Business

Farmajo Receives Credentials from EU Ambassador

Photo/Somali Times The outgoing President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, received credentials from the new Ambassador of the European Union, Tiina Intelmann at the Presidential Palace. The new EU Ambassador to Somalia, Tiina Intelmann, shared with the President her commitment to strengthening relations and cooperation between Somalia and the European Union,

Read More

UK government eyes tax hike to pay for care for older people

British Prime Minister Boris Johnson leaves 10 Downing Street to give a statement on Afghanistan at the Houses of Parliament, in London, Monday, Sept. 6, 2021. The United States and other nations including Britain were caught off-guard by the Taliban’s swift conquest of Afghanistan, having failed to predict how quickly the Western-backed Afghan government would

Read More

London takes aim at New York with five-year financial plan

A woman exercises with a dog near the City of London financial district, in London, Britain, April 30, 2021. REUTERS/John Sibley Reuters By Huw Jones Britain needs to ease taxes on banks and make it easier to hire staff from abroad, its financial and professional services lobby said in a blueprint to help London unseat

Read More

Global stock markets rise after weak US hiring data

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Monday, Sept. 6, 2021. Asian stock markets rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices. (AP Photo/Kin Cheung)

Read More

Turkish, Somali defense ministers discuss bilateral, regional issues

By Anadolu Agency Turkey will continue to provide all kinds of support to Somalia, says Hulusi Akar The defense ministers of Turkey and Somalia discussed bilateral and regional issues in a meeting on Friday. Hulusi Akar welcomed Hassan Hussein Haji at Turkey’s National Defense Ministry in the capital Ankara. The ministers first held a one-on-one

Read More

Stocks are off to a muted start for September; tech gains

People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, Sept. 1, 2021. Asian stock markets were mixed Wednesday as investors weighed the economic impact of the spread of the coronavirus’s delta variant and Wall Street ended August with a gain for the seventh straight month. (AP Photo/Koji Sasahara) By The

Read More

Outgoing President Farmajo receives credentials from Tanzanian and Angola ambassadors

Photo/Somali Times/ The outgoing President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, received credentials from the Ambassadors of Tanzania, Dr. John S. Simbachawene and Angola, Mr. Sianga Kivuila Samuel Abilio. The Ambassador of the Republic of Tanzania John S. Simbachawene shared with the President a message of greetings from His Excellency Samia Hassan,

Read More

Exclusive Congo reviewing $6 bln mining deal with Chinese investors -finmin

A copper and cobalt mine run by Sicomines is seen in Kolwezi, Democratic Republic of Congo, May 30, 2015. REUTERS/Aaron Ross/File Photo Reuters By Aaron Ross and Karin Strohecker Democratic Republic of Congo’s government is reviewing its $6 billion “infrastructure-for-minerals” deal with Chinese investors as part of a broader examination of mining contracts, Finance Minister

Read More

Turkey among top 3 countries in world in combat drone technology

By Anadolu Agency Goal is to develop armed drones that can take off, land on aircraft carriers with short runways, says Turkish president Turkey has risen to the world’s top three in combat drone technology, the Turkish president said on Sunday. With our unmanned combat aerial vehicle Akinci, Turkey has become one of the three

Read More

Nigeria signs military cooperation agreement with Russia

Nigeria’s President Muhammadu Buhari in Paris, France May 18, 2021. Ludovic Marin/Pool via REUTERS By Reuters Nigeria and Russia have signed a military cooperation deal providing a legal framework for the supply of equipment and the training of troops, the Nigerian embassy in Moscow said on Wednesday. President Muhammadu Buhari had expressed interest in such

Read More