The Federal Government of Somalia and the European Union signed today a € 100 million European Union direct support for the government budget. The agreement was signed at a ceremony held at the prime minister’s office and was attended by Prime Minister Hassan Ali Khaire, saying that the European Union is paying € 100 million

Pakistan said on Thursday it opposed the India-Russia S-400 air defense missile system deal, the foreign office said.”We are opposed to any arms race in South Asia and have been proposing measures for promoting restraint in both the nuclear and conventional dominos,” Mohammad Faisal, Foreign Ministry spokesman, told journalists during his weekly media briefing. He

Somalia , is a sovereign state with its territory located in the Horn of Africa. It is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north, the Guardafui Channel and Indian Ocean to the east, and Kenya to the southwest. It is separated from Socotra by the

Six years ago, Kenya discovered commercially viable oil deposits in the Turkana region. The find is expected to boost economic growth as about 560 million barrels of oil are expected to be recovered from the South Lokichar Basin. Commercial oil production is expected in about three to four years. But not all Kenyans are happy.

Qatar National Bank QISB.QA, the largest bank by assets in the Middle East and Africa, and Qatar Islamic Bank (QNBK.QA), the Gulf state’s largest sharia-compliant lender by assets, have raised a combined $1.3 billion in privately placed bonds, sources familiar with the matter said. Private placements allow debt issuers to diversify their funding base by

European Union Brexit negotiator Michel Barnier said on Wednesday an agreement with Britain could be “within reach” next week, calling for decisive progress in the talks in time for a summit of all 28 EU leaders. Negotiators from both sides have been locked in talks this week to overcome differences on the biggest outstanding hurdle

Turkish President Recep Tayyip Erdogan called on African countries to trade and do joint businesses with Turkey using local currencies. “Let’s save our trade from risks posed by foreign currencies,” he said at the Turkey-Africa Economy and Business Forum in Istanbul on Wednesday. He underlined that they have to take steps to save their countries

At King Khalid International Airport, the Prime Minister was received by Prince Mohammed bin Abdulrahman bin Abdulaziz, Deputy Governor of Riyadh Region; Ahmed bin Abdulaziz Al-Qattan, Minister of State of the Foreign Ministry for African Countries’ Affairs; Eng. Tariq bin Abdulaziz Al-Faris, Mayor of Riyadh Region; Dr. Mohammed Khayat, Saudi Ambassador to Somalia; Major General

Mogadishu, Somalia and Germany have signed a two-year agreement to strengthen the strategic partnership between the two friendly countries to advance the country’s sustainable development programs. Minister of Foreign Affairs and International Cooperation, Mr. Ahmed Isse Awad, signed a two-year agreement with the Federal Republic of Germany in Somalia, Ms Annette Günther, at a briefing

The U.K. would be welcomed into the Trans-Pacific Partnership (TPP) “with open arms” after Brexit, Japanese Prime Minister Shinzo Abe said. Abe’s comments to Financial Times came just before the crucial few weeks that will shape a Brexit deal between the U.K. and the EU. He said Britain would lose its role as a gateway