Business

President Farmajo and his delegation received warm welcome in Djibouti: Solution to discuss Somaliland independent.

Photo/Somali Times The President of the Federal Republic of Somalia Mohamed Abdullahi Farmajo and his delegation, including the Prime Minister of the Federal Government of Somalia Hassan Ali Khaire, The Speaker of the House of Representatives, Mr. Mohamed Mursal Sheikh, Minister of Interior, Abdi Mohamed Sabriye, Minister of Petroleum and Minerals Mr. Abdirashid Mohamed Ahmed

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Somali President Farmajo and his delegates travel to Djibouti to discuss Somaliland independent

Photo/Somali Times The President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, and a delegation led by the president has recently departed Mogadishu’s Aden Adde airport, heading for the capital city of Djibouti. The trip to Djibouti is accompanied by Prime Minister Hassan Ali Khaire, Speaker of Parliament Mohamed Mursal Sheikh Abdirahman, Minister Awad

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Turkey intelligence chief pays secret visit to Iraq

Head of Turkish Intelligence Services Hakan Fidan has secretly visited Iraq on Thursday, Russia Today revealed, noting that he met with Iraqi political and government officials. According to Al-Arab newspaper: “The head of Turkish intelligence, Hakan Fidan, made a secret visit to Baghdad, during which he met a number of Iraqi officials in conjunction with

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Minister Awad says, ‘Somalia-Somaliland talks set for next week in Djibouti.’

Photo/Somali Times Talks between Somalia and the break-away region of Somaliland are set to resume next week as President Mohamed Abdullahi Farmajo and President Muse Bihi are expected to meet in Djibouti. Foreign Minister Ahmed Isse Awad told Somali Times Via: Whatsapp Somalia two leaders will meet next week under the aegis of the US

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U.S. ‘deeply concerned’ by Turkish drilling off Cyprus

The United States said it is concerned that Turkish moves to drill for hydrocarbons off the coast of Cyprus are leading to rising tensions in the region, Voice of America said on Thursday. “The United States remains deeply concerned by drilling activities in waters off Cyprus,” VOA quoted U.S. Under Secretary of State Matthew Palmer

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D-day as Yatani tables Sh3.2trn Budget for Kenya

Treasury Secretary Ukur Yatani will Thursday afternoon rally the nation behind his Sh3.2 trillion Budget for the year starting July 1, and which includes new taxes on items like cooking gas and bread and a stimulus package to jumpstart an economy ravaged by the Covid-19 pandemic. Mr Yatani will be presenting his maiden Budget Statement

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African Development Bank and development partners propel Somalia back from the brink

Photo/Somali Times The Bank’s current portfolio in Somalia totals $298 million, covering operations in agriculture, water and sanitation, transport, social and energy, and multi-sectoral projects In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank, paving the way for the lifting of

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Dubai ruler incorporates property firm Meraas into Dubai Holding

Dubai said on Tuesday that its ruler Sheikh Mohammed bin Rashid al-Maktoum is making state-linked property firm Meraas part of his Dubai Holding investment vehicle. The move, which was announced in a statement by Dubai’s media office, follows a sharp downturn caused by the coronavirus crisis, which has hit the emirate’s main economic sectors of

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KDF Somalia war refunds fall 33pc as Covid-19 gobbles cash

Cash reimbursed to Kenya for its troops fighting Al-Shabaab militia in Somalia by the European Union (EU) and its partners in the first 10 months of the current financial year declined by a third amid the ongoing fight against global Covid-19 pandemic and Nairobi’s gradual withdrawal of the forces. Latest exchequer statistics show refunds from

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France announces $16.9 billion in aid for aviation industry

Air France: Photo Credit (Associated Press/Francois Mori) PARIS (AP) — France’s government is pumping 15 billion euros ($16.9 billion) in rescue money into the pandemic-battered aerospace industry, in hopes of saving its hundreds of thousands of jobs and keeping plane maker Airbus and national airline Air France globally competitive. In exchange for aid, companies will

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