Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: The Middle East and North Africa (MENA) holds huge potential from a mining investment
perspective. However, despite considerable mineral and metals resources, much of the region's mining
infrastructure remains under-developed. In many cases this is due to political instability which has
restricted foreign investment and mining activity from taking placed on a significant commercial scale. As
global energy markets continue to underperform there is an increasing incentive for many MENA states to
diversify their economies and to prioritise the development of their mining assets. This is particularly the
case in Oman, Saudi Arabia and other Gulf states which remain heavily reliant on oil and gas revenues.
Meanwhile, the lifting of sanctions against the Iranian economy is allowing the government to explore ways
to harness its vast mineral wealth. In Iran, as in other countries, foreign investment will play a key role in
supporting this development and increasing mineral and metals production, though political instability will
remain at the forefront of investors' concerns in many cases.
Recent Updates And Developments:
? Australia's Centamin has raised its production estimates for its Sukari gold mine in Egypt, with output
from the project set to grow by 7% in 2016 after a positive first quarter of the year.