt Nigerian Okwori crude oil exports LONDON: Nigeria is scheduled to export no cargoes of Okwori crude oil in May due to maintenance work, a trading source said on Monday, reducing supplies from Africa's top exporter. Okwori is a relatively small stream and April's schedule shows exports of two cargoes of 650,000 barrels each, or 43,000 barrels per day (bpd), a fraction of Nigeria's total planned April shipments of 1.86 million bpd. Unipec, the trading arm of China's Sinopec, markets Okwori ...
South Africa's stocks bounce JOHANNESBURG: South African stocks ended in the black on Tuesday led by e-commerce giant Naspers and after a resurgence by gold and platinum shares. The spot gold price was up by about 1 percent as markets fret about a slowdown in China's economy and that the Ukrainian crisis would dampen investor appetite for risky assets. Platinum has also remained firm since hitting a six-month high of $1,486.00 an ounce last week. Miners of the precious ...
Nigeria stock exchange seeks advisers for public listing LAGOS: Nigeria's stock exchange plans to appoint financial advisers to guide it through the process of becoming a publicly listed company, it said on Tuesday. The Nigerian Stock Exchange is the second-biggest bourse in sub-Saharan Africa after Johannesburg, which has been a listed company since 2006. Nigeria's bourse is currently owned by stockbrokers and some institutional investors and has around 200 listed companies, all included in its benchmark share index. It said it had won ...
South Africa stocks slip, platinum producers down JOHANNESBURG: South African stocks fell for a third session in a row on Friday as platinum producers such as Impala Platinum and Anglo American Platinum skidded lower, with no end in sight to a strike at their operations. Shares of world No. 1 platinum producer Anglo Platinum fell 3.75 percent to 442.71 rand, coming off an almost 12-month high on Thursday, while Implats declined 3.8 percent to 115.44 rand. "The quicker we can get a ...
Kenyan stocks post 19.2pc gain for 2013 NAIROBI: Kenya's main share index rose on Tuesday to record a 19.2 percent gain for 2013, helped by east Africa's biggest telecoms operator, Safaricom, which doubled in price during the year.The Kenyan shilling, which is up 0.2 percent against the dollar in 2013, was a touch firmer on Tuesday. At 1300 GMT, commercial banks quoted the shilling at 86.20/40, from Monday's close of 86.30/50.The benchmark NSE-20 Share Index rose 0.8 percent on the day to ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln