Photo: WorldRemit WorldRemit, the global online money transfer service provider, has announced the launch of its remittance services in Somalia. According to the World Bank, every year an estimated USD 1.4 billion in remittances is sent to Somalia by approx. 2 million Somalis in the diaspora. The remittances contribute to 23% of Somalia’s GDP which

By DANICA KIRKA A British judge on Thursday refused to give Venezuela control of over $1 billion in gold sitting in a Bank of England vault, ruling that it is unlawful to give it to the President Nicolás Maduro since Britain does not recognize him as the president. Maduro has demanded the gold to help

The Gambian Foreign Minister Mamadou Tangara. The Gambian Foreign Minister has strongly condemned MPs who want to campaign for Somaliland’s recognition, saying they have no knowledge of the politics and the situation in Somalia. Somaliland that has been the unsuccessful was to find a country of Acceptance appears to change the way they approach and

Oil tankers seen at the Al-Basra Oil Terminal in Iraq [Samuel W. Shavers/Wikipedia] Iraq’s oil exports fell by 11 per cent in June, compared with the previous month, due to the country’s commitment to the OPEC+ agreement to reduce production. The Iraqi Ministry of Oil announced on Wednesday that it exported 2.8 million barrels per

Demonstrations in Ethiopia after the assassination of activist and artist Hachalu Hundessa turned violent, leading to at least 81 deaths and many injuries, officials said. Nationwide protests, and bomb attacks were carried out in different parts of the country on Wednesday, Ethiopian police sources said. Among the deceased are three police officers and 78 civilians,

The UAE has been trying to pressure the US to intervene in Libya in an effort to hinder the gains of the internationally-backed Government of National Accord which is backed by Turkey, a document obtained by TRT World revealed. The news organisation said it received a copy of a letter sent by Emirati Ambassador to

UK and Turkey are very keen to ensure smooth transition by putting FTA in place in 2020, says Britain’s consul general The UK’s exit from the EU will not affect its appreciation of Turkey’s strategic value, and the two sides’ relations will continue, said Britain’s consul general in Istanbul. “Our strategic bilateral relationship with Turkey

Taiwan will establish a representative office in the breakaway African region of Somaliland, Foreign Minister Joseph Wu said on Wednesday, amid an escalating diplomatic tug-of-war between Taipei and Beijing. Taiwan has signed an agreement with Somaliland to “establish good relations” and that the two countries “share a deep-seated love of freedom & democracy,” Wu wrote

Photo/Somali Times Puntland President Said Abdullahi Deni has boycotted the conference calling for Somali President Mohamed Abdullahi Farmajo scheduled to take place in Mogadishu 5-7 in July. , The Puntland parliament’s call not to attend the conference. The Puntland House of Representatives passed a 13-day deadline, one of which was for the President of Puntland

The US will continue to depend on Turkish manufacturing for key parts of F-35 fighter jets through 2022, Bloomberg reported Tuesday, citing a Pentagon official. Although Turkey is still banned from buying F-35s after purchasing Russia’s S-400 air defense system, Lieutenant Colonel Mike Andrews, a Defense Department spokesman, said a decision was made in late