Business

Somali Ambassador presented his credentials to U.S. President Donald Trump

New Somali ambassador to Washington Ali Sharif Ahmed presented his credentials to US President Donald Trump yesterday. Ambassador Ali Sharif will be the third Somali ambassador to Washington since 2014. Ambassador Ali Sharif has previously served as Somalia’s Ambassador to Ethiopia and France. He also replaces Ahmed Issa Awad, former US ambassador to the United

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Johnson to explore Brexit deal with Juncker over lunch of snails, salmon

British Prime Minister Boris Johnson shakes hands with European Commission President Jean-Claude Juncker during a meeting in Luxembourg, September 16, 2019. REUTERS/Yves Herman By John Chalmers British Prime Minister Boris Johnson will explore his chances of securing a Brexit deal over lunch with European Commission chief Jean-Claude Juncker on Monday, after weekend rhetoric from both

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UK’s worst-case no-deal Brexit plan warns of food shortages, public disorder

An electronic billboard displaying a British government Brexit information awareness campaign advertisement is seen in London, Britain, September 11, 2019. REUTERS/Toby Melville The British government’s plans for a no-deal Brexit warn of severe disruption to cross-Channel routes, affecting the supply of medicines and certain types of fresh foods, and say that protests and counter-protests will

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UK signs agreements worth £31m to support development in Somaliland

The United Kingdom signed an agreement with the government of Somaliland and the Netherlands to support the implementation of Phase II of the Somaliland Development Fund (SDF2) programme, which aims to improve the lives of local people through the delivery of essential public services. SDF2 (£25m, 2018-2022) programme, will be delivered in partnership with the

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Philippines’ Duterte says Xi offering gas deal if arbitration case ignored

Photo/ Reuters Philippine President Rodrigo Duterte said his Chinese counterpart has offered Manila a controlling stake in a joint energy venture in the South China Sea, if it sets aside an international arbitral award that went against Beijing. Duterte said Chinese President Xi Jinping told him during their recent meeting that if he ignored the

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Somalia keen to showcase its untapped oil & gas potential to the world

Following the signing of a new Petroleum Law and Revenue Sharing Agreement in May of this year, as well as the unveiling of its first ever offshore licensing round (15 blocks covering 75,000 sq. km), the Horn of Africa nation is keen to show the world that it is open for business. The law breathes

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UK parliament Speaker John Bercow announces he will quit

FILE PHOTO – Speaker of the House John Bercow speaks in the House of Commons in London, Britain September 3, 2019. ©UK Parliament/Jessica Taylor/Handout via REUTERS Britain’s House of Commons Speaker John Bercow, who played a key role in the three-year Brexit crisis, said on Monday he would stand down from the role, issuing a

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Somalia economic growth likely to inch up this year, World Bank says

File/Photo/Somali Times Somalia’s economy is expected to grow by 2.9% this year, from 2.8% last year, before growth quickens to 3.2-3.5% in the medium term, the World Bank said on Monday. The Horn of Africa country has been in turmoil since 1991, when clan warlords overthrew President Siad Barre and then turned on each other.

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Trump says he canceled peace talks with Taliban over attack

U.S. President Donald Trump departs after presenting NBA Hall of Fame player Jerry West with the Presidential Medal of Freedom in the Oval office of the White House in Washington, U.S., September 5, 2019. REUTERS/Joshua Roberts U.S. President Donald Trump on Saturday said he canceled peace talks with Afghanistan’s Taliban leaders after the insurgent group

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Saudi king replaces energy minister, naming one of his sons

Saudi Arabia’s King Salman replaced the country’s energy minister with one of his own sons Sunday, naming Prince Abdulaziz bin Salman to one of the most important positions in the country as oil prices remain stubbornly below what is needed to keep up with government spending. The new energy minister is an older half-brother to

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