Libya has called on Saudi economic operators and financiers to invest in the North African country mainly in the oil and gas industry sector. The call was launched by visiting Libyan oil and gas minister, Abdulbari Ali Al-Arousi, at a meeting with executives of the Saudi Eastern Chamber of Commerce and Industry. The Libyan official […]
Economic leadership that was long concentrated in the West has decisively shifted towards emerging economies, whereby this historic global shift in trade and power is redefining Africa’s role in the world economy, says a new book ‘West to East: A New Global Economy in the Making’. Its author, economist Arno van Niekerk, described in a […]
A BRICS currency replacing U.S dollar is a ‘ridiculous’ idea, says the top economist who named the group — especially in light of the fact that China and India are not able to even agree on BRICS membership expansion that will shape the organization’s future. The BRICS group has revealed its internal divisions, with India […]
