European Union countries agreed on Wednesday to a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China. Under the plan, developed in the wake of a surge in Chinese investments, the European Commission would investigate foreign investments in strategic technologies and infrastructure such as ports or energy networks. Negotiators for the

The United States has renewed a “permanent diplomatic presence” in Somalia, the State Department said, nearly 30 years after the U.S. embassy was closed as a civil war raged in the Horn of Africa country. Somalia has been trying to recover from the conflict that engulfed the country in 1991, when clan warlords overthrew a

Mogadishu-The Minister of Foreign Affairs and International Cooperation, Ahmed Isse Awad on Tuesday received in his office at the Ministry a copy of the credentials of His Excellency Mr. Mehmet Yilmaz, Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to the Federal Republic of Somalia. The minister exchanged views on several files with the

Saudi Arabia told the World Trade Organization (WTO) on Tuesday that national security concerns meant it “simply will not engage in dispute settlement procedures” in an intellectual property dispute with Qatar, according to a transcript seen by Reuters. The European Union and Turkey supported Qatar’s position at the WTO dispute settlement meeting, while the United

The Somali Immigration and Naturalization Authority has said it will resume the issuance of the Somali passport after the delay of the delay in the passport issued by the immigration service. Officials from the Immigration and Naturalization Service told the media that on the 4th of December they will officially begin issuing passport services and

Qatar is to leave the Organization of the Petroleum Exporting Countries (OPEC) next month, the Gulf emirate’s new Energy Minister Saad al-Kaabi announced on Monday. “Qatar has decided to withdraw its membership from OPEC effective January 2019,” Kaabi said at a press conference in Doha. According to the minister, the emirate will no longer remain

Kenya’s debt is still manageable, the country’s Cabinet Secretary National Treasury and Planning Henry Rotich said on Sunday. Rotich’s remarks came after the International Monetary Fund raised its assessment of the East African country’s risk of debt distress to moderate. According to CS Rotich, Kenya’s nominal debt-to-gross domestic product is still sustainable at 55 percent,

US president on Saturday agreed to not raise the tariff rate on goods imported from China, the White House announced. According to a statement issued by the White House, President Donald Trump and Chinese President Xi Jinping held a “highly successful meeting” during the sidelines of the G20 summit in the Argentinian capital. “On Trade,

Somalia plans to launch its first international bidding for oil exploration next year and has sought Egypt’s experience in this field, Egyptian Minister of Petroleum and Mineral Resources Tariq el-Molla has said. Somalia’s chances for the discovery of offshore oil fields are rising because it has the longest coast in Africa, he said Friday. During

Somaliland has opened its gates for Kenyan investors to venture into their country. The country’s Foreign affairs and international cooperation minister Yasin Mohammed Hiir said his country is interested in opening its doors on foreign investors keen in not only trading with Somaliland but also creating opportunities for the growing youthful population looking for jobs