The logo of French oil and gas company Total is seen at La Defense business district in Courbevoie near Paris, France, February 8, 2021. REUTERS/Sarah Meyssonnier By Reuters A $27-billion deal between France’s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms

Photo/Somali Times Somali Minister of Transport and Civil Aviation Duran Ahmed Farah received Qatari Ambassador to Somalia Hassan bin Hamsa Hashem in his office, and discussed a number of issues. The two leaders focused on strengthening cooperation between the governments of Somalia and Qatar, according to Transport and Civil Aviation. Qatar promises to Somalia rebuilding

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Feb. 11, 2022. Shares were mostly lower Friday in Asia after a sell-off on Wall Street spurred by news that U.S. inflation jumped 7.5% in January, which raised expectations the Federal Reserve will

A Chinese engineer and a local construction worker work on a section of the Mombasa-Nairobi standard gauge railway (SGR) in Emali, Kenya, file. REUTERS/Noor Khamis/File Photo By Reuters China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks

President Uhuru Kenyatta with World Bank Country Director for Kenya Keith Hansen By Business Daily Africa The World Bank will give Kenya $200 million (Sh22.7 billion) to support various development projects to improve food security in the country. Vinay Kunar Vutukru, a senior agriculture economist with the bank, said on Monday that the institution is

Somalia and Turkey enjoy a special relationship, including trade, which encourages the Somali business community to travel to Turkey to import everything from clothing to medicine. Anadolu Agency reported. If one visits Somalia’s biggest markets in Bakara, Hamarwayne, and Suuq Bacaad in the capital, it would be easy to realize that the Turkish textile industry

A woman walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 7, 2022. Asian shares fell Monday, though Shanghai’s benchmark jumped after markets reopened from the Lunar New Year holidays. (AP Photo/Vincent Yu) By Associated Press Asian shares mostly fell Monday, though Shanghai’s benchmark jumped

By Anadolu Agency Chinese President Xi Jinping on Saturday held talks with different world leaders who visited Beijing to attend opening ceremony of the 2022 Winter Olympics. Xi met his counterparts from Egypt, Serbia and five Central Asian states – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. During his meeting with Egyptian President Abdel Fattah Al-Sisi,

The Bank of England has warned inflation could peak at close to 6% by April. Photograph: Thomas Krych/SOPA Images/Rex/Shutterstock The Guardian By Phillip Inman Bank of England to vote on potential rate change while inflation soars to 30-year high Britons are braced for the Bank of England to increase interest rates on Thursday as the

By Anadolu Agency Energy has highest annual rate last month with 28.6%, according to preliminary Eurostat data Annual euro area inflation hit a new record high of 5.1% in January, according to a flash estimate of preliminary data from Eurostat on Thursday. The figure, above market forecasts of 4.4%, was up from 5% in December