Gulf Oil and Gas accountACCOUNT

Africa Economy in December 2015

Source: OPEC 1/14/2016, Location: Africa

Share |
Growth in the economy of South Africa slowed to 1.0% y-o-y in 3Q15 from 1.4% in 2Q15 and 2.2% in 1Q15. This marks the slowest rate of growth rate since the 2009 recession. Data showed continued deceleration in utilities and agriculture. Business services and manufacturing were also weak. The country’s private sector showed signs of improvement when the PMI of November increased to a six-month-high reading of 49.6. Despite remaining in the contraction territory, this indicates a slower pace of deterioration in the business conditions of the private sector.

In Egypt, the contraction in the country’s non-oil private sector deepened in November as suggested by the PMI, which fell to 45.0, its lowest reading in 26 months, from 47.2 in October. It has been reported that output and new orders sharply declined, which were accompanied with a record fall in employment.

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.