Business

Turkey makes ‘serious investments’ in F-35 project

Foreign minister says Turkey is partner of F-35, already pays around $1.2B for project Turkey is a partner of the project that developed the U.S. F-35 fighter jet and made “serious investments” towards this effort, Turkey’s foreign minister said on Friday. “So far, Turkey spent roughly $1.2 billion on this project and produced [parts] in

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Somalia, Egypt sign three agreements on enhanced ties

Somali Federal Government Minister of Foreign Affairs and International Cooperation, Mr. Ahmed Issa Awad, with Egyptian Foreign Minister Shoukry in Cairo on Thursday. The dialogue is focused mainly on brotherly relations and cooperation between Somalia and Egypt and the way to strengthen and develop a region that serves the interests of the two countries and

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Global stocks sink after Wall Street declines

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, April 18, 2019. Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. (AP Photo/Ahn Young-joon) BEIJING (AP) — Global stocks fell Thursday after Wall Street declined despite encouraging Chinese economic

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China’s Q1 GDP growth steady at 6.4%, beating forecast

China’s economy expanded by 6.4 percent year-on-year in the first quarter of 2019, enjoying a stable performance with growing positive factors, the National Bureau of Statistics (NBS) said on Wednesday. The GDP stood up by 6.4 percent year-on-year at 21.34 trillion yuan (about 3.18 trillion U.S. dollars) in the first three months of the year,

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Puntland Governor Deni meets with DP-World Chairman and receives $ 5 Million US Dollar Bosaso port agreement

United Arab Emirates, Somali Times. Elderly clans Business people against, the Bosaso port agreement. Somalia government Ban DP-World to operate in Somalia even parliament they vote against DP-World, The Governor of the Puntland State of Somalia Mr Said Abdullahi Deni met with the Chairman of DP-World, led by Sultan Ahmed bin Sulayem. The Governor was

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World stocks rise on hopes for growth; focus on earnings

Photo (AP) World stock markets advanced Tuesday on upbeat economic data for China and Germany and as investors keep an eye on U.S. corporate earnings reports, which have been mixed so far. Germany’s DAX rose 0.6% to 12,097 after a measure of investor confidence, the ZEW index, rose for a sixth month. The CAC 40

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Turkey in talks with US to boost bilateral trade to $75B, Albayrak says

Treasury and Finance Minister Berat Albayrak held talks Monday with his counterparts in Washington to increase the trade volume between the countries to $75 billion, up from the current $25 billion. Albayrak also met with U.S. President Donald Trump during his visit to the White House and talked about Turkey’s purchase of the Russian S-400

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IMF tips Kenya economy to hit Sh10trn this year

Treasury CS Henry Rotich The size of Kenya’s economy is projected to reach the Sh10.1 trillion mark this year, the latest statistical estimates by the International Monetary Fund (IMF) have shown. This will mark the largest absolute expansion in recent years, with the gross domestic product (GDP) estimated to rise by Sh1.1 trillion from Sh9

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U.S. Support for Somalia Resiliency and Overcoming Humanitarian Crises

Mogadishu , U.S. Ambassador to Somalia Donald Y. Yamamoto held a roundtable discussion with organizations that work with the people and government of Somalia to overcome humanitarian crises. Joining Ambassador Yamamoto were representatives from: UN World Food Program, UN Food and Agriculture Organization, UNICEF, Mercy Corps, International Medical Corps, UNHCR, and IOM. Each expressed commitment

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Asian shares advance on US-China trade hopes

Photo (AP) Asian markets were mostly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. The Shanghai Composite index rose 0.6% to 3,207.87, after gaining close to 2% in early trading. Japan’s Nikkei 225 index jumped 1.4% to 22,169.11. The Kospi in South Korea

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