Business

Turkey’s humanitarian diplomacy in Somalia: From past to present

Photo/Somali Times Turkey’s humanitarian and development aid to Somalia is the backbone of the strong friendship between the two historically close allies President Recep Tayyip Erdoğan visited Somalia with his family in 2011, when he was the prime minister, and took important steps eight years ago to ensure lasting peace in the region. Following that

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Kenya debt passes Sh5.9 trillion mark

Kenya’s total public debt load edged closer to the Sh6 trillion mark in the first week of this month even as it emerged that 44 new foreign loan agreements have recently been put before Parliament for approval, or are under negotiation. Total domestic debt is at Sh2.836 trillion while the total external public liability was

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Prince William and wife Kate meet Imran Khan, Pakistan’s PM and friend of Diana

Britain’s Prince William, Catherine, Duchess of Cambridge and Pakistan’s Prime Minister Imran Khan pose after a meeting in Islamabad, Pakistan October 15, 2019. REUTERS/Peter Nicholls Britain’s Prince William and his wife Kate on Tuesday met Pakistan’s Prime Minister Imran Khan, a former international cricket star who the prince played cricket with in London as a

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UK boosts trade and investment partnership with Ghana

The UK International Development Minister Baroness Sugg visited Ghana to strengthen trade and investment ties ahead of the UK-Africa Investment Summit in 2020. Co-hosting the UK-Ghana Business Council alongside the Ghanaian Vice-President Mahamudu Bawumia, Baroness Sugg discussed how UK aid and investment can help Ghana move beyond aid by creating jobs, boosting growth and driving

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Trump imposes sanctions on Turkey, threatens its economy

President Donald Trump speaks at the Values Voter Summit in Washington, Saturday, Oct. 12, 2019. (AP Photo/Manuel Balce Ceneta) Targeting Turkey’s economy, President Donald Trump announced sanctions aimed at restraining the Turks’ assault against Kurdish fighters and civilians in Syria — an assault Turkey began after Trump announced he was moving U.S. troops out of

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Oil, Iran top agenda as Putin visits Saudi Arabia

/POOL/AFP / Alexander Zemlianichenko Saudi King Salman greets Russia’s visiting President Putin Russian President Vladimir Putin arrived in Saudi Arabia on Monday, where he was set to seal oil agreements and try to use his influence to defuse tensions boiling in the Gulf. King Salman and his son, Crown Prince Mohammed bin Salman, welcomed Putin

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Unveiling UK government plan, Queen Elizabeth says priority is to exit EU on October 31

Britain’s Queen Elizabeth delivers the Queen’s Speech during the State Opening of Parliament, next to Charles, Prince of Wales, in London, Britain October 14, 2019. REUTERS/Toby Melville/Pool The priority of Britain’s government is to leave the European Union on Oct. 31, Queen Elizabeth said on Monday, setting out Prime Minister Boris Johnson’s program for a

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World Bank warns Kenya over $85.7b debt ceiling

Kenya’s National Treasury in Nairobi. There has been a rise in government borrowing since President Uhuru Kenyatta came to power in 2013 By NJIRAINI MUCHIRA The World Bank has warned Kenya against piling up more debt than the country can repay, even as Parliament this week approved to raise borrowing ceiling to Ksh9 trillion ($85.7

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Turkish lira slips but traders doubt Trump’s sanctions threat

Photo/Reuters Turkey’s lira slipped 0.6% on Monday after U.S. President Donald Trump warned of “powerful” sanctions over the country’s offensive into Syria, a somewhat muted response that analysts said reflected doubt that the White House would act. The lira TRYTOM=D3 weakened to 5.9205 against the U.S. dollar, on track for its softest close since May,

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Saudi king approves U.S. military deployment: SPA

FILE PHOTO: Saudi Arabia’s King Salman attends a summit between Arab league and European Union member states, in the Red Sea resort of Sharm el-Sheikh, Egypt, February 24, 2019. REUTERS/Mohamed Abd El Ghany/File Photo Saudi Arabia’s king and crown prince have approved the deployment of additional U.S. troops and equipment, after an attack last month

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