Woman holds British Pound banknotes in this illustration taken May 30, 2022. Reuters/Dado Ruvic/Illustration/File Photo By Reuters Sterling dropped versus the euro and the dollar on Monday, with geopolitical risks and central banks’ monetary policy path still in focus. The pound recorded its biggest daily fall last week since April after Bank of England Governor

File Photo/Somali Times By The East African Tax experts say a weakness in the definition of illicit financial flows is helping looters make away with money from Africa, weakening its growth. Now, they want that definition expanded to include tax evasion and other benefits that emanate from transnational crimes, bribery, embezzlement, and other illegal activities.

By Anadolu Agency A senior US State Department official said Israel has not assured the Biden administration it would refrain from attacking Iran’s nuclear facilities, according to CNN. The official said Friday that it is “really hard to tell” whether Tel Aviv would retaliate on the one-year mark of an attack by the Palestinian resistance

File Photo/Somali Times The press director of the Jubaland presidency, Mohamed Hassan has confirmed the Somali presidency of spending money to insult the Jubaland president Ahmed Moahmed Islam. Read: Why is Somalia an unfortunate country Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017 Read: Somalia Hassan Sheikh’s government is facing a widespread financial crisis

By Anadolu Agency Turkey will not allow the region to be torn apart again with a new agreement like the Sykes-Picot Agreement that divided the Middle East, Turkish President Recep Tayyip Erdogan said on Friday. Signed on May 16, 1916, by Britain and France, the Sykes-Picot Agreement delineated British and French spheres of influence in

The governments of Qatar, Turkey, United Kingdom and the United States, have confirmed their support for the independence of the Federal Republic of Somalia, territorial integrity, and unity and reiterated the need to reduce tensions in the region through mediation efforts led by Turkey. Read: Why is Somalia an unfortunate country Representatives from these governments

Dai Bing, China’s deputy permanent representative to the UN By Xinhua News Agency A Chinese envoy on Thursday called on all Somali parties to keep up the momentum, strengthen dialogue and unity, and stay committed to resolving differences through dialogue. In remarks at the UN Security Council briefing on Somalia, Dai Bing, China’s deputy permanent

By Anadolu Agency The Israeli army conducted an airstrike on Friday targeting the Masnaa area in eastern Lebanon cutting off the international road linking Lebanon and Syria, according to the Lebanese National News Agency. The attack follows Tel Aviv’s allegations that Hezbollah attempted to smuggle weapons across the border. Lebanese Transport Minister Ali Hamieh also

The acting UN envoy to Somalia, James Swan, who delivered a speech at the UN Security Council, underlined the importance of adopting enforceable electoral laws and establishing an independent electoral commission. Read: Why is Somalia an unfortunate country James Swan also reiterated the commitment of the United Nations to support Somalia in overcoming technical, logistical,

File Photo/Somali Times The Somali regional government of Puntland has spoken about its position on the current meeting of the National Consultative Council in Mogadishu, in which President Said Abdullahi Deni is absent. Read: Why is Somalia an unfortunate country The Minister of Information of Puntland, Mohamoud Aidid Dirir who spoke to media strongly opposed