Business

Somali President Receives Credentials from Canada and Austria

Photo/Somali Times Mogadishu, (Somali Times) The President of the Federal Republic of Somalia, H.E. Mohamed Abdullahi Mohamed, received credentials from the new Ambassadors of Austria and Canada in Somalia. The President of the Federal Republic of Somalia receives Ambassador Austria, Mr. Christian Fellner, emphasized the commitment to boost bilateral relations, thanks to the government and

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Don’t expect debt relief, United States warns Africa

Tibor Nagy, the U.S. Assistant Secretary of State for Africa, speaks during a news conference on the case of Sudan, in the U.S. Embassy in Addis Ababa, Ethiopia June 14, 2019. REUTERS/Tiksa Negeri/File Photo African countries running up debt they won’t be able to pay back, including to China, should not expect to be bailed

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Pompeo discusses Iran with Gulf allies amid escalating crisis

U.S. Secretary of State Mike Pompeo meets with Saudi Arabia’s King Salman bin Abdulaziz at Al Salam Palace in Jeddah, Saudi Arabia June 24, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS U.S. Secretary of State Mike Pompeo discussed Iran and maritime security with rich Gulf Arab allies during a trip to the region

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Oil prices up on U.S.-Iran tensions

FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Basra, Iraq June 1, 2019. REUTERS/Essam Al-Sudani/File Photo Oil prices rose on Monday, extending vast gains last week prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on

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Pompeo arrives in Saudi Arabia as Iran threatens US drones

U.S. Secretary of State Mike Pompeo, left, walks with Saudi Foreign Minister Ibrahim Abdulaziz Al-Assaf, as Pompeo arrives in Jeddah, Saudi Arabia, Monday, June 24, 2019. Pompeo is conducting consultations during a short tour of the Middle East, including visits to Saudi Arabia and United Arab Emirates. (AP Photo/Jacquelyn Martin, Pool) U.S. Secretary of State

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China Focus: African ministers in Beijing to discuss closer cooperation with China

Chinese State Councilor and Foreign Minister Wang Yi held talks or meetings here Sunday with foreign ministers from eight African countries, who are here to attend the upcoming coordinators’ meeting on the implementation of the Forum on China-Africa Cooperation (FOCAC) Beijing Summit outcomes. The foreign ministers are Sierra Leone’s foreign minister Nabeela Tunis, Gabon’s foreign

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Exclusive: White House’s Kushner unveils economic portion of Middle East peace plan

White House senior adviser Jared Kushner is interviewed by Reuters at the Eisenhower Executive Office Building in Washington, U.S., June 20, 2019. REUTERS/Kevin Lamarque The White House on Saturday outlined a $50 billion Middle East economic plan that would create a global investment fund to lift the Palestinian and neighboring Arab state economies, and fund

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Somali Minister of Petroleum has signed an agreement with Shell, Exxon Oil Company

Photo/Somali Times Mogadishu (Somali Times), The Minister of Petroleum and Minerals of Somalia have announced that it will the state-owned agreements with the Shell Exxon Oil Company. Minister of Minerals and Petroleum of the Somali Government Mr. Mohamoud Abdiqadir Hilal told the media that the ministry has signed an agreement with Shell Exxon Company International,

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Trump, Saudi prince discuss Iran ‘escalatory behavior’

Call comes amid heightened tensions in region following Iranian downing of US drone U.S. President Donald Trump spoke Friday with Saudi Crown Prince Mohamed bin Salman to discuss Iran’s “escalatory behavior.” In addition, the leaders “discussed Saudi Arabia’s critical role in ensuring stability in the Middle East and in the global oil market,” the White

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China’s Xi pushes economic reform at North Korea summit

In this Thursday, June 20, 2019, photo provided by the North Korean government, North Korean leader Kim Jong Un, right, and Chinese President Xi Jinping, left, watch a mass gymnastic performance at the May Day Stadium in Pyongyang, North Korea. The content of this image is as provided and cannot be independently verified. (Korean Central

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