Business

Somalia and China discuss strengthening ties with the fishery

Photo/Somali Times The Somali Ministry of Foreign Affairs discuss with the Chinese Ambassador ways to strengthen bilateral cooperation. The Minister of State for Foreign Affairs and International Cooperation of the Federal Government of Somalia, Bilal Mohamed Osman, received the Ambassador of the People’s Republic of China, Qin Jian, and discussed strengthening bilateral relations and cooperation.

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Turkish lira hits highest value against US dollar in 6 months

US dollar/Turkish lira exchange rate falls below 7 for first time since Aug. 5 last year The Turkish lira has continued its rally against the US dollar on Monday, hitting the highest value in the last six months, thanks to the country’s pledge to open a new era in its economy. Traded for 6.9979, the

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Somalia begins Airing Registration

Photo/Somali Times The Minister of Transport and Civil Aviation of the Federal Government of Somalia, Mohamed Abdullahi Salad, who inaugurated the registration of aircraft and the licensing of professionals, reported on the significant efforts made by the Government of Somalia in restoring the country’s national identity and people. The inauguration ceremony in Mogadishu was attended

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Biden to press for $1.9 trillion COVID relief plan with governors, mayors

U.S. President Joe Biden removes his mask to address NIH staff during a visit to NIH in Bethesda, Maryland, U.S., February 11, 2021. REUTERS/Carlos Barria By Andrea Shalal Biden and Vice President Kamala Harris will also receive an economic briefing from Treasury Secretary Janet Yellen, shortly after she takes part in the first meeting of

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World stocks wobble as investors grow cautious over outlook

A man looks at screens showing Japan’s Nikkei 225 index and companies’ stock prices at a securities firm in Tokyo on Friday, Feb. 12, 2021. Shares fell in Tokyo and Sydney on Friday after stocks closed nearly flat on Wall Street, while most Asian markets were closed to mark the Lunar New Year. (AP Photo/Hiro

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EU Parliament calls for ban on arms sale to Saudi, UAE

The European Parliament on Thursday called on EU member states to ban arms sale to Saudi Arabia and the UAE over violations of human rights in Yemen. A joint motion adopted by the European Parliament recalled Germany’s arms sale ban to Saudi Arabia and Italy’s ban to UAE and Saudi Arabia. Lawmakers said some EU

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EU hopeful for firm economic growth despite virus challenges

European Commissioner for Economy Paolo Gentiloni speaks during an online news conference at the European Commission headquarters in Brussels, Thursday, Feb. 11, 2021. (Kenzo Tribouillard, Pool via AP) By LORNE COOK BRUSSELS (AP) — Despite deep uncertainty over a surge in coronavirus cases and the impact of new variants of the disease, senior European Commission

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World shares mostly gain after Biden speaks with China’s Xi

A man wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Thursday, Feb. 11, 2021. Despite a short drop in early trading in Hong Kong, most major Asian stock indexes were higher on Thursday after President Joe Biden held his first conversation with Chinese leader

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Revealed: Sh10bn State bailout of Kenya Airways

The Treasury offered Kenya Airways a further Sh10 billion in a secret bailout despite having publicly stated it would reject the national carrier’s request for funds to avoid collapse amid the effects of the coronavirus pandemic. A supplementary budget tabled in Parliament on Tuesday revealed Kenya Airways received Sh8 billion directly from the Treasury and

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Museveni orders EU governance fund suspended

The future of the Democratic Governance Facility – a donor funded aid pool – rests on a brief that Finance Minister Matia Kasaija sent President Yoweri Museveni, after the latter questioned how the fund was authorised to be operated exclusively by a foreign mission in Uganda. In a January 2 letter to the Finance minister,

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