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

Nairobi- Mayor of Mogadishu, who is also the governor of Banadir Region, Eng Abdirahman Omar Osman has met with Nairobi Governor, Honorable Mike Sonko in Nairobi and discussed with him ways of establishing multi-dimensional cooperation on different sectors. The governor of Banadir Region has discussed with his counterpart in Nairobi on multi-dimensional reports about transformations

Theresa May’s office said in meeting with Saudi crown prince at G20 summit she stressed importance of holding Khashoggi’s killers accountable Theresa May told Saudi Crown Prince Mohammed bin Salman on Friday that he should take action to prevent incidents like the murder of Jamal Khashoggi from happening again, her office said. Saudi Arabia must

Mayor of Mogadishu and governor for Banadir Region, Hon.Omar Osman, has met with United States Ambassador to Somalia, Mr. Donald Y. Yamamoto and the Chief of USAID, Jeffry Bakkan in Nairobi, Kenya. They discussed current developments within the region, efforts to resettle the displaced people, the challenges faced by the region, as well as the

Days after President Uhuru Kenyatta launched the Kenya Coast Guard Service to boost maritime security and protect the country’s resources like fish and oil, Kenya has signed a deal with six countries that border the Indian Ocean. Speaking on Wednesday during the sidelines of the Blue Economy Conference in Nairobi, Cabinet Secretary for Defence, Raychelle

Chinese President Xi Jinping said on Wednesday that the cooperation between China and Spain under the Belt and Road Initiative (BRI) has many historical and geographical advantages, calling on the two countries to boost cooperation in vast areas. Xi made the remarks during talks with Spanish Prime Minister Pedro Sanchez in Madrid. The two leaders