Maersk halts container shipments, shaking vital Horn of Africa trade route
A.P. Moller–Maersk, one of the world’s largest container shipping companies, has temporarily stopped accepting new bookings to and from Somaliland’s […]
Global Trade
Oman launches an investment bank in Angola to strengthen trade ties with Africa
Oman has introduced a new corporate investment bank in Angola as part of a broader strategy to strengthen its financial
Malaysia deepens Namibia partnership on trade and energy
Malaysia is moving to deepen its economic and diplomatic ties with Namibia as the southern African country’s Minister of International
Oil prices rise after Trump says Iranian ship seized
Global oil prices rose in Monday morning trade in Asia after President Donald Trump said the US has intercepted and
Oil prices plunge as markets rally after Strait of Hormuz reopens
Global oil prices tumbled sharply on Friday while stock markets surged, after Iran announced the full reopening of the Strait
OPEC: Middle East oil production plummets due to Iran war
Oil production in the Middle East plummeted in March as the US-Israel war against Iran raged on. Traffic through the
UK signs multi-million-pound drone interceptor deal
The British government has signed a multi-million-pound contract with start-up firm Cambridge Aerospace to supply systems for intercepting drones, the
Nigerian onion exporters halt shipments to Ghana.
A new trade conflict has emerged between Nigerian and Ghanaian onion merchants, leading to a halt in cross-border shipments and
Chinese logistics firms shift away from Middle East as war raises costs
Chinese logistics companies are scaling back operations in the Middle East, as the current war continues to heighten geopolitical risks
Dangote Refinery ramps up gasoline and urea exports to help African markets impacted by the Iran war
Nigeria’s Dangote Refinery, the largest on the continent, has intensified shipments of gasoline and urea to African countries facing supply