A draft agreement, reached between Iran and the P5+1 countries - China, France, Russia, the United Kingdom, and the United States, plus Germany - which would see the former reduce its nuclear activities in return for the gradual ending of economic sanctions, would have a positive impact on the future of the Iranian automotive industry.
Prescriptive analytics is a bit of a unicorn - a thing of beauty, but rarely seen. That's about to change, with prescriptive analytics and the Industrial Internet of Things (IIoT) enjoying their teenage years together.
Africa's second-largest iron-ore mine, in Tonkolili, Sierra Leone, was snapped up by China's state-owned Shandong Iron and Steel Group in April. In fact, Chinese firms, it seems, are buying into the market while stocks are cheap. Hebei Iron and Steel Group is building a massive steelworks in South Africa; last month it received approval to takeover the Swiss firm Duferco's African steel processing and sales network.
A robust improvement in consumption demand, generous government support, and rise in public sector infrastructure spending are expected to result in steady growth in the Middle East and Africa in 2015, according to a report from Frost & Sullivan.
Many vital infrastructure projects struggle to progress beyond the concept stage because project preparation is such a costly, complex and risky undertaking. The difficulty is particularly acute in Africa, where projects encounter frequent challenges related to capabilities, the regulatory environment, project governance and financial resources.
In 2014, losses in Europe, the Middle East and Africa as a result of cargo theft totaled $80m, according to the Transported Asset Protection Association. TAPA reported an average of three major cargo crimes occurred each day in 2014, targeting high-value, easy-to-steal goods in the supply chain, with an average loss of $221,000 each day.