Africa is emerging as a key manufacturing hub for Indian companies, as record-high U.S. tariffs — now up to 50% — threaten India’s export competitiveness, particularly in textiles, pharmaceuticals, and gems. The penalties, imposed largely in response to India’s continued oil trade with Russia, have forced Indian firms to pivot strategically toward Africa to maintain […]
Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period last year. The finance ministry said the state’s total revenues during the same period amounted to over SR370.4 billion, up 49 percent year-on-year, while expenditures stood at SR292.5 billion. Oil […]
More than 13,000 women and children have fled islands on the Niger River in western Niger following strings of deadly attacks staged by terrorists, state radio “Voix du Sahel” said. The radio indicated that Women and children fleeing the remote islands have sought safety in Ayorou, a town 200 kilometers (125 miles) from the Nigerien […]
