Saudi Arabia formally starts IPO of state-run oil firm

A man walks near a compound for Saudi Aramco in Jiddah, Saudi Arabia, Sunday, Nov. 3, 2019. Saudi Arabia formally started its long-anticipated initial public offering of its state-run oil giant Saudi Aramco on Sunday, which will see a sliver of the firm offered on a local stock exchange in hopes of raising billions of

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Italy to ban flights by Iran’s Mahan Air from mid-December

Photo/Reuters Italy is set to ban flights by Iran’s Mahan Air, an Iranian industry official said on Saturday, as the United States seeks action against the airline accused by the West of transporting military equipment and personnel to Middle East war zones. Germany and France have both already banned flights by the airline, and Italian

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US army general in Nairobi amid Al-Shabaab threats

US army delegation at Defense Headquarters. Photo/KDF/Twitter] United States Special Operations Commander General Richard Clarke on Friday visited the country where he was hosted by Defense Secretary Raychelle Omamo. General Clarke’s visit comes amid increased Al-Shabaab threat in the country, compounded by attacks targeting security forces especially at the North Eastern Kenya. Details about the

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How Kenyatta’s family made Sh2 billion in two weeks

President Uhuru Kenyatta at a past function [Source/ State House/Twitter] The family of President Uhuru Kenyatta is Sh2 billion richer after a surge in bank share prices. According to Business Daily Africa, the other beneficiaries are the family of former Central Bank governor Philip Ndegwa and Equity Group chief executive James Mwangi. The trio gained

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Turkey says will send Islamic State prisoners to home countries

Turkish Interior Minister Suleyman Soylu speaks during a news conference for foreign media correspondents in Istanbul, Turkey, August 21, 2019. Ahmet Bolat/Pool via REUTERS Interior Minister Suleyman Soylu said on Saturday Turkey would send captured Islamic State members back to their home countries, and he complained about European inaction on the matter. “That is not

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Trump may read summary of Ukraine call in ‘fireside chat’: interview

U.S. President Donald Trump exhorts regularly on Twitter, referring to a telephone call with Ukraine’s president that led to an impeachment inquiry. Now he is threatening to do just that – on live television. Trump told the Washington Examiner he would not cooperate with congressional impeachment proceedings and might read out loud a transcript of

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Uhuru and Ruto fight for control of Parliament

Photo/Daily Nation/President Uhuru Kenyatta (right) and his deputy William Ruto prepare to welcome Botswana President Eric Masisi at State House, Nairobi, on July 23, 2019. They are waging a supremacy battle in Parliament. The supremacy battle between President Uhuru Kenyatta and his deputy William Ruto has now shifted to Parliament, with both men working separately

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Police to deploy more officers in Somalia

Plans are underway to deploy more police officers in Somalia to help build capacity for the budding Somali police. Mr Grace Turyagumanawe, the police director of Peace Support, who is on a visit to Mogadishu to assess the status of the policing vehicles and welfare of about 160 police officers in Somalia, said there are

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Prime Minister Khaire Increases Military Pay $ 200 a month

Photo/Somali Times The Cabinet today approved a majority vote of $ 459.5 million for the 2020 government budget. The increase in the 2020 budget, most of which is an increase in the army’s pay, with each soldier earning $ 200 a month. Prime Minister Hassan Ali Khaire, who chaired the meeting, thanked the Ministry of

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Qatar and Somalia sign agreement

Minister of Transport and Communications, H E Jassim bin Saif Al Sulaiti (right), witnessed the signing of a preliminary agreement between Qatar and Somalia for the ‘Mutual Inclusion of Each Other’s Territories in the Service Areas of their Satellite Network’ on the sidelines of the Qatar IT Conference & Exhibition (QITCOM 2019). Afterwards, the Minister

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