The Democratic Republic of the Congo said it will stop exporting cobalt for four months amid an oversupply in the global market. Since the beginning of the year, cobalt oversupply sent prices down by approximately 11.32%. DRC is the world’s largest cobalt producer with some two thirds of global reserves. Cobalt is a rare metal […]
The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has signed an agreement with Riyad Bank to acquire a SR500 million ($133.13 million) real estate financing portfolio, reports say. Fabrice Susini, CEO of SRC and Tareq Al-Sadhan, CEO of Riyad Bank signed the deal in the presence of of […]
The US Defense Department’s military section for Africa, AFRICOM has told Associated Press (AP) that the number of Tunisian terrorists affiliated to the Islamic State group in Libya has fallen from 5,000 fighters to a few hundreds. According to a 2015 UN report, Tunisia was the largest terrorist supplier, as over 5,000 Tunisians had left […]
