Business

Turkey offers huge opportunities for foreign students

Turkey has become one of the top destinations for international students as the country offers tremendous opportunities for learning. The importance of the country — located at the crossroads of three continents – has also become clearer in recent years both economically and politically. The government has announced a vision to draw around 500,000 foreign

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East African nations approve individual trade pacts with EU if joint deal not reached

East African countries can individually sign separate trade agreements with the European Union (EU) if a joint deal is not reached within the next four months, according to a statement from a meeting of regional leaders. The East African Community (EAC) and the EU have been at loggerheads for years over signing the so-called Economic

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Russia, Turkey become world’s top gold buyers in 2018

Photo (AP) As the demand for gold increased 74 percent globally in 2018, Russia, Turkey and Kazakhstan became the world’s top buyers of gold, a recent report showed. According to the report published by World Gold Council (WGC), the amount of gold bought by central banks around the world in 2018 came to 651.5 tons

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Security raised as EAC review Somalia’s bid

Regional security concerns were raised here yesterday as the East African Community (EAC) tables the application of Somalia to join the bloc today. “The kind of environment we are living today is that we are threatened by terrorism” lamented Chris Kiptoo, the Kenyan principal secretary for Trade said. He told a gathering at the official

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Small extension to Brexit timetable could be acceptable: Rees-Mogg

British Conservative Party Member of Parliament Jacob Rees-Mogg arrives to a pro-Brexit event by the Bruges Group in London, Britain, January 23, 2019. REUTERS/Toby Melville Prominent British eurosceptic lawmaker Jacob Rees-Mogg said he could accept a short delay to the departure from the European Union on March 29 if Prime Minister Theresa May pursued his

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Exclusive: Venezuela prepares to fly tonnes of central bank gold to UAE – source

FILE PHOTO: Venezuela’s President Nicolas Maduro touches a gold bar as he speaks during a meeting with the ministers responsible for the economic sector at Miraflores Palace in Caracas, Venezuela March 22, 2018. REUTERS/Marco Bello/File Photo Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days

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UK carmakers issue stark warning on Brexit

Britain’s carmakers issued a stark assessment Thursday about Brexit’s impact on the industry, warning Thursday that two-thirds of the country’s global trade is at risk if the U.K. leaves the European Union without an agreement on future trade. Investment in the industry fell 46 percent last year and new car production dropped 9.1 percent to

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Kenya, Somalia commit to joint efforts in trade and war on terror

Kenya and Somalia yesterday discussed how to strengthen their economies and step up the fight against terrorism.Top government officials, including Foreign Affairs CS Monica Juma and her Somali counterpart Ahmed Awad, resolved to engage each other on trade, security, and cultural and socioeconomic matters. The officials, who met in Mandera, said they would cooperate in

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Brexit brinkmanship – UK demands deal change, EU says ‘non’

Photo Reuters British Prime Minister Theresa May was on a collision course with the European Union on Wednesday after lawmakers demanded she renegotiate a Brexit divorce deal that the other members of the bloc said they would not reopen. Less than two months before the United Kingdom is due by law to leave the EU,

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Prime Minister Khaire meets President Kenyatta

Nairobi, His Excellency Prime Minister Hassan Ali Khaire today has meeting President Uhuru Kenyatta. Prime Minister Hassan Ali Khaire and President Uhuru Kenyatta discussed the ongoing relations between the two governments and the fight against terrorism and asserted that the link between the two states was important for the progress and stability of the region

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