Photo/Somali Times The opening of the newly built Barawe Airport has been greeted with sharp criticism as Somalis online question the quality of the work, noting the $5 million project did not match the output. According to the Corrupt,Villa Somalia government the construction of the airport cost $ 5 million, but pictures showing a dusty

The Turkish lira extended losses on Thursday, slumping to its lowest level in regular trading since September 2018, as public concern intensified about the potential spread of the coronavirus. The lira dropped 1.4 percent to 6.29 per dollar at 6:14 p.m. in Istanbul. The main BIST-100 index of shares dropped 7.2 percent to 93,713 points.

Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange, Wednesday, March 11, 2020. Stocks are closing sharply lower on Wall Street, erasing more than 1,400 points from the Dow industrials, as investors wait for a more aggressive response from the U.S. government to economic fallout from the coronavirus.

Photo/Somali Times Somalia is dominated by the corruption of every ministry and ministers The resultant political fragility is both a root cause and effect of corruption, which cripples economic development and leaves little room. As one of the world’s leading and longest examples of a failed state, Somalia faces many of the major corruption challenges

According to Somaliland standard. The government of Ethiopia eventually halted the plan of Berbera port development this week. The report comes after completing a formal process of acquiring land in Sudan to develop its own port. Specifically, sources report that Ethiopian Finance minister said, Mr Ahmed Shide an announced visit to Hargeisa, Somaliland capital and

Trader Gregory Rowe prepares for the day’s activity on the floor of the New York Stock Exchange, Monday, March 9, 2020. Trading in Wall Street futures has been halted after they fell by more than the daily limit of 5%. (AP Photo/Richard Drew) Stocks fell sharply Monday on Wall Street on a combination of coronavirus

Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak) The price of oil is slumping amid doubts that OPEC will succeed in agreeing

Turkish President Recep Tayyip Erdogan (L) meets Russian President Vladimir Putin (R) in Moscow, Russia on March 5, 2020. ( Mustafa Kamacı – Anadolu Agency ) Putin, Erdogan discuss situation in Syria’s restive province of Idlib The Russian and Turkish leaders on Thursday met in Moscow in the aftermath of an attack in Syria’s Idlib

A country’s currency tells a lot about its economy and living standards of the people. There is a huge misconception that the biggest and most popular nations often have the best currencies; this is false – especially when Africa is concerned. How do you think the big countries in rank concerning their currency in Africa

Photo/ Somali Times Somalia’s debt, owed at five billion to ($ 5.3 billion), includes the United States ($ 1 billion), Italy ($ 600 million), France ($ 484 Million), United Arab Emirates ($ 256 Million), Kuwait ($ 171 Million), Russia ($ 148 million), Saudi Arabia ($ 109 Million), Japan ($ 96 Million) and the United Kingdom