Gold held around $4 000 an ounce after a weak start on Monday, after China ended a long-standing tax rebate for some retailers in a change that could weigh on demand in one of the world’s largest precious-metals markets.Bullion for immediate delivery rose 0.1%, after falling as much as 1
Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.The planned asset sale is the most consequential action so far by a
AMERICAN forces are reportedly preparing to bomb military installations inside Venezuela – and the strikes could come in a “matter of days or even hours”.Donald Trump has already moved US naval and air assets closer to Venezuelan shores – stoking fears of an all-out war.An a
How the rivalry between the two Gulf carriers has contributed to the growth of the local aviation industryEmirates and Qatar Airways, the two Gulf carriers dominating the global aviation industry are flexing muscles over the fast growing Ugandan market. Every week thousands of Ugandans dep
Top 10 hardest countries to obtain citizenshipSecuring citizenship in some countries can be a long and demanding journey in contrast with how some other nations offer relatively straightforward processes.Below are 10 countries where obtaining citizenship is considered the toughest,
The oil sector’s development — including two central processing facilities at Kingfisher and Tilenga — is expected to unlock billions in ancillary investment and generate thousands of jobsKampala: Uganda’s proven oil reserves have risen to 6.65 billion barrels, up from 6.4 billion,
President Donald Trump on Thursday threatened to begin testing US nuclear weapons in response to actions by rival countries, an announcement that came moments before his meeting with Chinese leader Xi Jinping.Trump in a post on social media said, “The United States has more Nuclear Weapo
Pedestrians walk past a billboard of Cameroon's President Paul Biya reading: 'I thank the sovereign people for electing me' on a street in Yaounde, today, a day after the Cameroon presidential election results were announced. Biya, 92, has been re-elected for an eighth term with 53.7% of the vote
Saudi Arabia revealed plans for the NEOM Sky Stadium, which will be the world’s first-ever "sky stadium" suspended 350 meters above the ground. Once completed, NEOM Stadium will set a new global benchmark in sports architecture and sustainable design. The NEOM Stadium is expected to make its de
Uganda has signed a landmark tourism partnership with GZL International Conference and Exhibition Services Ltd, organisers of the China International Tourism Industry Expo (CITIE), cementing its presence in one of the world’s fastest-growing travel markets.The agreement, signed in Guangz
