Business

Saudi seeks oil supply protection as U.S. and Iran face off

FILE PHOTO: An oil tanker is seen after it was attacked at the Gulf of Oman, in waters between Gulf Arab states and Iran, June 13, 2019. ISNA/Handout via REUTERS Saudi Arabia called for swift action to secure Gulf energy supplies and joined the United States in blaming Iran for attacks on two oil tankers

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Somali Deputy Prime Minister Opens Diaspora Conference in Istanbul

Photo/Somali Times Istanbul, Somali Times Somali Deputy Prime Minister and Minister of Foreign Affairs; Mahdi Mohamed Guled, officially opened a new Somali diaspora in the city of Istanbul, Turkey. The lasts for four days, was talking re-negotiate, trade and environmental issues, with a particular focus on the challenges and opportunities that can benefit from. The

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Shanghai Cooperation Organization declaration calls for greater cooperation

Kyrgyzstan hosts 19th summit of Shanghai Cooperation Organization with leaders from 8-member states, 4 observer countries The Shanghai Cooperation Organization (SCO) on Friday adopted the Bishkek Declaration, calling for greater cooperation among member countries. After their speeches in plenary session in Kyrgyz capital Bishkek, the eight heads of SCO member states signed documents focusing on

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Mogadishu Governor delivers speech development and security progress

Photo/Somali Times Mogadishu, Speech Eng. Abdirahman Omar Osman Mayor of Mogadishu & Governor of Benadir Regional Administration (SDRF) Meeting, 12 June 2019, Mogadishu Deputy Prime Minister, Members of Cabinet, Members of Parliament, Ambassadors, Heads of development agencies, UN Agencies, Distinguished co-chairs, Distinguished guests, Chairperson of the Independent Election Committee, ladies and gentlemen, I would like

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Rouhani: Japan wants to keep buying Iranian oil

Iranian President Hassan Rouhani shakes hands with Japan’s Prime Minister Shinzo Abe, during a welcome ceremony in Tehran, Iran, June 12, 2019. Official Iranian President website/Handout via REUTERS Iranian President Hassan Rouhani said after meeting Japanese Prime Minister Shinzo Abe in Tehran on Wednesday that Japan wants to keep buying Iranian oil, as tension between

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Google makes billions from news websites without paying publishers, study finds

Photo/AFP Google took in some $4.7 billion in revenue in 2018 from “crawling and scraping” news websites without paying publishers, according to an industry-sponsored study released Monday which was disputed by the tech giant and media analysts. The study by the News Media Alliance underscores industry arguments about Google and other online giants harming traditional

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A rebounding Somalia is ready to welcome back those who left, ambassador says

In Augsburg speech, ambassador says skilled workers and investment are needed for country’s “rebirth.” Somalia’s economy is growing. Its government is stabilizing. And for any of those who have left it for places like Minnesota and are thinking of moving back, the country is ready for them. That was the message Monday from Minister of

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Tanzania and Uganda freeze exchange of Kenyan bank notes

Bank of Tanzania has been advised to freeze CBK Currency Collection Account The Bank of Tanzania has frozen exchange of Kenyan bank notes with immediate effect. Through a letter addressed to all financial institutions on Friday, the Tanzanian bank regulator said the Central Bank of Kenya had informed it of assurance of new series of

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AU Special Representative meets Somali President pledges continued Amisom support to Somalia

Photo/Somali Times The Special Representative of the Chairperson of the African Union Commission for Somalia and Head of the African Union Mission in Somalia , Ambassador Francisco Madeira, today met with the President of the Federal Republic of Somalia, H.E. Mohamed Abdullahi Mohamed , and discussed the role that Amisom has to play in the

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G-20 finance officials pledge to protect global growth

U.S. Treasury Secretary Steven Mnuchin, left bottom, and China’s Finance Minister Liu Kun, right top, pose with other participants for a family photo of the G20 finance ministers and central bank governors meeting Sunday, June 9, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko) Finance ministers and central bank chiefs from the Group of 20

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