Business

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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Business council calls for boosting Turkish-Somali trade ties

Officials and businesspeople from Turkey and Somalia emphasized developing economic ties between the two countries and called for more initiatives to enhance cooperation in every field. Speaking at a Turkey-Somali Business Council meeting organized by the Foreign Economic Relations Board (DEİK) on Wednesday, the council’s head Ahmet Sami İşler stressed that Somalia has a very

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South Sudan and Egyptian National Petroleum Corp. sign MoU

As a testimony to South Sudan’s growing attractiveness as an investment destination, South Sudan Oil & Power (SSOP) 2019 was host to delegations and officials from Kenya, Ethiopia, Egypt, Somalia, Norway, US and South Africa. During his opening keynote, Minister of Petroleum of South Sudan, Daniel Awow Chuang, expressed the country’s vision in the oil

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Somali Prime Minister asks help of the International Community due to flood disaster

Photo/Somali Times Mogadishu, The Prime Minister of the Federal Government of Somalia. Mr Hassan Ali Khaire, has called on the international community to immediately participate in the rescue efforts in the flood-hit areas of the country. Hassan Ali agenda and sent a letter to all states friendly to Somalia and the international community, said the

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Saudi energy minister: Saudi Aramco’s public offering ‘soon’

Participants watch Saudi Energy Minister Prince Abdulaziz bin Salman on a screen during his speech at the Future Investment Initiative forum in Riyadh, Saudi Arabia, Wednesday, Oct. 30, 2019. The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December,

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UK opposition backs early election in bid to break Brexit logjam

Britain’s Prime Minister Boris Johnson speaks at the House of Commons in London, Britain, October 28, 2019, in this screen grab taken from video. Parliament TV via REUTERS Britain was heading toward its first December election in almost a century after Prime Minister Boris Johnson’s bet on breaking the Brexit deadlock with an early ballot

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U.K. House Prices Remain Stuck in Brexit Stasis, Nationwide Says

Photographer: Simon Dawson/Bloomberg By David Goodman U.K. house prices barely moved this month as the market remained trapped by Brexit uncertainty, according to Nationwide Building Society. Prices edged up 0.2% in October from last month, the mortgage lender said Tuesday. From a year ago, values rose 0.4%, registering sub-1% growth for an 11th month. The

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China accuses US of ‘economic bullying’ over equipment ban

Photo (AP) China on Tuesday accused the U.S. of “economic bullying behavior” after U.S. regulators cited security threats in proposing to cut off funding for Chinese equipment in U.S. telecommunications networks. China would “resolutely oppose the U.S. abusing state power to suppress specific Chinese enterprises with unwarranted charges in the absence of any evidence,” Foreign

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Dubai Faces a ‘Disaster’ From Overbuilding, Top Developer Says

Residential and commercial skyscrapers stand in downtown Dubai, United Arab Emirates | Photographer: Christopher Pike | Bloomberg By Zainab Fattah and Yousef Gamal El-Din Damac chairman calls for construction pause for 1 to 2 years Builder dramatically slashed new developments, Sajwani says Want the lowdown on European markets? In your inbox before the open, every

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