By Anadolu Agency The International Monetary Fund on Tuesday cut its global economic growth forecast for both 2022 and 2023 amid high inflation, a slowdown in China, and the continued Russian war on Ukraine. According to the IMF’s latest World Economic Outlook, the global economy is projected to grow 3.2% this year, revised 0.4 percentage

Saudi Crown Prince Mohammed bin Salman Reuters By The Associated Press Saudi Crown Prince Mohammed bin Salman arrived in Greece Tuesday on his first trip to a European Union country since the killing in 2018 of Saudi journalist Jamal Khashoggi that triggered widespread international condemnation. Bin Salman, who is traveling with a large government and

File Photo Somali Times/Prime Minister of Ethiopia Abiy Ahmed Ethiopia government warns Somalia president Hassan Sheikh Mohamoud not to interfere between Ethiopia and Egypt Grand Ethiopian Renaissance Dam on the Blue Nile, according to Ethiopian officials told Somali Times Hassan Sheikh Mohamoud should concentrate Somalia affairs and building his own security. Ethiopia has been at

Pipes at the landfall facilities of the Nord Stream 1 gas pipeline are pictured in Lubmin, Germany, March 8, 2022. Reuters/Hannibal Hanschke/File Photo By Reuters Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts

The governments of Egypt and Somalia have taken the same position on one side, the projects of the international Nile River, according to a news release from the Egyptian presidency. The Nile River travels through 10 countries in Africa, including Eritrea, Kenya, Burundi, Uganda, Congo, Tanzania, Ethiopia, Sudan, Egypt and Rwanda. The statement was issued

Reserve Bank of Zimbabwe Governor, John Mangudya holds a sample of a gold coin at the launch in Harare, Monday, July, 25, 2022.Zimbabwe has launched gold coins to be sold to the public in a bid to to tame runaway inflation that has further eroded the country’s unstable currency. (AP Photo/Tsvangirayi Mukwazhi) By The Associated

By Anadolu Agency Six months into the Ukraine war, the world’s most sanctioned country, Russia, seems relatively comfortable surfing the tidal wave of Western sanctions aimed at swamping its economy. That is the case at least for now, with the full impact of the sanctions and their “moving targets” expected to be fully felt by

Iran earlier reported turning of IAEA surveillance cameras: Reuters/Lisa Leutner By Reuters Iran will keep the UN nuclear watchdog’s cameras turned off until a 2015 nuclear deal is restored, the head of the country’s Atomic Energy Organisation said on Monday, the semi-official Tasnim news agency reported. Iran informed the International Atomic Energy Agency (IAEA) it

IMF headquarters in Washington, DC: Credit AFP/ Saul Loeb By Daily Nation The International Monetary Fund (IMF) wants tighter checks on bank transactions in Kenya amid growing concerns about money laundering by corruption networks. An appraisal report by an IMF team said Kenya should intensify checks on corruption-related money laundering risk in banks and other

The Members of the People’s Assembly of the Federal Parliament of Somalia are having a meeting tomorrow at the headquarters of the People’s Assembly in Villa Hargeisa, following a request from the office of the Prime Minister of the Federal Government of Somalia. President Hassan Sheikh Mohamoud and Prime Minister Hamse had a meeting with