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NNA - Information Minister Dr. Manal Abdel Samad Najd: Government extends general mobilization until April 26
NNA-Speaking in the wake of today’s Cabinet session at Baabda Presidential Palace, Information Minister Dr. Manal Abdel Samad Najd,...
ATA - Ministry of Health: 9 new cases, in total 409 positive with COVID-19
TIRANA,April 9/ATA/-Albania’s Ministry of Health announced that the number of people affected with COVID-19 has risen to 409and 9new cases...
MAP - Coronavirus: Morocco 'Can Be a Model' for Many European Countries (French Media)
Paris-April 9,2020-(MAP)-Morocco, which was able to react with "great precocity" to Covid-19 while supplying its market with masks and tests,...
Lusa - Business News - Covid-19: Humberto Delgado airport closed -4
TAP aircraft remain grounded at Humberto Delgado airport closed for passenger traffic as part of the exceptional traffic measures to...
NNA - Hariri University Hospital: 27 COVID-19 patients remain in isolation, five new recoveries
NNA - The daily report on the latest Covid-19 developments issued by the Rafic27 Hariri University Hospital, reads as follows:...
NNA - Ministry of Public Health: 7 new confirmed cases of Covid-19
NNA- The total of laboratory-confirmed Covid-19 cases in Lebanon has risen to 582 as 7 new infections have been confirmed,...
Lusa - Business News - Covid-19: Humberto Delgado airport closed -3
Humberto Delgado airport is closed for passenger traffic as part of the exceptional traffic measures to combat the epidemiological situation...
ATA - COVID-19/Second financial package, Denaj to ATA: We support more sectors of economy
TIRANA, April 9 /ATA/-Albania’s Minister of Finance and Economy Anila Denaj stated today that there will be a second financial...
ATA - Police takes punitive measures against citizens and drivers for breaking COVID-19 restrictions
TIRANA, April 9 /ATA/-Police reported that during the last 24 hours it has taken several administrative measures against citizens, shops...
MAP - Brahim Fassi Fihri: “Le Covid-19 est un mal que le Royaume aura choisi, très tôt, de combattre frontalement”
Rabat - 08 avril 2020 - (MAP) - Le président de l’Institut Amadeus, Brahim Fassi Fihri, a affirmé, dans une...
NNA - تقرير مستشفى الحريري: 67 حالة شفاء تام حتى تاريخه و 27 اصابة في العزل و20 حالة مشتبه باصابتها نقلت من مستشفيات اخرى
وطنية - صدر عن مستشفى رفيق الحرير الجامعي التقرير اليومي عن آخر المستجدات حول فيروس الكورونا Covid-19 وجاء فيه: "وصل مجموع الحالات التي ثبتت مخبريا إصابتها بفيروس الكورونا والموجودة حاليا...
NNA - وزارة الصحة: 582 إصابة كورونا بزيادة 7حالات
أعلنت وزارة الصحة العامة أنه حتى تاريخ 9/4/2020
بلغ عدد الحالات المثبتة مخبرياً في مستشفى الحريري الجامعي ومختبرات المستشفيات الجامعية المعتمدة بالإضافة إلى المختبرات الخاصة 582 حالة بزيادة 7 حالات عن...
Lusa - Business News - Covid-19: Humberto Delgado airport closed -2
Birds fly over the airstrip of Humberto Delgado airport closed for passenger traffic as part of the exceptional traffic measures...
MAP - Covid-19: Companies Must Equip Staff with Protective Masks, Joint Statement
Rabat- April 8,2020- (MAP)- The managers of companies and industrial and production units must equip their personnel with protective masks,...
ATA - Paying taxes, electricity bills is non-negotiable, closed businesses to be excluded from taxes
TIRANA,April 8 /ATA/-By A. Fortuzi/ Prime Minister Edi Rama reiterated at an online communication with the public on Wednesday evening...
NNA - Rapport quotidien de l'hôpital Rafic Hariri: total de 67 rétablissements
ANI - L’hôpital universitaire Rafic Hariri a publié ce jeud son rapport quotidien sur les derniers développements autour du Coronavirus...
NNA - Ministère de la Santé : 582 cas confirmés
ANI– Le ministère de la Santé publique a annoncé qu’en date du 09/04/2020, le nombre de cas confirmés de coronavirus...
Lusa - Business News - Covid-19: Humberto Delgado airport closed -1
Elements of the Portuguese Red Cross at the entrance of the Humberto Delgado airport closed for passenger traffic as part...
MAP - COVID 19: EIB Supports Moroccan Private Sector Via Credit Lines Amounting to 440 mln Euros
Luxembourg - April 8, 2020 - (MAP) - The European Investment Bank Group (EIB) announced on Wednesday a support for...
MAP - Covid-19: Economic Growth Declines to 1.1% in First Quarter (HCP)
Casablanca-April 8,2020-(MAP)-Under the effect of the Covid-19 health crisis, the growth of the national economy would have slowed down to...
