Business

US rep. introduces bill to ban Saudi arms sales

Washington-A bill in the House of Representatives would halt arms sales to the Saudi Arabia unless Secretary of State Mike Pompeo certifies it did not order the killing of Jamal Khashoggi. Massachusetts Democratic congressman Jim McGovern, co-chair of the Human Rights Commission and the ranking member of the House Rules Committee, took the lead on

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US receives $100M Syria payout from Saudi government as Pompeo lands in Riyadh: report

The Saudi Arabian government reportedly sent $100 million to the Trump administration toward its operations in Syria Tuesday – the same day that Secretary of State Mike Pompeo landed in Riyadh – timing that some are calling too good to be true. According to The New York Times, the funds were allegedly committed by the

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Foreign ministers Ethiopia and Eritrea are in Mogadishu

Mogadishu -Eritrea and Ethiopia’s foreign affairs chief have arrived in Mogadishu, as Somali government officials welcomed Adan Adde airport. The Minister of Foreign Affairs and International Cooperation of the Federal Government of Somalia Mr. Ahmed Issa Awad, other Ministers of the Somali Federal Government and the Ethiopian Ambassador to Somalia welcomed the delegation. Ethiopia and

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IMF head not to appear in economic conference in Riyadh

The Managing Director of the International Monetary Fund (IMF) Christine Lagarde canceled her plans to attend Future Investment Initiative, an economic conference in the Saudi capital Riyadh. Move comes amid the ongoing investigation into the disappearance of Saudi journalist Jamal Khashoggi. “The Managing Director’s previously scheduled trip to the Middle East region is being deferred,”

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Ethiopia’s PM names Ahmed Shide as finance minister

Ethiopia’s Prime Minister Abiy Ahmed on Tuesday named Ahmed Shide as finance minister to replace Abraham Tekeste, the state broadcaster said. Shide was government spokesman before the appointment. Abiy, who took office in April after several years of unrest forced his predecessor to quit, moved to re-constitute his cabinet to make it more inclusive. newsnsideHe

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Turkish entrepreneurs group opens office in Somalia

The largest association of independent businesspeople in Turkey has opened an office in Somalia as part of its drive to expand into Africa. The Independent Industrialists’ and Businessmen’s Association (MUSIAD) now has 209 contact points in 79 countries, the group said on Tuesday. Ibrahim Uyar, the head of MUSIAD’s foreign organization and development commission, said

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British, Turkish foreign ministers meet in London

London-Turkish Foreign Minister Mevlut Cavusoglu met with British Foreign Secretary Jeremy Hunt in London Monday and discussed a range of issues. Among the topics addressed in their closed-door meeting was the case of missing Saudi journalist Jamal Khashoggi, which Hunt said remains “deeply concerning”. “The UK fully supports the Turkish investigation into the incident as

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Google latest to withdraw from Saudi conference

Alphabet Inc’s Google on Monday became the latest company to drop out of a business conference in Saudi Arabia. Pressure has mounted on Saudi Arabia since prominent Saudi journalist Jamal Khashoggi, a U.S. resident, Washington Post columnist and critic of Saudi policies, went missing. He was last seen entering the Saudi consulate in Istanbul on

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Top defense contractors keeping quiet amid Saudi Arabia uproar

Saudi Arabia has long been fertile territory for United States defense contractors, an oil-rich kingdom with an appetite for weapons. Since 1950, the country has spent nearly $90 billion on arms from U.S. defense contractors, according to data compiled by the Pentagon. Last year alone, it spent nearly $5.5 billion. While that isn’t anything close

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JP Morgan, Ford pull out of Saudi investor event amid Khashoggi disappearance

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi. The cancellations could add pressure on other U.S. firms like Goldman Sachs Group

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