Gulf Oil and Gas accountACCOUNT

Africa Economy in June 2015

Source: OPEC 7/4/2015, Location: Africa

Share |
GDP in South Africa expanded 2.1% y-o-y in 1Q15, the fastest growth since 4Q13. The mining sector rose for the first time in more than a year while manufacturing remained subdued. The mining sector registered its fastest increase by 6.3%, rebounding from four consecutive quarters of decline. Agriculture grew 6.2% y-o-y in 1Q15, compared to 4.2% in the previous quarter. The manufacturing PMI of May remained in the expansion territory last month though edged closer to stagnation. The index posted 50.1 in May from 51.5 a month earlier.

In Egypt, the annual inflation rate eased to 10.7% in April from 11.5% in March, as the cost of housing and utilities rose at a slower pace. The stagnation in new orders led business conditions in the country’s non-oil producing private sector to worsen further in May. However, they edged closer to the expansion territory last month at 49.9 after 49.8 in April. The survey showed a marginal increase in output.

Economics/Financial Analysis News in Egypt >>

Egypt >>  5/14/2018 - Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla...
Libya >>  5/13/2018 - Libya’s offshore Bahr al-Salam gas field has resumed operations with production of 380 million cubic feet per day, state firm NOC said after completin...

Egypt >>  5/10/2018 - Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 bcfd. Zohr is now producin...
Egypt >>  5/3/2018 - Eni announces an oil discovery on the A-2X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 103 Km Nor...

Morocco >>  5/2/2018 - Shearwater GeoServices (Shearwater) has been awarded a contract to acquire 3D seismic for Genel Energy in the Sidi Moussa license offshore Morocco. Ad...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.