CNA - Ministry's of Agriculture bill aims to help Cyprus’ farmers export kosher meat to Israel
CNA-Nicosia-With a bill approved by the Cabinet and forwarded to the parliament for voting, the Ministry of Agriculture aims to...
CNA - معظم الأشخاص الذين وصلوا إلى قبرص بطائرة خاصة هم من المرضى
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
صرح السكرتير الدائم بوزارة النقل والاتصالات والأشغال ستافروس ميخائيل أن الغالبية العظمى من الأشخاص الذين وصلوا إلى قبرص بطائرة خاصة في...
CNA - Ministry of Finance gives further clarifications and details on recent bonds issue
CNA-Nicosia
The recent issue of bonds by the Republic was solely intended to offset the reversal of the fiscal balance...
CNA - Total 123 covid19 patients received hospital care, 56 discharged, according to figures released by Health Ministry
CNA - Nicosia - A total of 123 patients, 25%, of covid19 cases in Cyprus, namely , received hospital care,...
Lusa - Business News - Cabo Verde: Facebook includes country in Covid-19 information centre coverage
Praia, Apr.9,2020(Lusa)- Cabo Verde is among 17 countries in sub-Saharan Africa to which Facebook is extending its 'Covid-19 Information Centre',...
CNA - الحكومة القبرصية تطلق مركز خدمة اتصال جديد لحركة المواطنين بشكل استثنائي
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أطلقت وزارة الدولة للبحث والابتكار والسياسة الرقمية مركز خدمة اتصال جديد لحركة المواطنين وفقاً للحركة بشكل استثنائي. ...
CNA - Government to spend €850 million in direct support by June amid coronavirus crisis
CNA - Gregoris Savva - Nicosia - The Cypriot government announced the extension of measures to companies and self-employed persons...
CNA - Cyprus trade deficit at €540 million in February, according to preliminary data
CNA- NICOSIA/Cyprus - Cyprus external trade deficit amounted to €540 million, according to preliminary estimates published by Cyprus’ Statistical Service....
CNA - وزير الصحة: بدء اجراء التحاليل العشوائية الاثنين على أبعد تقدير
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
ذكر وزير الصحة كونستانتينوس ايوانو اليوم الخميس أنه من المتوقع البدء بالتحاليل العشوائية لفيروس كورونا منذ يوم الاثنين على أبعد تقدير،...
Lusa - Business News - East Timor: First emergency flight between Darwin, Dili expected on Friday
Dili, Apr.9,2020 (Lusa)–The first flight from Darwin, northern Australia, operated under an agreement with AirNorth for the transport of medicines,...
CNA - وزير الصحة يصرح بأن قبرص قامت بتأمين ما يكفي من الكلوروكين لـ 240 ألف شخص
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أكد وزير الصحة كونستانتينوس إيوانو أن قبرص قامت بالفعل بتأمين كميات كافية من الكلوروكين تكفي لـ 240 ألف شخص. ...
Lusa - Business News - Portugal: Parliament prohibits cuts in utilities for families unable to pay bills
Lisbon, Apr. 9, 2020 (Lusa) - Parliament has voted in favour of stopping cuts in water, electricity, gas and telecommunications...
Lusa - Business News - Portugal: Until Tuesday movement restricted to area of residence, no flights
Lisbon,Apr.9,2020(Lusa)–The Portuguese are confined to their district of residence, except for health or work reasons, and flights at national airports...
Lusa - Business News - Portugal: Until Tuesday movement restricted to area of residence, no flights
Lisbon,Apr.9,2020(Lusa)–The Portuguese are confined to their district of residence, except for health or work reasons, and flights at national airports...
Lusa - Business News - Portugal: Stock market opens Thursday with PSI20 index up 0.94%
Lisbon, Apr. 9, 2020 (Lusa) – The Lisbon Stock Exchange opened Thursday's session on positive ground, with the main index,...
HINA - Croatia postpones Zagreb summit
ZAGREB,April8(Hina)-Croatia's presidency of the European Union has decided to postpone an EU-Western Balkans summit, scheduled for May 7 in Zagreb,...
CNA - الرئيس اناستاسياديس يرى "بصيص نور" ويجدد الاجراءات الاستثنائية لمواجهة فيروس كورونا
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أعلن رئيس الجمهورية نيكوس أناستاسياديس مساء أمس أنه تم تمديد الإجراءات الخاصة المتعلقة بكبح انتشار فيروس كورونا في الجزيرة حتى...
Lusa - Business News - Portugal: Top headlines on Thursday
Lisbon,Apr.9,2020(Lusa)–Football and Luanda Leaks - Rui Pinto is released from prison to house arrest and Covid-19 are the main headlines...
Lusa - Business News - Angola: Impact of coronavirus set to push economy deeper into recession - Fitch




