Business

New Somalia law seeks to rescue fisheries from looters

Somali vendors offload a catch from fishing boats. Somalia says its lucrative fishing resources will be completely shielded from looters once a new law comes into force. File AFP Somalia says its lucrative fishing resources will be completely shielded from looters once a new law comes into force, and which will provide uniform regulation in

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Biden bids Merkel farewell: Friends — with disagreements

President Joe Biden meets with German Chancellor Angela Merkel in the Oval Office of the White House, Thursday, July 15, 2021, in Washington. (AP Photo/Evan Vucci) By AAMER MADHANI, ALEXANDRA JAFFE and FRANK JORDANS WASHINGTON (AP) — Welcoming Angela Merkel to the White House for a final time, President Joe Biden renewed his concerns to

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US ban dims Safaricom loans for Ethiopia entry

Safaricom headquarters on Nairobi’s Waiyaki Way. By BRIAN NGUGI Safaricom’s plans to expand to Ethiopia have been complicated by a US State financier threatening to recall its loans following escalation of armed conflict in the horn of Africa nation. The US International Development Finance Corporation (DFC) says that the acts of violence against civilians in

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East Med energy could be key to improving Turkey-Israel relations

By Murat Temizer Turkey is the closest and most logical market for Israel’s natural gas, says expert The change of administration in Israel has ushered in an opportunity to improve energy relations between Turkey and Israel, according to Oguzhan Akyener, the president of Turkey’s Energy Strategy & Political Research Center (TESPAM) on Tuesday. Akyener told

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Turkey becomes one of world’s leading manufacturers of armed drones: Le Monde

Rise of Turkish drones, widespread use on battlefields is ‘indisputable phenomenon,’ says French newspaper Turkey has become one of the world’s leading manufacturers of armed unmanned aerial vehicles in just 15 years, French newspaper Le Monde said Friday. The newspaper examined Turkish armed drones (SIHA) under a separate title, “A technology at the service of

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Rich nations should put $30 bln of IMF cash towards Africa investments – African ministers

A participant stands near a logo of IMF at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo Rich countries should reallocate at least $30 billion of new money from the International Monetary Fund towards investments in Africa to help countries battling

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Kenya fails to ink Sh16bn JKIA rail contract in Paris

President Uhuru Kenyatta is received by his French host Emmanuel Macron at Elysee Palace at the start of his official visit to France on Wednesday evening. By BONFACE OTIENO Kenya failed to ink a financial deal for the construction of a railway line linking Jomo Kenyatta International Airport to Nairobi’s city centre during President Uhuru

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Italy eases curbs on arms sales to Saudi Arabia and UAE

Photo: Credit Anadolu Agency Italy has loosened restrictions on arms exports to Saudi Arabia and the United Arab Emirates, government sources said on Tuesday, in a move aimed at easing diplomatic tensions with the two Gulf states. Italy halted the sale of thousands of missiles to Saudi Arabia and the UAE in January, citing at

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EU urges UK to accept Swiss-style deal to end agri-food standoff

European Commissioner for Inter-institutional Relations and Foresight Maros Sefcovic speaks during a news conference on Brexit at the EU headquarters in Brussels, Belgium, June 30, 2021. Francisco Seco/Pool via REUTERS/File Photo By John Chalmers BRUSSELS, July 6 (Reuters) – The European Union urged London on Tuesday to consider a Swiss-style veterinary agreement with Brussels on

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Analysis: OPEC disagreement lays bare growing UAE-Saudi economic rivalry

Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed al-Nahyan receives Saudi Crown Prince Mohammed bin Salman at the Presidential Airport in Abu Dhabi, United Arab Emirates November 27, 2019. WAM/Handout via REUTERS By Ghaida Ghantous, Marwa Rashad Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing

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