Relations between Washington and Ankara will strengthen with investment and trade President Recep Tayyip Erdoğan said on Wednesday in his speech to top U.S. executives at the Presidential Palace Complex in Ankara. Turkey will not compromise on free-market principles, Erdoğan said according to the text of his speech seen by Reuters, and Turkey will continue

Britain should not give preferential treatment to citizens from the European Union in its post-Brexit immigration system, a report commissioned by the British government said on Tuesday. The Migration Advisory Committee (MAC), an independent body which gives the government advice on migration, also said Britain should make it easier for higher-skilled workers to migrate than

Mogadishu – The Minister of Foreign Affairs and International Cooperation of the Federal Republic of Somalia Mr Ahmed Issa Awad has received his office in the European Union Special Representative for Somalia, Dr Fulgencio Garrido Ruiz. Mr Ahmed Issa Awad, the Special Representative of the UN Secretary-General (SRSG), addressed the two sides, including the latest

Leaders from Ethiopia and Eritrea signed a “peace agreement” on Sunday during a summit in Saudi Arabia, yet another sign of warming ties between two nations that have faced decades of war and unease. Terms of the agreement signed by Ethiopian Prime Minister Abiy Ahmed and Eritrean President Isaias Afwerki weren’t immediately clear. Saudi authorities

Muscat: In an interview, Kiprono Kittony, National Chairman of the Kenya National Chamber of Commerce & Industry, expressed his country’s interest in the Omani market and its keenness to make use of the Omani Products Exhibition (Opex) 2018 in Kenya from October 29 to November 1, 2018. Excerpts: How important is the visit of the

The U.S. will proceed with $200 billion in tariffs on Chinese imports, according to a report on Friday, a move that reignites a trade war between the world’s two largest economies. U.S. President Donald Trump met with Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer on Thursday, the report

The Somali economy is projected to grow at an annual rate of between 3 and 4 percent, the World Bank said in a report released on Thursday,According to the World Bank’s third Somalia Economic Update (SEU), the country’s economy grew by an estimated 2.3 percent in 2017, down from 4.4 percent in 2016, reflecting the

Brexit secretary Dominic Raab admitted that a no-deal Brexit would be disruptive and that the government could not guarantee that it would reach individual agreements to prevent such extra costs as the return of roaming charges. “I think we need to be honest about this. In the event of a no-deal scenario, which is not

The mobile money market is booming in Somalia. Approximately 155 million transactions, worth $2.7 billion or 36% of gross domestic product (GDP), are recorded every month. Mobile money accounts for a high proportion of money supply in the domestic, dollarized economy and has superseded the use of cash; seven out of 10 of Somalis use

LONDON-Turkish and British trade ministers signed MoU for the 6th Turkey-UK Joint Economic and Trade Commission (JETCO) in London on Wednesday. The MoU aimed to enhance economic and commercial ties between the two countries. Speaking at Turkey-UK business forum after signing ceremony, Turkish Trade Minister Ruhsar Pekcan said both countries expected to further develop cooperation