Africa Rising: First It Was China, Now the Gulf Discovers the African Market

Posted on Mar 6, 2012 in Africa, Emirates-Africa

A decade ago, many African economies seemed locked in stagnation. Now they are booming, and Gulf investors are moving in to take advantage of the growth. Christian Science Monitor

Qatar Increases Commitment to Egypt

  Qatar is pulling out all of the stops to support Egypt’s economy, post Arab Spring. Qatar’s prime minister Sheikh Hamad Bin Jassem Al Thani said that in addition to loans and bond issues Qatar is prepared to invest as much as $10 billion in the Egyptian economy. Qatar has already invested $500 million in Egypt […]

UAE Oil Production Compensates for Libyan Disruption

The UAE has increased oil production in part to compensation for production disruptions in Libya. Data for September, release by the International Energy Agency (IEA) shows that oil output in September rose 0.8 percent to 2.55 million barrels per day. Both the UAE and Kuwait increased output to the highest level in three years. Saudi […]

Continued Growth Seen (and Predicted) in Trade

Business in the UAE is picking up, according to recent reports. Foreign, non-oil trade increased 22% in the first half of 2011, as compared with the same period last year. Figures released by the Federal Customs Authority the UAE’s non-oil foreign trade increased by AED 80.7 billion to AED 445 billion. According to the figures, […]

Arab Spring Could Slow Chinese Investment

Political and economic disruptions across the Middle East and North Africa will have an impact on China’s investment in the region, according to Arti Sangar, the head of DiazReus’ Dubai office. “There has been significant disruption across North Africa, and this inevitably has an adverse impact on China’s interests in the continent,“ said Sangar in […]

African Energy Industry Takes Off

Posted on Sep 16, 2011 in Africa

In an interview with Pipeline Magazine, Diaz Reus Managing Partner Michael Diaz, Jr., talks about Africa’s booming energy industry. The landscape is changing quickly in Africa with the entry of smaller players (aka “minnows”) into the market and the rapid emergence of China as a major player on the continent. Ghana, Kenya, Nigeria and Angola […]

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