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

Treasury Cabinet Secretary Ukur Yatani. By OTIATO GUGUYU China has frozen disbursements of active loans to Kenyan projects in the wake of differences over Nairobi’s bid to extend debt repayment holiday to December. Chinese-funded projects are facing a cash crunch, with contractors reporting delayed payments from banks like Exim Bank of China. Executives at State-owned

File – This file photo from Wednesday Jan. 11, 2017, shows President-elect Donald Trump, left, his chief financial officer Allen Weisselberg, center, and his son Donald Trump Jr., right, during a news conference at Trump Tower in New York. Prosecutors in New York are expected to bring the first criminal charges in a two-year investigation

Photo/Somali Times The Minister of Finance of the Federal Government of Somalia, Abdirahman Duale Beyle, met with Kristina Svenssn, Somalia’s Representative to the World Bank, at the Ministry of Finance. The Finance Minister in his meeting with the World Bank’s representative in Somalia spoke of success to modify the economic and investment projects in the

File Photo/Somali Times Tourism unlikely to recover to pre-pandemic levels within next year or 2, UN body projects Pandemic’s blow to international tourism has cost the global economy more than $4 trillion in 2020 and 2021, UN Conference on Trade and Development (UNCTAD) said on Wednesday. International tourism and its closely linked sectors suffered an

President Uhuru Kenyatta. By JOHN MUTUA The wealth of top State officials — including the President and his deputy — will be made public if MPs accept a fresh bid to change the law on lifestyle audits. The Lifestyle Audit Bill, 2021 is seeking to remove restrictions on Kenyans seeking to access information on income,

File Photo/Somali Times The relations between the State of Qatar and the Federal Republic of Somalia have evolved stronger year after year enjoying full support of the leaders and their keenness to strengthening of bilateral co-operation in the trade, investment, culture, diplomatic cooperation and other fields. Qatar has spared no efforts to support Somalia in

A Challenger tank for sale at the DSEI Arms Fair in London, 2019. Photograph: Amer Ghazzal/REX/Shutterstock By Mark Townsend Two-thirds of countries classified as “not free” because of their dire record on human rights and civil liberties have received weapons licensed by the UK government over the past decade, new analysis reveals. Between 2011-2020, the

Bitcoin Bitcoin could replace gold. Amidst all the economic, financial, and social chaos caused by the COVID-19 pandemic, the year 2020 ironically ended up creating an extremely favorable scenario for cryptocurrencies that have led many persons and companies to purchase Bitcoin. Definitely, 2020 was not an easy year for the global market, which led several

Antoinette Monsio Sayeh, the Deputy Managing Director at the International Monetary Fund. By CONSTANT MUNDA The International Monetary Fund has pressured Kenya to disclose the identity of secret shareholders in firms with State contracts and prosecute those implicated in graft, including the Covid-19 scandal. The IMF Deputy Managing Director Antoinette Sayeh says unmasking shareholders who