Oil rises on Red Sea jitters, Russian export cut

Oil pumps are seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Karnes County, Texas, U.S., May 18, 2020. Picture taken May 18, 2020. Photographer Jennifer Hiller/File Photo By Reuters Oil rose on Monday

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Why Kenya faces slim savings in Sh46bn early Eurobond repayment

The recovery of prices of Kenya’s inaugural Eurobond has reduced potential savings the country may make. Photo/Shutterstock By Business Daily Africa The recovery of prices of Kenya’s inaugural Eurobond which matures in June next year, has reduced potential savings the country may make from an early partial redemption of $300 million (Sh46.1 billion) this month.

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Turkey releases statement of Somalia President Hassan Sheikh’s son murder case

The Minister of Justice of Turkey, Yılmaz Tunç, said that Mohamed Hassan Sheikh Mohamoud, the son of the president of Somalia who caused the death of a motorcyclist in Istanbul, will return to the country Turkey. Read: Somalia president Hassan Sheikh’s son was under the influence of alcohol and cocaine killing innocent Turkish national Speaking

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Putin says Russia has no plan to attack NATO, dismisses Biden remark as ‘nonsense’

Russian President Vladimir Putin attends his annual end-of-year press conference and the Direct Line question and answer session, at Gostiny Dvor Exhibition Centre in Moscow, Russia December 14, 2023. Sputnik/Gavriil Grigorov/Pool via Reuters By Reuters Kremlin chief Vladimir Putin dismissed as complete nonsense remarks by U.S. President Joe Biden that Russia would attack a NATO

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Somalia army forces take over African Union Presidential Security

File Photo/Somali Times The security forces of the Somalia Presidency and the specially trained police are set to officially take over the general security of the country’s presidency tomorrow. Read: Somalia’s corruption is widespread throughout the regime The African Union peacekeeping forces in Somalia are transferring after many years the security of the country’s presidency

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Global watchdog retains 4 East Africa countries on ‘grey list’

When FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve quickly the identified deficiencies within agreed timeframes. Photo/Shutterstock By The East African Global financial crime watchdog, Financial Action Task Force (FATF) has retained four East African countries on the ‘grey’ list in its latest review of countries’ commitment to

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US: 2 ballistic missiles fired from Houthi-controlled area of Yemen toward international shipping lanes

By Anadolu Agency A pair of ballistic missiles were fired Friday from a Houthi-controlled area of Yemen toward international shipping lanes in the Bab el-Mandeb strait, connecting the Red Sea and the Gulf of Aden, according to the US military. “One of these missiles struck the Liberian flagged MV PALATIUM 3, which broadcast a mayday

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Prince Harry was phone-hacking victim and editors knew, London court rules

Britain’s Prince Harry, Duke of Sussex walks outside the Rolls Building of the High Court in London, Britain June 6, 2023. Photographer Toby Melville/File Photo By Reuters Prince Harry scored the biggest win yet in his legal war against British tabloids on Friday when London’s High Court ruled he had been a victim of phone-hacking

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Beyoncé is now $200 million away from becoming a billionaire

Beyoncé/photo credit: Wikimedia Commons By Face2Face Africa Beyoncé Knowles, popularly known as Beyoncé, is on her way to becoming a billionaire following the rise of her net worth. The singer’s net worth has been increased following the stellar year the 42-year-old entertainer has had. In June, Face2Face Africa reported that the singer and entrepreneur had

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Turkish Justice Minister says son of Somalia president will return to Turkey to face trial over fatal accident

Turkish Justice Minister Yılmaz Tunç said he expects the son of the president of Somalia Hassan Sheikh Mohamoud to soon return to Turkey to stand trial for a fatal accident in which he was involved, leading to the death of a motorcycle courier, the state-run Anadolu news agency reported. Read: Somalia president Hassan Sheikh’s son

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