Business

Sayyid Asa’ad bids farewell to Chinese, Somalian ambassadors

Muscat: On behalf of His Majesty Sultan Qaboos bin Said, His Highness Sayyid Asa’ad bin Tariq Al Said, Deputy Prime Minister for International Relations and Cooperation Affairs, Personal Representative of His Majesty the Sultan received in his office separately on Wednesday Yu Fulong, Ambassador of the People’s Republic of China to the Sultanate and Abdul

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China-Africa ties and the China-Africa Cooperation Forum

China-Africa ties have been greatly influenced by history. The Moroccan scholar and traveller Ibn Battuta’s visit to China in the 14th century, and Admiral Zheng He’s voyage stretching to the coast of Somalia and the Mozambique Channel during the Ming dynasty, established contacts between countries well beyond immediate neighbourhoods. In modern times, China’s interest in

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UK house prices remain stable apart from London, says Nationwide

UK house prices climbed slowly in September as properties in London continued to see their value decline, according to data released on Tuesday by mortgage lender Nationwide. The building society’s house price index showed 2% year-on-year growth for houses across Britain, roughly unchanged from August’s rate of annual increase and matching the slowest pace of

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Oil prices reach four-year high on Iran sanctions and NAFTA deal

Wall Street kicked off the fourth quarter on a positive note on Monday, as a last-minute deal to salvage NAFTA as a trilateral pact helped ease trade concerns. Canada and Mexico accepted more restrictive commerce in the new United States-Mexico-Canada Agreement (USMCA), which will make it harder for global automakers to build cars cheaply in

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Saudi Crown Prince arrives in Kuwait for talks

KUWAIT (Reuters) – Saudi Crown Prince Mohammed bin Salman arrived in Kuwait on Sunday, state media reported, amid expectation that he will discuss oil supplies and a Kuwaiti mediation effort to resolve Saudi Arabia’s conflict with Qatar. Prince Mohammed will hold talks with Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah, state news agency KUNA reported.

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Financial deals herald Somalia’s epic rise from the ashes of war

Somalia’s economy and society are rising, like the proverbial Sphinx, from the ashes of civil war. Mogadishu’s post-conflict economic recovery reflects a savoury mélange of government reforms, investments by Somalia’s new business elite, remittances by the diaspora and new groundswells of international goodwill and financial flows. A new deal for Somalia is in the offing.

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Somali Foreign Minister calls for end to the United Nations arms embargo

The Minister of Foreign Affairs and International Cooperation of the Federal Republic of Somalia, Mr. Ahmed Issa Awad, addressed the United Nations General Assembly on a number of issues related to the political and economic situation in the country.The Minister focused his focus on the security, political and economic gains that the Federal Government achieved.

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East Africa: Kenya Politician Farah Maalim Alleges U.S. Secret Mineral Deal in Somalia

Former Deputy Speaker of the Kenyan National Assembly Farah Maalim has alleged that the US is secretly mining and exporting minerals from Somalia. In a tweet the Kenyan politician who is a regular commentator on Somalia and Horn of Africa issues fell short of naming the minerals he alleges to be secretly exported. ” Every

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UK urges donors to support African Union Mission in Somalia

UK, Somalia, Italy and Ethiopia brought together international partners in support of Somalia’s security, political and economic reforms.Minister for Africa Harriett Baldwin co-hosted the meeting at the UN General Assembly in New York, with Foreign Minister Ahmed Issa Awad of Somalia, State Minister Hirut Zemene of Ethiopia and Enzo Moavero Milanesi, Minister of Foreign Affairs

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EU approves 1st budget support to Somalia as trust grows

JOHANNESBURG (AP) – The European Union says it has approved 100 million euros ($116 million) in its first-ever budget support to Somalia’s government in the latest sign of confidence in a country long shattered by conflict. The EU announcement comes a day after the World Bank said it would provide $80 million in direct financing

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