EUR/USD 1.11916
-0.071%
Gold 4176.58
-0.445%
Oil 91.920
1.168%
USD/JPY 158.453
0.114%
GBP/USD 1.32369
-0.025%
GBP/JPY 209.747
0.089%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sources familiar with the matter say Saudi Arabia is increasingly dissatisfied with the limited aid provided by its Western allies. They say the UK has provided an aerial refueling tanker, but Saudi Arabias requests for additional defense support in recent weeks have yet to be approved.October 12th - On Monday morning, market sentiment was pressured by a new round of attacks on Saudi Arabia, causing stock markets to fall. Saudi Arabias benchmark stock index fell 0.6%, and oil giant Saudi Aramco fell 0.3%. Most Gulf stock markets rose slightly. Dubais main stock index rose slightly by 0.1%, and Abu Dhabis stock index rose 0.1%. Qatars stock index rose 0.5%, on track to recover some of the previous days 1.5% loss. Investors were hesitant to make large bets due to the continued uncertainty surrounding the US-Iran conflict, resulting in cautious trading.Russian Economy Minister: Risks from non-economic factors, such as attacks on infrastructure, could lead to deviations from economic growth forecasts.Saudi Energy Minister: Saudi Arabia is seeking international participation in alternative pipeline projects. The goal is to diversify ownership, operational rights, and financing sources to ensure the pipeline becomes an international pipeline.On October 12th, ING analyst Chris Turner stated that while the Swiss franc has recently strengthened against the euro, further upside potential may be limited, as market expectations for a significant further decline in European Central Bank (ECB) interest rate hikes are unlikely. The recent rise in the Swiss franc is primarily due to the severity of Frances debt crisis, which has effectively dampened market expectations for ECB policy tightening. In a report, Turner stated, "However, it remains unclear whether short-term euro interest rates will need to fall further unless energy prices experience a significant drop." He added that rising inflation in the eurozone still provides the ECB with reasons to further tighten policy.

In 2023, German Businesses Intend to Invest More in Africa

Mila Graham

Dec 28, 2022 16:07

12.png


According to a poll reviewed by Reuters on Tuesday, German companies need to step up their efforts in Africa in the next few years, particularly in emerging markets like liquefied natural gas and hydrogen. Of the companies surveyed, 43% said they planned to increase their investment there.


A further 39% of association members intend to keep their spending levels in Africa strong, according to a survey of members of the German-African Business Association.


Christoph Kannegiesser, the association's head, told Reuters that "the majority of individuals in businesses need to enhance their sports in the upcoming year." "It creates


Christoph Kannegiesser, the association's head, told Reuters that "the majority of individuals in businesses need to enhance their sports in the upcoming year." Because the trajectory of the continent is still increasing, it makes sense.


According to data from the financial system ministry, German companies invested around 1.6 billion euros in Africa in 2021, of which about 1.1 billion euros went to the sub-Saharan region.


Kannegiesser added he sees enormous opportunities inside the strong region in Africa as Europe's greatest banking system has been striving to minimize its dependence on Russia for the fuel for the invasion of Ukraine.


He noted Senegal, Nigeria, and Mauritania as countries having the capacity for investment, saying "The field of green hydrogen and liquefied gasoline will bring a brand new impetus in many countries."

Suggestion