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By Staff Reporter
In BUSINESS
Mar 25th, 2020
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492 Views
Washington, DC (Diplomat.so) –  The International Monetary Fund (IMF) and the World Bank’s International Development Association have determined that Somalia has taken the necessary steps to begin receiving debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. ...
By Staff Reporter
In BUSINESS
Feb 28th, 2020
0 Comments
553 Views
Mogadishu (Diplomat.so) – Salaam Somali Bank is now one of the few banks in the continent that uses Oracle FLEXCUBE as their core banking system. This international standard core banking system will enhance the bank’s payments, credit facilities processing management and also offer analytical a...
By Najwa Guled
In BUSINESS
Feb 23rd, 2020
0 Comments
730 Views
Mogadishu (Diplomat.so) – The Al Barakat Group of Companies in Somalia held a welcome ceremony in Mogadishu to remove its name from the list of organizations supporting terrorism. Mr. Ahmed Nur Ali Jimale, Founder and CEO of Al-Barakat, who raised his personal name, the name of his company and ...
By Staff Reporter
In BUSINESS
Feb 17th, 2020
0 Comments
605 Views
Dubai (Diplomat.so) – Dubai Electricity and Water Authority (DEWA) has achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union. This is a ...
By Staff Reporter
In BUSINESS
Feb 17th, 2020
0 Comments
547 Views
Mogadishu (Diplomat.so) – National Communications Authority (NCA) of Somalia has today announced the introduction of a unified licensing framework (ULF) in Somalia after consultation with the stakeholders. The new licensing framework, guided by the National Communications Law of 2017, offers mo...
By Tajuddin
In BUSINESS
Feb 8th, 2020
0 Comments
652 Views
Mogadishu (Diplomat.so) – On Saturday, President of the Federal Republic of Somalia, Mohamed Abdullahi Mohamed “Farmaajo”, signed in his office at the presidential palace in Mogadishu, the National Petroleum Law, after being approved by a majority of the People’s and Senate’s assemb...
By Staff Reporter
In BUSINESS
Feb 7th, 2020
0 Comments
644 Views
Washington (Diplomat.so) – According to a statement issued by US Secretary of State Michael R. Pompeo, the United States identified the Venezuelan state-owned airline Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, S.A. (CONVIASA) as blocked property of the Government of Ven...
By Staff Reporter
In BUSINESS
Feb 6th, 2020
0 Comments
515 Views
Washington (Diplomat.so) – Today, Assistant Secretary of State for Economic and Business Affairs Manisha Singh and Kenyan Cabinet Secretary, Ministry of Transport, Infrastructure, Housing, Urban Development and Public Works James Macharia signed an important Amendment to the U.S.-Kenya Air Tran...
By Staff Reporter
In BUSINESS
Jan 27th, 2020
0 Comments
857 Views
Nairobi (Diplomat.so) – The International Monetary Fund issued a press release today announcing that Somalia has made progress in monitoring programs and financial reforms, explaining that it has made a move to monitor it in another three years, which is considered a great work in debt relief. ...
By Najwa Guled
In BUSINESS
Dec 27th, 2019
0 Comments
1010 Views
Mogadishu (Diplomat.so) – The Somali capital, Mogadishu, has recently witnessed a remarkable expansion in many aspects, such as urbanism and modernity, and its streets are crowded with luxurious restaurants, cafes and hotels. These internal commercial and investment activities have restored the...