Business

Erdoğan, Somali counterpart Mohamed meet in Istanbul

President Recep Tayyip Erdoğan met with his Somali counterpart Mohamed Abdullahi Mohamed in Istanbul for talks on Friday, according to a statement from the Turkish presidency. The closed-door meeting between Erdoğan and Mohamed at Vahdettin Pavilion in the Üsküdar district lasted for one hour and fifteen minutes, the statement said. No further details of the

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May cites progress on Brexit after meeting with Juncker

British Prime Minister Theresa May said Wednesday that further progress has been made in Brexit negotiations following a lengthy meeting with EU Commission President Jean-Claude Juncker in Brussels. “We have had a very good meeting this evening. We have made further progress, and as a result, we have given sufficient direction to our negotiators,” May

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Kenya-Somalia border opening to spur trade

The once vibrant Kenya-Somalia border point in Mandera town that has remained closed for several years could soon be reopened. This follows improved security brought about by the ongoing construction of a border wall that has covered nearly 20km since the work started in 2015. A security team led by parliamentary Committee on Defence and

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Israel and Somaliland – long-lost brothers?

Israel and Somaliland have much in common. Israel faces many adversaries that don’t recognize it or its right to self-determination; Somaliland is also unrecognized as a state by most countries. Both share a history with Britain. The British defeated the Ottoman Empire, captured Palestine and later established treaties with the Jewish people in Israel. Somaliland

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President Kenyatta orders repossession of grabbed fish landing sites

President Uhuru Kenyatta has Monday directed the State Department of Fisheries and the National Land Commission to repossess all public fish landing sites that were illegally acquired by unscrupulous people. The President said that all gazetted fish landing sites at the coast, in lakes Victoria and Turkana and any other lakes or rivers in the

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Egypt and Ethiopia to discuss Nile dam dispute: PM

Egypt said on Sunday it would hold talks with Ethiopia in the next two weeks to iron out differences over an Ethiopian dam on the River Nile that Cairo sees as a threat to its water supplies.The two countries and Sudan have held a series of meetings over the $4 billion hydroelectric Grand Renaissance Dam,

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Djibouti welcomes integration of the Horn of Africa

Addis Ababa-Djiboutian Prime Minister Abiy Ahmed praised the significant changes he achieved in Ethiopia and across the region and the integration of the Horn of Africa. Prime Minister Abiy Ahmed and Djiboutian President Ismail Omar Guelleh today held a bilateral meeting in Addis-Ababa discussions on issues related to Ethiopia, Djibouti, as well as the region.

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Kenya central bank upholds fines against lenders for suspect transactions

Kenya’s central bank has upheld the fines it imposed in September against five top commercial lenders for a failure to report suspicious transactions in connection with the theft of funds at a state agency, it said on Friday. Penalties totaling 392.5 million shillings ($3.80 million)were imposed on Standard Chartered Kenya, Equity, Diamond Trust, Co-operative Bank,

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Trump: China wants to make a deal

WASHINGTON -U.S. President Donald Trump said Friday that China recently sent a list of compromises to reach a trade agreement. Trump told reporters in the Oval Office that further tariffs on Chinese goods may not be needed because “China wants to make a deal. “They sent a list of things that they’re willing to do,

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Conflict in the Gulf is hurting Dubai

Foreigners are leaving the Middle East’s business hub Dubai is unlike most of the Gulf’s sheikhdoms. Its economy thrives not on oil, but on tourism, trade and finance. Its patch of desert hosts one of the world’s busiest airports, its tallest skyscraper and the region’s biggest port at Jebel Ali. The pace of construction is

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