Hong Kong, China, 17, Feb 2020 (Lusa) – The spread of the new coronavirus could worsen the recession already foreseen for this year in Angola due to the country’s strong trade links with China, according to a report by Fitch Solutions, an economic consultancy firm.
Major exporters of raw materials in sub-Saharan Africa are the countries that are expected to be hit hardest by the epidemic, as China is one of the main importers of oil and ores, but there is a large range of regional economies that are exposed to any slowdown in Chinese investment, write analysts in a note sent to investors that Lusa has seen.
They also warn that a review of their forecast of 2.3% economic growth in the region this year is likely to be revised downwards.
In the note, the Fitch analysts write that economies with weak health systems and macroeconomic frameworks are particularly at risk, with markets in southern Africa especially vulnerable to a worsening of economic sentiment.
Specifically on Angola, Fitch Solutions warns that the drop in crude oil production should already have an influence on the trade balance and economic growth in the coming quarters, and as the third largest supplier of oil to China, Angola is strongly exposed to downward risks in oil demand from the Asian giant, or to a drop in prices.
As a result, they write, a sustained decline in demand or prices is likely to see Angola’s economy shrink this year by even more than the 0.3% currently foreseen.
It is, according to the analysts, not only reduced Chinese demand that is the danger, but also a possible impact on Chinese foreign investment. Here, Angola is once more among countries that the report focusses on, noting that it was among the five largest recipients of Chinese investment in 2017, along with South Africa, Democratic Republic of Congo, Zambia and Nigeria.
Fitch Solutions has already revised down its growth forecast for China for this year due to the effect of the epidemic, seeing gross domestic product expanding by 5.6% instead of the 5.9% previously estimated. That, in turn, is set to bring down the market prices for commodities, including oil and minerals, which dominate the exports of much of Africa.
Oil-exporting countries such as South Sudan, Angola and Congo are the most vulnerable to falls in commodity prices, particularly as they already face considerable political and budgetary challenges.
Angola last year exported about 479 million barrels of oil at an average price of $65.2 (€59.2 euros) per barrel, for total revenues of US$31.2 billion, according to data released at the end of January by Angola’s Ministry of Mineral Resources and Petroleum.
The main destinations for the country’s exports by value were China (72%), Spain (6%) and India (5%).

MBA/ARO // ARO.
Lusa


Agency : LUSA

Date : 2020-02-18 09:04:52







 

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