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2025 FirstBank Agric & Export Expo champions non-oil growth, seeks shift from oil dependence
20 Aug 2025 11:22 GMT
Stakeholders at the 2025 FirstBank Agric & Export Expo in Lagos have called for urgent diversification of Nigeria’s economy through agriculture and non-oil exports, stressing that the country must move away from heavy dependence on crude oil revenues. …
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UAE: What are Certificates of Origin and how Abu Dhabi’s 10.3% rise proves a shift from oil dependence
17 Aug 2025 10:00 GMT
Certificates of Origin certify that goods are produced in a specific country, essential for customs, tariffs, and export compliance/ Image: File
The Abu Dhabi Chamber of Commerce and Industry has reported a significant increase in the issuance of …
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Aramco’s $800 billion wipeout deepens Saudi struggle to break oil dependence
07 Aug 2025 08:55 GMT
Saudi Aramco, the world’s largest oil company, has lost more than $800 billion in market value since its 2022 peak, Bloomberg has reported, marking a nearly 40 per cent decline and raising fresh concerns about the economic health of a kingdom still heavily …
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KSA’s oil dependence persists despite vision 2030 promises: Bloomberg
30 Jul 2025 18:04 GMT
… Vision 2030 is to cut oil dependence,” said Ziad Daoud, Bloomberg Economics …
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Nigeria’s National Development Plan Dilemma
30 Aug 2025 03:10 GMT
… Nigeria’s, with its volatile oil dependence, weak infrastructure, and demographic pressures …
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Naira Breaks Free From Oil Dependence As Bold Reforms Restore Investor Confidence
09 Jul 2025 12:31 GMT
In a remarkable turn that signals a new era for Nigeria’s economic direction, the Naira is steadily decoupling from its historical dependency on global oil prices — a development that reflects the strength of recent structural reforms and the rising …
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Oil dependence limits Iran’s partnerships with Russia, China: experts
03 Jul 2025 14:28 GMT
The Israel-Iran conflict revealed the limits of Tehran’s global partnerships in part because Moscow and Beijing have other interests in the Middle East and both can benefit from oil price changes, experts said during events held June 30 and July 1.
China …
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Israel-Iran conflict exposes Asia's oil dependence, slow pace of clean energy transition
27 Jun 2025 06:30 GMT
The war between Israel and Iran has underscored Asia's heavy reliance on oil and gas from the Middle East and its sluggish progress in transitioning to renewable energy — vulnerabilities made worse by the region's dependence on shipments passing …
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Middle East crisis: Why is India’s oil dependence a risk again? And what Vedanta’s Agarwal thinks should change
25 Jun 2025 06:20 GMT
Amid escalating geopolitical tensions in the Middle East and rising global oil prices, Vedanta Group Chairman Anil Agarwal has called on India to accelerate domestic oil and gas production to secure its long-term energy needs.
In a post on X (formerly, …
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Exploring Qatar’s shift from oil dependence to tourism
24 Jun 2025 14:53 GMT