Business

Iran’s president: New oil field found with over 50B barrels

In this photo released by the official website of the office of the Iranian Presidency, President Hassan Rouhani speaks in a public gathering at the city of Yazd, some 410 miles (680 kilometers) southeast of the capital Tehran, Iran, Sunday, Nov. 10, 2019. Iran has discovered a new oil field in the country’s south with

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Turkey: How to achieve healthy economic growth?

Turkish official says small businesses should be protected from big companies For a healthy economy, all stakeholders should get their share of the pie, a senior official of the Turkish Presidency said. Just producing is not enough, said Hakan Yurdakul of the presidency’s Economic Policies Council, adding equitable distribution is key for a sustainable economy.

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Sudan launches its first ever satellite in partnership with China

Xinhua, China’s state news agency, reported that the satellite was launched on Sunday from the northern Chinese province of Shanxi [Reuters] Sudan’s first-ever satellite to carry out research in military, economic and space technology has been launched by China, the African country’s governing council said. General Abdel Fattah al-Burhan, head of Sudan’s sovereign council, announced

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US makes fresh Kenya pitch to counter China

US Ambassador to Kenya Kyle McCarter US Ambassador to Kenya Kyle McCarter on Monday threw a jab at Chinese relations with Kenya, suggesting it is heavily skewed in favour of the Asian economic giant and saddles the latter with debt. Mr McCarter, speaking at the American Chamber of Commerce (AmCham) Business Summit in Nairobi, at

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Prime Minister Khaire Meets Danish Minister of Foreign Affairs

Photo/Somali Times Mogadishu, Prime Minister Hassan Ali Khaire and Minister of Foreign Affairs Denmark, Jeppe Sebastian today arrived in Mogadishu at the meeting discussed cooperation and strengthening relations inherent in both countries and maintain the support of the re-Denmark country recovery. The Minister of Foreign Affairs, thanked the wide reception, said the partnership between the

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Somalia to launch first oil licensing round in December

By Wendell Roelf Up to 15 blocks could be offered in first round Blocks may contain 30 bln barrels of oil – minister Somalia is planning to launch its first ever oil and gas licensing round in December, its oil minister said on Tuesday, as the frontier market looks to attract new investment after decades

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American tycoons jet into Kenya today in hunt for deals

American officials, accompanied by business tycoons, will jet into Nairobi today to start a packed two-day meeting with government and private sector leaders in hunt for trade and investment deals in Kenya. The US delegation led by Deputy US Trade Representative C.J. Mahoney is expected to scout for business opportunities in East Africa’s largest economy

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Parliament elects Labour lawmaker Hoyle as Speaker

Labour MP Chris Bryant gives a speech during the election for the new Speaker of the House of Commons, in London, Britain November 4, 2019, in this screen grab taken from video. Parliament TV via REUTERS. Opposition Labour lawmaker Lindsay Hoyle was elected speaker of Britain’s House of Commons on Monday and will take on

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Somali Parliament Speaker meets with British Ambassador to Somalia

Photo/Somali Times Mogadishu, Somali Parliament Speaker Mohamed Mursal Sheikh Abdirahman on Monday received a British Ambassador to Somalia. Ben Fender. The ambassador the discussed the strengthening of bilateral relations, and the ambassador briefed the Parliament Speaker on the plight of Somalia. British Ambassador to Somalia Ben Fender OBE, Chairman of the House of the People

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Qatar affirms support for Somalia’s development

Deputy Prime Minister and Minister of Foreign Affairs H E Sheikh Mohamed bin Abdulrahman Al Thani has said that the State of Qatar will continue to be a key supporter of Somalia and will spare no effort in providing the necessary assistance for development plans and programmes of government of Somalia in partnership with the

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