Business

US approves possible sale of Patriot missiles to Turkey

Sale would include 80 Patriot missiles, 60 other missiles, associated equipment, says Pentagon security cooperation agency WASHINGTON -The U.S. State Department has approved a possible foreign military sale of the Patriot air and missile defense system to Turkey for an estimated total of $3.5 billion, the Pentagon said Tuesday. According to the Defense Security Cooperation

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Somalia Issues Fishing Licenses to Chinese Operators

Chinese fishing vessel (file image courtesy Tim Watters) Somalia has issued a large number of fishing licenses to Chinese operators, raising concerns among domestic fishermen that foreign fishing pressure in Somali waters will increase. In a ceremony on December 11, Somali President Mohamed Abdullahi Farmajo announced that his administration has granted 31 fishing licenses to

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Foreign investors’ role increasing in China’s A-share market: report

Foreign investors are playing a more important role in China’s A-share market in recent years, which will improve market functioning and boost the performance of large-cap equities and consumer stocks, China Daily reported Monday. Holdings of foreign investors in the A-share market accounted for about 2.5 percent of total market capitalization as of June this

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UK signs air service deal with Switzerland for post-Brexit flights

FILE PHOTO: Secretary of State for Transport, Chris Grayling, arrives in Downing Street, London, Britain, December 4, 2018. REUTERS/Henry Nicholls Transport minister Chris Grayling will sign an agreement with Switzerland on Monday to ensure air services continue to operate between the two countries after Brexit. Britain is due to leave the European Union in March

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Regional alliance should be reshaped: FM

Doha: Deputy Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman Al Thani, participated in the 18th edition of Doha Forum in the opening plenary session, The Global Order Revisited: Old Actors, New Alliances, with Hassan Ali Khairi, Prime Minister of Somalia; Maria Fernanda Espinosa, President of the United Nations General

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Britons will have to pay 7 euros for visa-free travel to EU after Brexit

British travellers will have to pay 7 euros (6.29 pounds) for a three year pre-travel authorisation to visit the European Union after Brexit, provided London seals a divorce agreement with the bloc. The EU is readying a new electronic visa waiver system by 2021 to beef up security. The bloc’s executive proposed to exempt Britain

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Somalia and Eritrea Presidents agree to enhance two nations’ relations

Mogadishu, Dec. 14, 2018:President Mohamed Abdullahi Mohamed , President of the Federal Republic of Somalia and President Isaias Afwerki, President of the State of Eritrea, held a two-day consultation meeting in Mogadishu, Somalia on December 13th-14th 2018. The two Presidents held bilateral discussions at Villa Somalia and they agreed to strengthen the two nations historical

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Qatar government launches construction of Hobyo Port

Doha-Somali Times Minister of Transport, Communications and Qatar, Jassim Bin Saif Ahmed Al Sulaiti, announced that his government will begin construction of the Hobyo port in Mudug region. The minister said the project started in private talks with Prime Minister of Somalia, Mr. Ali agenda, and visit in Qatar. Minister of Planning, Investment and Economic

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Eritrean President arrives in the capital, receives a warm welcome

Mogadishu-Somali Times President of Eritrean Republic, Asias Afwerki has on Thursday arrived in the Somali capital, Mogadishu for a historic visit after receiving an official invitation from President of the Federal Republic of Somalia, Mohamed Abdulahi Mohamed, President Mohamed and other Government officials welcomed Mr. Afwerki and his delegation at Mogadishu International Airport. “It is

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The Eritrean president set to arrive in Mogadishu under tight security

Eritrean president, Isaias Afwerki will be arriving in Mogadishu today barely two months after a delegation from his country visited Somalia to deepen the bilateral relations of the two countries. Somali presidency on Thursday in a Twitter post confirmed that a high-level delegation led by president Isaias Afwerki would be arriving in Mogadishu to hold

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