Business

A Qatar Emiri Air Force Dassault Mirage 2000-5 fighter jet takes off as part of a Joint Task Force Odyssey Dawn mission in Souda Bay in Greece

Indonesia Halts Mirage Jet Purchase Due to Budget Constraints

12/02/2024 - 04:24:38
0 Comments
300
Staff Reporter
Jakarta, Indonesia (diplomat.so) - Indonesia's Defence Ministry has abandoned plans to acquire Mirage 2000-5 fighter jets from Qatar, citing financial limitations. The proposed deal, valued at 733 million euros ($790 million), faced scrutiny from lawmakers and criticism from rival presidential candidates.…

Xiaomi Urges India for Incentives Amid Component Supplier Concerns"

12/02/2024 - 04:17:43
0 Comments
839
Staff Reporter
New Delhi, India (diplomat.so) - In a recent development, Xiaomi, a major player in India's smartphone market with an 18% share, has addressed concerns to New Delhi regarding the reluctance of smartphone component suppliers to set up operations in the country. The Chinese tech giant, known for assembling…
Ukrainian President Volodymyr Zelenskyy in an F-16 fighter jet.Mads Claus Rasmussen/Ritzau Scanpix/AFP via Getty Images

Ukrainian Pilots Impressed by US F-16 Fighter Jets

12/02/2024 - 04:08:37
0 Comments
438
Staff Reporter
Kyiv, Ukraine (diplomat.so) - Ukrainian pilots, currently undergoing training on US and European soil, have voiced their admiration for the capabilities of the US F-16 fighter jets, as reported by the Ukrainian service of the Voice of America. Describing the aircraft as exceeding their expectations,…

India Considers Extending Export Tax on Parboiled Rice

08/02/2024 - 18:57:35
0 Comments
269
Staff Reporter
New Delhi (diplomat.so) - India, the world's leading rice exporter, is contemplating an extension of the export tax on parboiled rice in a bid to alleviate food inflation ahead of the upcoming national elections. The government, led by Prime Minister Narendra Modi, is reportedly considering maintaining…
FILE PHOTO: A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad.

India Targets $2.2-$2.4 Billion from State Firm Stake Sales

02/02/2024 - 20:47:14
0 Comments
352
Staff Reporter
New Delhi, India (diplomat.so) - India's government aims to raise between 180 billion and 200 billion rupees ($2.2 billion to $2.4 billion) through the sale of stakes in state-run firms by the end of the fiscal year on March 31, a senior government official revealed to Reuters on Friday.

Fire Erupts at Novatek LNG Station in Russian Leningrad Region

21/01/2024 - 14:44:53
0 Comments
1203
Staff Reporter
Moscow (diplomat.so) - The Governor of the Russian Leningrad Region, Alexander Drozdenko, confirmed on Sunday the occurrence of a fire at a station owned by the prominent liquefied natural gas (LNG) producer "Novatek" on the Baltic Sea. The incident took place in the port of Ust-Luga, with no…

China Secures Top Spot in Global Car Exports

19/01/2024 - 21:56:29
0 Comments
494
Staff Reporter
Beijing (diplomat.so) - China has emerged as the world's leading car exporter in 2023, marking the first instance in its history, according to official statements from the Chinese Ministry of Industry. The ministry confirmed that China successfully exported a record-breaking 4.91 million cars over…

Iraq Advances Towards World Trade Organization Membership

19/01/2024 - 21:46:20
0 Comments
565
Staff Reporter
Baghdad (diplomat.so) - Saqr Abdullah Al-Muqbel, the head of the team steering Iraq's bid to join the World Trade Organization (WTO), announced today that the nation is making noteworthy strides in its journey towards WTO membership.

Global Oil Prices Surge on Red Sea Tensions and Uncertain US Demand Outlook

19/01/2024 - 19:24:19
0 Comments
231
Staff Reporter
Dubai (diplomat.so) - Global oil prices experienced a surge on Friday, attributed to positive expectations regarding worldwide oil demand and heightened supply risks from the ongoing Red Sea conflict. The international benchmark, Brent crude, saw a modest 0.02% increase to $79.12 per barrel, while the…

Somalia now eyes IMF funding as budget goes past $1bn mark

06/11/2023 - 10:59:25
0 Comments
1468
Staff Reporter
Mogadishu (Agencies + Diplomat.so) - Somalia is eyeing funding from the International Monetary Funds as budgetary estimates reach $1 billion mark for the first time in history. According to financial proposals endorsed by the country's Council of Ministers this week, the budget for the next fiscal…
President Paul Kagame

Rwanda announces visa-free travel for all Africans

04/11/2023 - 19:15:02
0 Comments
1104
Staff Reporter
Kigali ( AP + Diplomat.so) - Rwanda announced Thursday that it will allow Africans to travel visa-free to the country, becoming the latest nation on the continent to announce such a measure aimed at boosting free movement of people and trade to rival Europe's Schengen zone.

Hormuud telecom attended MWC23, the world's largest tech & telco conference

06/03/2023 - 13:01:29
0 Comments
2606
Staff Reporter
Barcelona (Diplomat.so) - Hormuud Telecom has participated in this year's Mobile World Congress event, which is being held in the city of Barcelona in Spain. The Mobile World Congress (MWC) is one of the largest and most important events in the telecommunications and technology industry.

EU looks to replace gas from Russia with Nigerian supplies

24/07/2022 - 15:35:40
0 Comments
3437
Staff Reporter
Lagos (Reuters + Diplomat.so) - The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission's energy department, said on Saturday.

Somalia and Serbia agreed on trade cooperation

19/10/2021 - 13:45:19
0 Comments
5690
Staff Reporter
Belgrade (Diplomat.so) - The Minister of Trade, Tourism and Telecommunications of the Republic of Serbia, H.E. Ms. Tatjana Matić , received in Belgrade her counterpart, Minister of Trade and Industry of the Federal Republic of Somalia, Mr. Khalifa Abdi Omar.