IHS Markit By Ida Hockerfelt Amid higher global oil prices and a sharpening focus on new oil and gas supply sources to offset dependence on Russia, East African frontier Somalia has a renewed opportunity to attract foreign investors to its upstream hydrocarbon sector. However, in light of limited exploration success to date, the acute governance,

A Photograph appear on the Internet Somalia spy chief Mahad Salad is a member of Al-Shabab terrorist group and Somalia president Hassan Sheikh Mohamoud, according to sources Somali officials told Somali Times Egypt, UAE and Kenya government they are behind all this supporting Al-Shabab terrorist group attacking neighbouring Ethiopia. The battle came after Al-Shabab terrorists

By Anadolu Agency Defense ministry spokesman says Ukrainian army has suffered ‘significant’ losses The Russian Defense Ministry said Thursday that since the beginning of its “military operation” against Ukraine, it has destroyed 359 air defense missile systems belonging to its neighbor. Spokesman Igor Konashenkov claimed that the Ukrainian army has suffered “significant” losses and an

By The Associated Press President Xi JInping warned against meddling in China’s dealings with Taiwan during a phone call with his U.S. counterpart, Joe Biden, that gave no indication of progress on trade, technology or other irritants, including Beijing’s opposition to a top American lawmaker’s possible visit to the island democracy, which the mainland claims

By Reuters Licensing rights for 30 oil and gas blocks in the Democratic Republic of Congo went up for auction on Thursday, opening parts of the world’s second-biggest rainforest to drilling that could release large amounts of carbon into the atmosphere, jeopardising climate goals to tame global warming. President Felix Tshisekedi presided over the launch

By Anadolu Agency China reiterated its threat to use force against those attempting to separate Taiwan from Beijing, state-run media reported on Thursday. The comments by China’s ambassador to the US, Qin Gang, came after unconfirmed reports of US House Speaker Nancy Pelosi planning a visit to Taiwan in August. Qin said if anyone challenges

File Photo/Somali Times Somali government workers, security agencies and both houses of the National Parliament did not receive their salaries. Salary payment, for the past five years has been untouched with no delay or loss. The Federal Government of Somalia president Hassan Sheikh Mohamoud told civil servants that there’s no wages for the past two

By The Associated Press The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy —

Turkey President Recep Tayyip Erdogan: Credit Anadolu Agency The Turkish government has condemned twin attacks by Al-Shabab in the cities of Afgoye and Marka. At least 18 people were killed in two consecutive explosions in the Lower Shabelle region of Somalia on Wednesday. Turkey, which is Somalia’s biggest ally in the fight against Al-Shabab, has

By Reuters Britain should create a new category of private property law for digital assets like cryptocurrencies which are being used to make payments or represent other assets, independent body the Law Commission proposed on Thursday. Authorities around the world are taking steps to regulate the crypto asset sector, which has grown rapidly and been