Business

Netanyahu invites Morocco’s King Mohammed VI to visit Israel

Israeli Prime Minister Benjamin Netanyahu (left) and Morocco’s King Mohammed VI congratulated each other over the renewal of ties between the countries (AFP) Morocco is the fourth Arab nation to normalise ties with Israel in exchange for various incentives Prime Minister Benjamin Netanyahu and Morocco’s King Mohammed VI held a phone call on Friday, during

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Turkey’s lira jumps to a 5-week high against the dollar

A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey August 13, 2018. REUTERS/Murad Sezer The Turkish lira jumped to a five-week high on Thursday after a bigger-than-expected interest rate hike that raised investors confidence about the central bank’s ability to bring inflation under control, reports Reuters. The lira firmed

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Breakthrough: UK and EU reach post-Brexit trade agreement

Britain’s Prime Minister Boris Johnson speaks during a media briefing in Downing Street, London, Thursday, Dec. 24, 2020. Britain and the European Union have struck a provisional free-trade agreement that should avert New Year’s chaos for cross-border commerce and bring a measure of certainty to businesses after years of Brexit turmoil. The breakthrough on Thursday

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UK, EU on cusp of striking Brexit trade deal at last

A walks in the rain outside EU headquarters in Brussels, Thursday, Dec. 24, 2020. European Union and British negotiators worked through the night and into Christmas Eve in the hopes of putting the finishing touches on a trade deal that should avert a chaotic economic break between the two sides on New Year’s Day. (AP

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Oil prices climb as US oil inventories fall

Oil prices increased on Thursday over a fall in US oil stocks and a decline in the US first-time jobless claims, as both signal a possible oil demand and economic rebound. International benchmark Brent crude traded at $51.42 per barrel at 0642 GMT for a 0.35% increase after closing Wednesday at $51.24 a barrel. At

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Trump slams US’ $1.3bn in military aid due to Egypt

US President Donald J. Trump addresses the crowd in Valdosta, GA United States on December 5, 2020 [Peter Zay/Anadolu Agency] US President Donald Trump criticised a draft resolution approved by Congress that includes aid to foreign countries while accusing the Egyptian army of using US aid to buy military equipment from Russia. This came within

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President Farmajo appoints Somali ambassador to Djibouti to his closest friend Salad Jelle

Photo/Somali Times Somalia is world number one corrupt country, even to get a job is who you know. Djibouti President Ismail Omar Guelleh has received credentials from the new Somali Ambassador to Djibouti Salad Ali Jelle. Somalia’s Ambassador to Djibouti Salad Ali Jelle conveyed greetings and a message from his Somali counterpart, Mohamed Abdullahi Farmajo,

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Kenya: Tax collections fall Sh100bn as the economy reels from Covid-19

By CONSTANT MUNDA Tax collections for five months through November fell Sh100.72 billion compared with a similar period a year ago, reflecting the impact of Covid-19 economic hardships that triggered a fall in company earnings, layoffs and cuts on levies. Data published by Treasury secretary Ukur Yatani Friday showed the Kenya Revenue Authority (KRA) collected

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Stocks on edge as Brexit talks teeter on the brink

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 16, 2020. REUTERS/Staff/File Photo By Huw Jones LONDON (Reuters) – European shares were mixed early on Friday, capping the last full trading week of the year with investors still on edge over a Brexit trade deal and U.S.

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Liz Truss’s record of picking white, male trade advisers emerges

Liz Truss outside Downing Street in February. Photograph: Peter Nicholls/Reuters By Damien Gayle and Peter Walker Figures revealed as international trade secretary is poised to announce equalities shift Labour has accused Liz Truss of setting an “appalling standard” on equality in government after it emerged that of more than 250 trade advisers she has appointed,

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