Business

Britain ‘participates’ in a project launched in Mogadishu

Photo/Somali Times The mayor of Mogadishu, Omar Mohamoud Mohamed met with the British ambassador to Somalia, Amb. Ben Fender. The meeting discussed the progress and Mogadishu projects, with particular responsibility for the two stood on the conflict resolution project of peace and stability. Amb. Ben Fender officially announced during the meeting that they would extend

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Oil down on demand fears from spread of virus variant

Oil prices were down on Monday over ongoing concerns that the new strain of COVID-19 will hamper demand while the signing off of the US coronavirus relief bill boosted positive sentiment and capped further declines. International benchmark Brent crude traded at $50.99 per barrel at 0632 GMT for a 0.68% increase after closing at $51.34

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The corrupt Somali Finance Minister said the cost of the election is estimated at $ 40 million.

Photo/Somali Times The Minister of Finance of the Federal Government of Somalia, Abdirahman Duale Beyle, who was a guest on the state media run, noted that the Ministry of Finance and government agencies responsible for protecting public assets is working to ensure that public funds are not misused in the next elections. At the Federal

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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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