Business

Somalia: World Bank Ink New Agreement

Mogadishu- Somali Times The Somali Finance Minister , Dr. Abdirahman Duale Beyle and World Bank Director for East Africa, Bella Bird signed today $ 80 Million for the first part of the world bank project sponsored by the Somali government. The Finance Minister said the World Bank has been greatly welcomed by the government and

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Somali Minister Post, Telecom attends the ITU Conference in Dubai

Dubai- Somali Times A delegation led by Somalia’s Post, Telecom and Technology minister is attending the 20th Plenipotentiary Conference (PP-18) of the International Telecommunication Union , which kicked off at the Dubai World Trade Center in Dubai, UAE. The Plenipotentiary Conference is the highest decision-making body of the ITU, the United Nations specialized agency for

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Philippine president calls for closer cooperation with China on energy, infrastructure

Philippine President Rodrigo Duterte on Monday expressed willingness to make joint efforts with China to strengthen cooperation in the fields of energy and infrastructure. “Now the shortage of energy and infrastructure hampers the Philippine economy, so the Philippines is willing to enhance cooperation with China in such areas,” Duterte said in his meeting with visiting

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China urges U.S. to help developing countries without conditions

The Chinese Foreign Ministry on Tuesday urged the United States to do more to help developing countries without imposing conditions. The United States should put itself in the shoes of developing countries and do more concrete things for them with no political strings attached,” Foreign Ministry spokesperson Lu Kang said at a routine press briefing

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Somalia budget, approves $ 340 million USD budget for 2019

Somalia’s cabinet on Monday approved a budget of 340 million U.S. dollars for the 2018/2019 financial year, which is 65 million dollars more than the previous fiscal year. Finance minister Dr Abdirahman Dual Bayle said the cabinet, which is chaired by Prime Minister Hassan Ali Khaire, noted that 55 percent of the budget will be

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UK austerity ending, as long as Brexit deal gets done – Hammond

LONDON (Reuters) – British finance minister Philip Hammond held out the prospect on Monday of an end to austerity provided the government secures a Brexit deal with the EU, putting pressure on rebels in the ruling Conservative Party to back Prime Minister Theresa May. Delivering his annual budget speech to parliament, Hammond announced a fall

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Report: Israel sold $250m. of sophisticated spy systems to Saudi Arabia

Saudi Arabia and Israel held secret meetings which led to an estimated $250-million deal, including the transfer of Israeli espionage technologies to the kingdom, Israeli media reported on Sunday, citing an exclusive report by the United Arab Emirate news website Al-Khaleej. Some of the spy systems, which are the most sophisticated systems Israel has ever

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Somalia, Qatar agreed to review bilateral ties

The President of the Federal Republic of Somalia, Mohamed Abdullahi Mohamed, met with Minister of State for Foreign Affairs  Sultan bin Saad Al Muraikhi. At the outset of the meeting, the Minister conveyed greetings of Amir Sheikh Tamim bin Hamad Al Thani to the President and his wishes of further progress and prosperity to the

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Erdoğan holds bilateral meetings with Merkel, Putin, Macron ahead of Istanbul summit on Syria

President Recep Tayyip Erdoğan met German Chancellor Angela Merkel and Russian President Vladimir Putin on Saturday in Istanbul ahead of the crucial summit on Syria, which will also be attended by French President Emmanuel Macron. Merkel arrived in Istanbul on mid-Saturday for the summit and greeted by Istanbul Governor Vasip Şahin and Metropolitan Mayor Mevlüt

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Somali Prime Minister opens the OIC meeting in Mogadishu

Somali Prime Minister, Hassan Ali Khaire has opened the meeting of the Organization of Islamic Cooperation contact group on Somalia in Mogadishu on Saturday under tight security. Delegations from Muslim countries are in attendance at the Organization of Islamic Cooperation Ministerial contact group meeting, which is first of its kind to take place in Somalia

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