Business

Canada’s US$1. 1 billion pledge in callable capital support African Development Bank

On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the African Development Bank. Canada’s announcement, to be approved by the Bank’s governors, was made by Maryam Monsef, the Canadian Minister of International Development and for Women and Gender Equality. “I am happy to

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IMF Managing Director Christine Lagarde Supports Somalia’s Efforts to Achieve Debt Relief

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met with Hassan Ali Khaire, Prime Minister of Somalia yesterday in Washington and issued the following statement: “I was very pleased to meet with Prime Minister Khaire and his economic team at the IMF headquarters. We had a very productive meeting and exchanged views

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China’s spreading influence in Eastern Europe worries West

Photo (AP) Coal-powered plants, mobile networks, major bridges, roads and railways: Chinese investments have been booming throughout Central and Eastern Europe’s cash-strapped developing countries, even as European Union officials scramble to counter Beijing’s mounting economic and political influence on the continent. EU member Croatia is hosting a summit Thursday between China and 16 regional countries

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Pompeo: Egypt would face sanctions over Russian Su-35s

Secretary of State does not call Sisi a tyrant, says ‘it’s a mean, nasty world out there’ The U.S. warned Egypt on Tuesday against purchasing Russian Su-35 multi-role fighter aircraft, saying it would face sanctions should it go through with the procurement.”We’ve made clear that if those systems were to be purchased, the CAATSA statute

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Somalia keen to develop strong trade ties with Pakistan: Commercial Attache

Somalia is making adequate efforts on developing, promoting and strengthening trade relations with Pakistan. This was stated by Commercial Attache Khadar Guiled while talking to President Sialkot Chamber of Commerce and Industry (SCCI) on Tuesday. The commercial attache further said there were wide opportunities of establishing joint ventures between Somalia and Pakistan businesses. He said

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Trump praises Egypt’s Sisi despite concerns about human rights, Russian arms

U.S. President Donald Trump meets with Egypt’s President Abdel Fattah Al Sisi in the Oval Office at the White House in Washington, U.S., April 9, 2019. REUTERS/Kevin Lamarque U.S. President Donald Trump praised his Egyptian counterpart Abdel Fattah al-Sisi as a “great president” on Tuesday despite U.S. lawmakers’ concerns about his record on human rights,

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Plans by China Port of Kenya takeover sparks neo-colonialism outcry

Mombasa seaport Plans by China to take over Kenya’s main port are giving some credence to concerns of the Belt and Road Initiative (BRI) being a form of neo-colonialism by the Asian nation that is a global economic powerhouse. Such plans also send a harsh warning to other countries as to the hardline stance by

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10 questions Somalia’s prime minister should answer in Washington

Somali Prime Minister Hassan Ali Khaire begins a visit to Washington on Monday. Meetings are tentatively scheduled at the World Bank and either at or with senior officials from the State Department, Treasury Department, and the United States’ intelligence community. Khaire, who has just begun his third year as prime minister and who was previously

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Amir issues a number of decrees

The Amir Sheikh Tamim bin Hamad Al-Thani issued Sunday Decree No. 17 of 2019 on ratifying a memorandum of understanding to cooperate in the health field between the governments of the State of Qatar and the Federal Republic of Somalia signed in Doha on May 14, 2018, annexed to this decree and shall have the

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Governor Deni says “We respect the DP World Bosaso Port agreement

Bosaso, Somali Times Puntland Governor Said Abdullahi Deni speaks at the signing of the P & O Port under the DP World Company to manage the port of Bosaso. Speaking at the ceremony, Governor Deni today arrived at the port of Bosaso, the town of the port city of Bosaso. Governor Deni thanked to DP

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