Business

Fundamentals of Turkish economy ‘very strong,’ Qatari minister says

Fundamentals of Turkish economy are “very strong,” Qatar’s economy and the commercial minister said.”Sometimes in economies, there may be up and downs, but the important thing is fundamentals of economies,” Sheikh Ahmed bin Jassim bin Mohammed al-Thani told Anadolu Agency in Berlin. Last month, Qatar’s Emir Sheikh Tamim bin Hamad al-Thani has said Qatar will

Read More

Pakistan, China renew commitment on economic corridor

The new government in Islamabad on Saturday assured Beijing that the multi-billion dollars economic corridor project will remain a priority for the country. “China-Pakistan Economic Corridor [CPEC] is vital for the socio-economic development of Pakistan and it will prove to be a game changer to the region,” Pakistan’s Foreign Minister Shah Mehmood Qureshi said, during

Read More

Somali government requests states of regional administration’s accountability for “using the federal funds

The Somali government has asked the all-state regional administrations. to provide accountability for “using the federal funds to the federal government”. It also asked the authorities to bring the 2017 cash back into the account. Central bank Somalia. Current Governors meeting in Kismayo A letter from the Somali government Finance Minister’s office said that “a

Read More

China Is Colonising Us Through Loans, City Clergy Migwi Tells Uhuru

Vocal city Pastor Godfrey Migwi has warned President Uhuru Kenyatta from taking more loans from China, saying that it could be a trap to colonise Kenya. The Clergy argues that the loans from China are a crafty means by the Chinese to colonise African countries by advancing them loans they cannot repay. In turn, the

Read More

UK court: Djibouti cannot end contract with UAE ports company

The London Court of International Arbitration has ruled that the Government of Djibouti cannot terminate its agreement with the Dubai-based DP World over the control of the Doraleh Container Terminal. DP World said in a press statement that the court’s decision comes after Djibouti attempted to terminate its agreement with the UAE company and replace

Read More

Ethiopia reopens embassy in Eritrea in further warming of ties

Ethiopia reopened its embassy in the Eritrean capital Asmara on Thursday, the state-affiliated Ethiopian Fana Broadcasting said, a further sign of improving ties after the Horn of Africa neighbours signed a peace accord on July 9. Eritrean and Ethiopian leaders have moved swiftly in the past two months to end two decades of hostility since

Read More

Somalia, Eritrea, Ethiopia to discuss issues between Djibouti and Eritrea

Asmara-Somali Times. The capital city of Asmara in Eritrea was in a three-dimensional between Somalia, Ethiopia and Eritrea, with the leaders of the countries to discuss how to reach solution issues between Djibouti and Eritrea. Somali Foreign Minister Ahmed Issa Awad speaking to the media said the leaders of Somalia, Eritrea and Ethiopia discussed the

Read More

Time to invest in Turkish assets, investment guru says

The U.S.’s rift with it’s NATO ally Turkey is “madness” and the smart people are currently investing in Turkish assets, Jim Rogers, one of the world’s best-known investment gurus, told Anadolu Agency on Wednesday. “It is madness. I have no idea why America is doing this. Turkey has been a long-term ally of the U.S.

Read More

Somalia president tours Huawei’s offices in China

The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed visited Huawei’s Beijing Executive Briefing Centre and met with Yi Xiang, SVP at Huawei. president Mohamed said he looks forward to seeing Huawei contributing to a digitalised Somalia. He expected Huawei’s active involvement in the construction of Somalia by leveraging the power of

Read More

Dutch bank ING pays $897M to settle money laundering case

Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country’s financial prosecution service said in a statement that ING for years failed to adequately implement a law aimed at preventing money laundering and the financing of terrorism by not carrying

Read More