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By Najwa Guled
In BUSINESS
Dec 27th, 2019
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1100 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...
By Tajuddin
In BUSINESS
Dec 19th, 2019
0 Comments
1044 Views
Washington ( Diplomat.so) – Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement following approval by the IMF Executive Board on a financing package for Somalia: “Today, the IMF Executive Board approved a financing plan that will ...
By Tajuddin
In BUSINESS
Dec 18th, 2019
0 Comments
1192 Views
Washington (Diplomat.so) – The U.S. Representative for Minnesota’s 5th congressional district Hon. Ms. Ilhan Omar issued a statement on ensuring debt relief for Somalia. In her statement, the U.S. Representative said: “I am thrilled we were able to secure debt relief for Somalia today. So...
By Tajuddin
In BUSINESS
Jul 30th, 2018
0 Comments
5342 Views
Riyadh, Saudi Arabia (Bloomberg + DIPLOMAT.SO) – Saudi Arabia agreed to build a solar power plant and sell the electricity to Iraq at a steep discount to supplies the war-torn country previously bought from the kingdom’s regional arch-rival Iran. The deal, which hasn’t been approved yet by Iraq...
By Tajuddin
In BUSINESS
Jul 29th, 2018
0 Comments
5023 Views
Johannesburg, South Africa (Xinhua + DIPLOMAT.SO) – BRICS leaders will make all efforts to strengthen the multilateral trading system, according to a declaration released here on Thursday. The emerging-market bloc of BRICS, which groups Brazil, Russia, India, China and South Africa, issued the ...
By Tajuddin
In BUSINESS
Jun 30th, 2017
0 Comments
8442 Views
Abidjan, Ivory Coast (Xinhua + DIPLOMAT.SO) – A ceremony was held Friday in Cote d’Ivoire to officially mark the initiation of electricity generation at Soubre hydroelectric power station, which was built by a Chinese company. Launched in February 2013, the project started generating elec...
By Tajuddin
In BUSINESS
Oct 16th, 2016
0 Comments
3489 Views
Nairobi, Kenya (Xinhua + DIPLOMAT.SO) – Kenya Airways has cancelled five flights to African destinations and delayed one as a strike by its staff members entered its third day on Sunday, leaving hundreds of passengers stranded in Nairobi, Kenya. The airline has cancelled flights to Mozambique&#...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
2338 Views
Tokyo, Japan (AFP + DIPLOMAT.SO) – Japanese mobile carrier SoftBank said Friday it hoped to raise as much as $100 billion for a new technology investment fund it has set up in partnership with Saudi Arabia. The company said it would invest about $25 billion in the SoftBank Vision Fund over the ...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
2372 Views
Khartoum, Sudan (Xinhua + DIPLOMAT.SO) – Sudan signed with Russia a number of agreements for exploring mineral fields in Sudan, said Sudan’s minister of minerals on Thursday. The agreements, signed between the mineral ministry and the Russian State Geological Company, covered development ...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
1304 Views
Seoul, South Korea (AFP + DIPLOMAT.SO) – Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact. The profit warning...