Business

Somali foreign minister receives Qatar’s Ambassador in Somalia

Mogadishu–Minister of Foreign Affairs and International Cooperation, Mr Ahmed Issa Awad was received by his Excellency Mr Hassan bin Hamza bin Asad Hashim, the State Minister for Foreign Affairs of the Federal Republic of Somalia. Qatari envoy conveyed greetings from his minister on Mr Ahmed Awad, while Somali Minister of Foreign Affairs sent his greetings

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Turkey’s benchmark stock index rises 3.5 pct at close

Ankara–Turkey’s benchmark stock index closed Wednesday up 3.51 per cent at 95,368.59 points with a total trading volume of around 11.3 billion Turkish liras ($2.3 billion). BIST 100 index surges more than 3,200 points from the previous close Borsa Istanbul’s BIST 100 index ended the day with a 3,234.78-point hike from Tuesday’s close at 92,133.82

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China, Rwanda strengthen bilateral ties

Ankara–China and Rwanda strengthened bilateral relations by signing 15 agreements during Chinese President Xi Jinping’s official visit to the east African country’s capital on Monday. Rwandan President Paul Kagame received his Chinese counterpart in Kigali. 15 agreements signed during the official visit of the Chinese president to Rwandan capital Kigali At a joint press conference,

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Kenya loses UK market share to Rwanda, Dar

Kenya must raise production standards and up its marketing to counter similar efforts by its neighbours racing for a pie of the United Kingdom (UK) market, latest trade and investment report states. According to the latest study by the Overseas Development Institute (ODI) exports to the UK from the rest of the world have risen

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Turkey’s economic outlook promising, Treasury and Finance Minister Albayrak says

Turkey is continuing its strong economic growth trend and the foundations of its economy are strong, Treasury and Finance Minister Berat Albayrak said Sunday. Albayrak, who is in Argentina for a G20 meeting, was quoted by Anadolu Agency (AA) as saying the government’s recent policies were aimed at maintaining prudent fiscal policies, seeing healthy credit

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US to provide $200 million in security aid to Ukraine

Washington-The Pentagon announced Friday that it will provide $200 million in security cooperation funds to Ukraine to strengthen the defensive capacity of its armed forces. The move is a reaffirmation of longstanding defence ties between the two countries, Pentagon says a press release, the Pentagon noted that the Trump administration’s decision is a reaffirmation of

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Somalia Joins Comesa

During the one-day meeting, the Ministers and AGs adopted the Agreement for Accession of Somalia to the Comesa Treaty in readiness for the country’s admission to the regional bloc. This follows successful conclusion of negotiations between Somalia and the Comesa Bureau of the Council of Ministers that took place early this week in Lusaka. It

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Somalia plans for stability and development: international community strengthens support

The Forum, organised by the European Union together with the Federal Government of Somalia and the Kingdom of Sweden, gathered representative from 58 countries and 6 international organisations. It brought together the Somali President Abdullahi Mohamed, High Representative Federica Mogherini and Swedish Foreign Minister Margot Wallström. The conference aimed at raising awareness and support for

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Opening remarks by High Representative/Vice-President Federica Mogherini at the EU-Somalia Partnership Forum

Dear President of Somalia, Mohamed Abdullahi Mohamed, Margot Wallstrom, Foreign Minister of Sweden, dear friends, It is a pleasure for me to see so many of us gathered today with a commitment to a peaceful and stronger Somalia. I would, first of all, convey our appreciation and our thanks to all of you and your

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Somali President and a delegation headed Brussels

Mogadishu, July 14, 2018: The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed and a delegation headed today in Brussels. The president will take part in chairing the Somalia Development Forum in Brussels on July 16 -17. This conference follows the previous meetings between London and Mogadishu on security, Politics, elections, finance,

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