Shipping traffic through Egypt’s Suez Canal resumed on Monday after a giant container ship that blocked the busy waterway for almost a week was refloated. Live footage on a local television station showed the ship surrounded by tug boats moving slowly in the centre of the canal. The station, ExtraNews,[…]
Taiwan will submit an application to join the revamped version of the Trans-Pacific Partnership once it has finished informal consultations with its existing 11 members, talks which are ongoing, the island’s foreign ministry said. While a member of the World Trade Organization, many countries are wary of signing trade deals[…]
Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier report that trade talks due to begin on Thursday could be cut short. U.S. S&P500 mini futures ESc1 traded down[…]
Iraq has rejected any Israeli participation in a naval force to protect shipping in the Strait of Hormuz, at the heart of tensions with Iran. Iraq “rejects any participation of forces of the Zionist entity in any military force to secure passage of ships in the Arabian Gulf”, Foreign Minister Mohammed Ali al-Hakim wrote on social[…]
The African Continental Free Trade Area (AfCFTA) will come into force on Thursday. It will be the largest free trade agreement by population that the world has seen since the 1995 creation of the World Trade Organization. The Egyptian Foreign Ministry said over the weekend that the required 22 ratifications[…]
South African companies in the agro-processing, capital equipment, energy and furniture sectors will show off their wares while on an Outward Trade and Investment Mission (OTIM) to Uganda. The OTIM, which is organised by the Department of Trade and Industry (dti), will get underway on Sunday. “The mission will also introduce[…]
The leaders of 44 African countries have signed a deal to create one of the world’s largest free trade blocs. The agreement was signed at a summit in the Rwandan capital, Kigali. It is hoped the deal will come into force within six months, and increase prosperity for 1.2 billion[…]
The National Council of SPCAs (NSPCA) has slammed a Pretoria High Court decision to allow the trade of rhino horn in the country, arguing the move would add to the poaching scourge. The organisation said it was taken aback by the judgment that lifted the domestic ban on the rhino[…]
South Africa and China on Thursday signed a number of strategic agreements aimed at strengthening bilateral relations and strengthening trade ties, the presidency said. “The agreements were signed at the historic state visit by His Excellency President Jacob Zuma to China where he held official talks with his counterpart, His[…]
Illicit trading in the tobacco sector creates a catalyst for other crimes, national police commissioner Riah Phiyega said on Tuesday. “Illegal trade in tobacco products is huge business which often spread to other crimes, like money laundering and drug dealing,” Phiyega said in a speech prepared for delivery at a[…]
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