Business

Qatar’s support to Somalia

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

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£17bn of UK arms sold to rights’ abusers

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

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Is Bitcoin the New Gold? – Companies Moving Their Reserves

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

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IMF demands identity of secret investors in firms

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

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Turkey in talks over Somalia space station and missions to the Moon

President Recep Tayyip Erdogan revealed an ambitious timetable with the aim of making contact with the moon on unmanned missions (Turkish Space Agency TUA) Turkey is in talks with three countries as it seeks help in developing a space port in Somalia and a rocket to carry out lunar landings, according to the head of

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Oil prices up on investor euphoria over tight market

By Sibel Morrow Stalled US-Iran talks puts upward pressure on prices, temporarily pausing extra Iranian barrels on market Oil prices rose on Tuesday over bullish market sentiments of a sooner-than-expected demand rebound. International benchmark Brent crude was trading at $75.26 per barrel at 07.29 GMT for a 0.48% increase after closing Monday at $74.90 a

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Saudi agrees to restart Pakistan oil deal to curb Iran influence

Pakistani Prime Minister Imran Khan (L) meets with Saudi Arabian King Salman bin Abdulaziz al-Saud (R) as part of his visit to defuse Saudi-Iran tension in Riyadh, Saudi Arabia on October 15, 2019. [Bandar Algaloud/Saudi Kingdom Council/Handout – Anadolu Agency] Saudi Arabia has agreed to restart oil aid to Pakistan to ‘clear the air’, according

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Dollar holds gains after Fed boost; bitcoin tumbles

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Iain Withers The dollar held on to the previous week’s gains on Monday after the Fed’s surprise hawkish tilt, while bitcoin tumbled as China stepped up its crackdown on mining

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Turkey has huge investment, earning potential in tourism-President Erdogan

‘We will ensure that our tourism professionals seize opportunity at least in 2nd half of 2021 season’ Turkey has huge investment and earning potential in the tourism sector, said the country’s president on Saturday. Speaking at the opening of NG Phaselis Bay Hotel in the Kemer district of Turkey’s Mediterranean resort city of Antalya, Recep

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Somali Foreign Minister attends Antalya Diplomatic Forum

Photo/Somali Times The Minister of Foreign Affairs and International Cooperation, Mohamed Abdirizak Mohamoud, attended the opening of the Antalya Diplomatic Conference, which will take place from June 18th to 20th. Launched in the southern province of Antalya, the forum hosted 12 regional leaders, 43 foreign ministers, four former heads of state, representatives from international organizations

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