Business

UK rich list: Hinduja brothers grab top spot, Reuben brothers in 2nd place

Gopi Hinduja Another Indian-origin billionaire, Lakshmi N. Mittal, suffered 3.99 billion pounds in losses to slip down to No 11 in this year rich list, from No. 5 in 2018 Indian-origin brothers dominate the annual rich list of Britain’s wealthiest, with the Hinduja brothers ranked at No. 1 with a fortune of 22 billion pounds

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RA International Secures Multi-Year UN Services Contract In Somalia

LONDON (Alliance News) – RA International Group PLC said Friday it had secured a new multi-year USD9.8 million support services contract with the United Nations Support Office in Somalia.Under the new deal, RA will provide vehicle and equipment fleet operation and first line maintenance services to UNSOS in up to ten locations in the eastern

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UN labour agency and Italy collaborate to promote decent employment, peace and resilience in Somalia

The UN agency labour, International Labour Organisation (ILO), and the Italian Government signed a new cooperation agreement to promote decent employment, peace and resilience in building the capacity of trade unions in collaboration with the Federation of Somali Trade Unions (FESTU). The agreement was signed by Mr. Carlo Campanile, Italian Ambassador to Somalia, and Mr.

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Turkey works insistently for full EU membership:Erdogan

Turkey struggles to become full member of EU for last 60 years, determined to gain it, says President Erdogan The Turkish president on Thursday reiterated his vow to gain full membership in the European Union despite counter-efforts.”Turkey proceeds on its way persistently despite those trying to exclude it from the European family,” Recep Tayyip Erdogan

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US-China trade talks in shadow of coming tariff increase

A container ship sails off the dockyard in Qingdao in eastern China’s Shandong province Wednesday, May 8, 2019. China’s exports fell unexpectedly in April, adding to pressure on Beijing ahead of negotiations on ending a tariff war with Washington over Chinese technology ambitions. (Chinatopix Via AP) U.S. and Chinese negotiators are to resume trade talks

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Drop in troops budget signals withdrawal from Somalia

The European Union’s compensation budget for Kenyan troops fighting Al-Shabaab in Somalia is set to start falling in the financial year beginning July, signalling the onset of gradual withdrawal from the war-torn nation. Treasury estimates show that Kenya will in the next financial year be demanding the least reimbursement from the EU compared to the

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Singapore, Kenya central banks to jointly organise first ever Afro-Asia FinTech Festival

By: Samantha Chiew The Monetary Authority of Singapore (MAS) and the Central Bank of Kenya (CBK) jointly announced that they will be organising the inaugural Afro-Asia FinTech Festival. The first of its kind event will be held in Nairobi, Kenya, from July 15-16, 2019. It will provide a platform for connections, collaborations and exchange of

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China confirms economy czar going to Washington for talks

FILE – In this Wednesday, May 1, 2019, file photo, members of U.S. and China delegation led by Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, stand for a group photo session after their meeting at the Diaoyutai State Guesthouse in Beijing. Chinese envoys are preparing to

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Qatar will not grant visas to its ‘enemies’, tourism chief says

Akbar al-Baker is also the CEO of Qatar Airways [Naseem Zeitoon/Reuters] Comments were the first suggesting Qatar would no longer grant visas to people from Egypt amid the two-year blockade. Qatar will not grant visas to those it considers “enemies”, the secretary general of the National Tourism Council said in reference to Egyptians seeking to

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Let’s make a Brexit deal, UK PM May tells Labour opposition

Prime Minister Theresa May addresses delegates during the Scottish Conservatives’ annual party conference at the Aberdeen Exhibition and Conference Centre, Friday May 3, 2019. Britain’s main Conservative and Labour parties took a hammering in local elections as Brexit-weary voters expressed frustration over the country’s stalled departure from the European Union. (Jane Barlow/PA via AP) Britain’s

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