Commodities

Cereal price rises threaten civil unrest

The Middle East must ensure food supply amid spiking global prices or risk potential civil unrest The current drought-induced surge in global food prices is causing disquiet in the Middle East and North Africa. Memories do not need to be very long to recall that when protesters took to the streets of cities across the [...]

Suez Canal delivers in tough year

The Canal has emerged as one of the few bright spots in an otherwise flailing Egyptian economy, with revenues touching a record high in 2010/11 It has been a testing few years for the Suez Canal. First, a rapid rise in pirate attacks in the Gulf of Aden between Yemen and Somalia in 2008 threatened [...]

Middle East awaits steel demand recovery

As the region’s governments invest in downstream iron and steel projects, expectations are high that the commissioning of these new plants will coincide with a rebound in prices A strong outlook for global steel demand is encouraging Middle East countries to develop a processing industry that they hope will make the region a major hub [...]


High gold prices bode well for Middle East

The positive outlook for bullion is good news for Dubai as a niche gold trading centre, and for Saudi Arabia, which is pushing ahead with the exploitation of its gold reserves The inexorable rise of gold prices since hitting a brief low of just over $700 an ounce in late 2008 is showing little sign [...]

Algeria’s lush hills a new home for zinc mines?

MEED – 18th January 2008 Nestled among the rolling hills that straddle the Soummam River in the Berber region of Kabylie, two small teams of men work 12-hour shifts searching for underground deposits of zinc. Around them, the hills are so lush, green and thick with woodland that it is difficult to believe this is [...]