Economic Updates

Changes ahead for South Africa’s mining industry

South Africa | 24 Jul 2014
Changes ahead for South Africa’s mining industry

An unusually long running strike at South Africa’s platinum mines has finally come to an end, and while the effects of the five-month action will likely be felt by the industry for years to come as it tries to recoup losses, it may have helped potentially expand the scope of smaller mining firms in the sector.

Algérie : Les investissements dans l'industrie pourraient se pérenniser

Algeria | 22 Jul 2014
Algérie : Les investissements dans l'industrie pourraient se pérenniser

Restée fortement dépendante des exportations d'hydrocarbures durant plusieurs décennies, l'Algérie s'efforce aujourd'hui de développer les activités à forte valeur ajoutée et la production locale, de réduire la facture des importations et de créer de l'emploi. Même si les progrès sont lents, le pays a récemment récolté le fruit de ses efforts, puisqu’une vague de nouveaux investissements dans l’industrie manufacturière a été annoncée par divers investisseurs nationaux et étrangers.

Bahrain moves to boost digital economy

Bahrain | 22 Jul 2014
Bahrain moves to boost digital economy

Efforts to strengthen Bahrain’s digital economy will begin in earnest next year when the kingdom launches a major upgrade of its broadband internet infrastructure.

Malaysia braces for impact of solar energy expansion

Malaysia | 18 Jul 2014
Malaysia braces for impact of solar energy expansion

The future of solar energy in Malaysia received a powerful boost on June 16 with the commissioning of the country’s largest solar power plant to date. The project’s operator, Malaysia-based Amcorp Group, awarded the production of the power plant’s solar panels to Chinese manufacturer Yingli Green Energy Holding Company. The project spans an area of almost 14 ha and will require some 40,000 photovoltaic (PV) units, which are estimated to produce 13.6m KWh of electricity annually.

Jordan’s banking industry on firm footing

Jordan | 18 Jul 2014
Jordan’s banking industry on firm footing

While Jordan’s economy remains weighed down by a number of challenges, the banks continue to perform strongly, with intended new measures expected to provide a further boost to the industry.

Qatar seeking growth through fertilisers

Qatar | 17 Jul 2014
Qatar seeking growth through fertilisers

Qatar is well on the way to becoming one of the world’s leading producers of chemical fertilisers, steadily developing new capacity and new markets as it works to diversify its economy away from its primary dependence on energy sales. However, rising production levels across the Gulf region and an increasingly competitive global market may limit returns in the medium term.

South Africa’s pharmaceutical industry braced for change

South Africa | 16 Jul 2014
South Africa’s pharmaceutical industry braced for change

Plans to increase the production and distribution of generic drugs in South Africa are gathering pace, paving the way for the government to push ahead with the phased rollout of its National Health Insurance (NHI) scheme.