The Discovery of crude oil in the Middle East changed their fortunes because of continuous demand for the commodity. Life does not exist without energy. In today’s world, fossil energy/crude oil is considered one of the most prominent energy sources with a large global market.
Renewable energy is catching up....
On the evening of 18 March, President Xi Jinping had a video call with US President Joe Biden at the latter’s request. The two presidents had a candid and in-depth exchange of views on China-US relations, the situation in Ukraine and other issues of mutual interest.
President Biden said that...
The announcement of the invasion of Ukraine by the Russian soldiers came with it direct and indirect consequences/ effects on world economies as most countries depend on Russia for their gas, oil and other food stuffs such as wheat, cereals, flour, etc.
Most experts are condemning the invasion/ war based...
The dead included a cleric of the said Imambargah as well as an 8-year-old child. This is however, not the first such terrorist attack on Shia Imambargahs of Pakistan. The country which was created in the name of Islam has been witnessing some of the deadliest sectarian attacks on...
A successful process of raising funds for your business is the first step towards achieving success. Your business may not be able to materialize productive investment opportunities without access to easy and timely finance.
Whether it’s a start-up or an expansion, financing is a crucial step towards business success. Generally,...
In terms of geopolitical impact, nothing could be more important than the United States’ shift from strategic cooperation to strategic competition with China. This change has darkened many observers’ views of China’s economic prospects, as indicated by a Bruegel report released late last year.
The assumption, it seems, is that...
At the end of the 1980s, political liberalization swept across Africa, seemingly indicating that it was the continent’s turn to embark on history’s inexorable march toward democracy. Some commentators argued that, by increasing the legitimacy of African governments, political reform contributed to the subsequent decline in military coups.
But since...
African currencies net losers in oil spike
Russia’s war in Ukraine has sent oil skyrocketing to more than $130 a barrel—its highest price since the global financial crisis. Elevated oil prices alongside limits on Russian oil exports are likely to benefit African crude producers including Algeria, Angola, Nigeria, Libya and...