Business

China welcomes U.S. decision of suspending China tariff hike

China welcomes the U.S. decision of suspending the tariff hike of goods imported from China, said the Customs Tariff Commission of the State Council on Saturday. The Chinese tariff authority said it accepted the statement from U.S. Trade Representative Office, which states that Chinese goods that have been subject to tariffs since September 2018 will

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Trump says he walked from deal with North Korea’s Kim over sanction demands

U.S. President Donald Trump holds a news conference after his summit with North Korean leader Kim Jong Un at the JW Marriott hotel in Hanoi, Vietnam, February 28, 2019. REUTERS/Leah Millis U.S. President Donald Trump said on Thursday he had walked away from a nuclear deal at his summit with Kim Jong Un because of

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Qatar to support the Somali budget with USD 73 Million

The Amir Sheikh Tamim bin Hamad al-Thani discussed with Somalia’s President Mohamed Abdullahi Mohamed the strong bilateral relations between the two countries and ways to boost and develop them in various fields. During the talks held on Wednesday at the Amiri Diwan, the developments in Somalia were reviewed and the Amir directed to support the

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Somalia president receives warm welcome in Doha

The President of the Federal Republic of Somalia, H.E Mohamed Abdullahi Mohamed and his delegation arrived in Doha, following talks with Emir of Qatar Sheikh Tami Bin Hamad Al Thani. Somalia President H.E Mohamed Abdullahi Mohamed has been welcomed at the airport by Qatari officials and welcomed the of the Qatar government and the diplomats

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Don’t overlook Africa’s ‘fragile’ states for social businesses, urge industry experts

African nations such as Somalia may be perceived as conflict-ridden and risky for business but “fragile states” can be an untapped opportunity for social enterprises that are flexible and think out-of-the-box, said industry experts. The Organisation for Economic Cooperation and Development (OECD) lists 58 countries as “fragile states” – most of which are in Africa

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Somali President had Speech at the Arab-EU Summit. in Egypt

Sharm el-Sheikh, Excellences, Ladies and Gentlemen, It is an honour and a privilege to be among distinguished colleagues, friends and partners for stability, progress and prosperity in this first ever Arab-EU Summit. I thank the Government of the Arab Republic of Egypt for the warm hospitality afforded to myself and delegation and for hosting this

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Global stocks rise after Trump tariff extension

Photo (AP) China’s main stock index jumped to an eight-month high Monday and other global markets advanced after President Donald Trump agreed to postpone a tariff hike on Chinese goods. In early trading, London’s FTSE 100 rose 0.4 percent and Germany’s DAX gained 0.6 percent following Trump’s announcement after talks on a fight over Beijing’s

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First Saudi female ambassador replaces king’s son in US

Princess Reema Bint Bandar al-Saud, speaks during the investment conference in Riyadh. (photo credit: REUTERS/FAISAL AL NASSER) Saudi Arabia has appointed its first woman ambassador to represent the kingdom in the United States, pulling a son of King Salman back to the kingdom to serve as defense minister. The state-run Saudi Press Agency announced the

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Water deal crucial for Kenya oil project might slip into third quarter: Tullow

A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country’s only oil project, may be slightly delayed to the third quarter, a Tullow executive said on Friday. Tullow, with partners Total and Africa Oil, is working towards a

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Tanzania and Barrick Gold reach final operating agreement

The Barrick Gold Corporation has negotiated a deal to end the dispute between its subsidiary Acacia Mining and the Tanzanian government. Under terms of the deal, Barrick will pay Tanzania $300 million (USD). As part of another deal reached previously, Tanzania gets a 16 percent stake in three gold mines the company operates in the

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