Business

Asian shares tumble on poor Chinese trade data

Photo (AP) Shares tumbled Friday in Asia, led by sharp declines in Shanghai and Hong Kong, after China reported its exports plunged more than 20 percent in February from a year earlier. Selling also was fueled by worries that the U.S. and China may not be as close to a trade deal as President Donald

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US $400m Road project linking Ethiopia to Somalia’s Berbera Port kicks off

The government of Somalia and Ethiopia have launched a US $400m road project that will link Ethiopia’s border town of Togochale to Berbera Port in Somalia. Speaking during the launch ceremony, Somaliland’s President Muse Bihi Abdi said the road will provide access for landlocked Ethiopia to an additional seaport and significantly boost trade between the

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US trade gap jumped to 10-year high; record gap with China

Photo (AP) The U.S. trade deficit jumped nearly 19 percent in December, pushing the trade imbalance for all of 2018 to widen to a decade-long high of $621 billion. The gap with China on goods widened to an all-time record of $419.2 billion. The Commerce Department figures released Wednesday undermined a key commitment by President

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Somalia President receives warm welcome in Addis Ababa

Addis Ababa, The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed and his delegation arrived in Addis Ababa, where he welcomed the Prime Minister of Ethiopia. President Mohamed Abdullahi Mohamed is holding talks with the Prime Minister Abiy Ahmed today. The two parties are committed to strengthening relations between the two countries

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Somali President Mohamed is visiting Addis Ababa

Somalia Federal Government president, Mohamed Abdullahi Mohamed is visiting Ethiopian capital Addis Ababa on Tuesday, March 5, 2019, reported state media . He will be meeting with Prime Minister Abiy Ahmed today, to discuss matters related to bilateral and regional issues, according to state media which cited the ministry of Foreign Affairs sources. The source

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Qatar participates in Arab League Council Delegates meetings

The State of Qatar participated on Monday in the 151st Session of the Council of the Arab League at the level of Permanent Delegates under the chairmanship of Somalia as a successor to Sudan, at the headquarters of the General Secretariat of the Arab League. HE Qatar’s Permanent Representative to the Arab League Ambassador Ibrahim

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Kenyan, Ethiopian leaders in Asmara for tripartite summit

Ethiopian Prime Minister Dr Abiy Ahmed and Kenyan President Uhuru Kenyatta arrived on separate flights in Asmara, Eritrea today. The two leaders were accorded warm welcome on arrival by President Isaias Afewerki at Asmara International Airport. The three leaders will discuss timely regional issues in a Tripartite Summit today while bilateral matters will also feature

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Qatar-Somalia: Trusted partners

Since Siad Barre’s government was overthrown in 1991, Somalia has experienced a harsh situation and suffered from long civil war as conflict between various armed factions began struggling for raising their influence. So malis never gave up hopes despite measurable situation to pull out their country out of devastation and chaos and great progress has

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Somalia Foreign Minister calls on the OIC Member States to support debt cancellation

The Minister of Foreign Affairs and International Cooperation, H.E. Amb. Ahmed Isse Awad delivered a speech at a meeting of the 46th Session of the Council of Foreign Ministers of the OIC Member States, which opened on Friday in the UAE capital Abu Dhabi. In his speech, the minister stressed that Somalia is forever grateful

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Canada approves Huawei extradition proceedings, China seethes

Photo Reuters The Canadian government, as expected, on Friday approved extradition proceedings against the chief financial officer of Huawei Technologies Co Ltd, prompting a furious reaction from China. Meng Wanzhou, the daughter of Huawei’s founder, was detained in Vancouver last December and is under house arrest. In late January the U.S. Justice Department charged Meng

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