Business

The radar scanner is in position! – Building maritime capacities in Somalia

As part of a larger EUCAP-Somalia project on maritime situational awareness, the Mission donated a radar scanner to the Maritime Police Unit of Bosaso, on the northern Somali coast. The radar enhances the port authorities’ capability to observe maritime activity in the near waters on the Gulf of Aden. Following the construction of a support

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Britain’s Lloyds banks lower profits on rising claims

PHOTO/AFP/File / DANIEL LEAL-OLIVAS British bank Lloyds said Wednesday that first-half net profits slid as it took another hit from mis-sold credit insurance before a key claims deadline, and cautioned over the outlook. Net profits dipped four percent to £2.2 billion ($2.7 billion, 2.4 billion euros) in the first six months of this year compared

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Funds to Kenya troops in Somalia halved

The European Union (EU) and its partners refunded Kenya Sh4.3 billion for its troops fighting Al-Shabaab militia in Somalia in the fiscal year ended June 2019, latest Exchequer statistics show. Cash from African Union Mission in Somalia (Amisom) in the 12-month period was nearly half the Sh8.5 billion the Treasury had budgeted for. The 28-nation

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3 companies pay California $70 million for delaying drugs

FILE – In this July 8, 2016, file photo, a prescription is filled at Pucci’s Pharmacy in Sacramento, Calif. Four pharmaceutical companies are agreeing to pay California nearly $70 million to settle allegations that they delayed drugs to keep prices high. California Attorney General Xavier Becerra said Monday, July 29, 2019, that the bulk of

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Turkish armored vehicle manufacturer Katmerciler records first exports

Photo/Daily Sabah Armored vehicle manufacturer Katmerciler has recorded its first export after it signed a $20-million deal to sell Hızır, the most powerful armored combat vehicle in its segment, to an undisclosed African country. The delivery will be completed in the 2019-20 period. Hızır has recently entered the inventory of the Turkish Armed Forces (TSK),

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Boris Johnson takes control of Brexit as Britain’s new prime minister

Britain’s new Prime Minister, Boris Johnson, delivers a speech outside Downing Street, in London, Britain July 24, 2019. REUTERS/Hannah McKay Boris Johnson took office as British prime minister on Wednesday after an audience with Queen Elizabeth, a moment that put an avowed Brexiteer in control of Britain’s exit from the European Union for the first

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Restructuring Deutsche Bank posts $3.45 billion loss

FILE – In this Monday, July, 8, 2019 file photo, a Deutsche Bank sign is seen on the outside of their building in London. Deutsche Bank releases second-quarter earnings on Wednesday, July 24. (AP Photo/Natasha Livingstone, file) Deutsche Bank says it lost 3.1 billion euros ($3.45 billion) in the second quarter as it booked heavy

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Somali and Qatar governments have good relations and they do not interfere in their internal affairs.

Photo/Somali Times A statement from the office of the government of Qatar has said the report published in the New York Times, the government of Qatar, along with this answer. “The Qatar government has always relied on its foreign policy to create a stable and prosperous environment, and do not interfere with the independence and

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Somalia secures 29 mln USD to improve infrastructure projects

Somalia has secured about 29 million U.S. dollars from the African Development Bank (AfDB) for water and sanitation and roads projects designed to improve livelihoods and boost the country’s resilience.AfDB president Akinwumi Adesina said the grants would help improve quality of life, inclusiveness and engender resilience in the communities, especially in Kismayo and Baidoa, Where

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The Latest: Boris Johnson wins race to be UK prime minister

Conservative Party leadership contender Boris Johnson, right, leaves his office in London, Monday July 22, 2019. Voting closes Monday in the ballot to elect Britain’s next prime minister, from the two contenders Jeremy Hunt and Boris Johnson, as critics of likely winner Boris Johnson condemned his vow to take Britain out of the European Union

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