News International

Sat,25Apr2015

International

UAE-Africa: Dubai is back

Egypt’s head of state Abdul Fattah Al-Sisi shows Dubai’s ruler Sheikh Mohammed Bin Rashid Al-Maktoum, his plan for a new Cairo. Photo©APA Images/Zuma/REAWith lessons seemingly learned from the collapse of and delays to major projects during the financial crisis, Dubai and its African partners are looking to launch a new period of cooperation in trade and investment.

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Kenya gets Qatari help for financial centre plan

Kenya is finalising laws to make it easier for foreign banks to operate in the country, and wants to host a Chinese currency clearing centre, replicating Qatar's model, as it bids to become a regional financial hub.

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Sudan's president cancels trip to Indonesia

Sudan's President Omar Hassan al-Bashir at the last minute cancelled a trip to Indonesia for a summit this week, a government official said, in what would have been his first trip outside of Africa or the Middle East in nearly four years.

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Libya: Italian fishing boat seized near Libya

File Photo©ReutersA Sicilian fishing boat with seven people on board was seized overnight in an apparent act of piracy 40 miles from the coast of Libya, a trade association said on Friday.

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South African Airways in talks with Air China, Hainan Airlines over West African strategy

Photo©ReutersStruggling state-run airline South African Airways (SAA) is in talks with Air China Ltd and HNA Group's Hainan Airlines Co to set up a West Africa-based hub or even sell a stake in the company, Bloomberg reported citing people familiar with the matter.

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Energy: Africa to overtake U.S. in meeting LNG trade growth

File Photo©ReutersAfrican seaborne gas exports will play a bigger role in meeting global LNG trade growth than the United States, whose supply will be capped by mass domestic switching from coal to gas-fired power generation, the West's energy watchdog said on Wednesday.

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