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By Tajuddin
In BUSINESS
Sep 21st, 2014
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6998 Views
Mogadishu (DIPLOMAT.SO)- The federal government of Somalia has officially handed over the management of Mogadishu seaport to Al-Bayrak, Turkish company in a well executed ceremony inside the seaport. The ceremony was attended by minister for transport and seaport, the assistant Minister, Turkish amba...
By Tajuddin
In BUSINESS
Sep 18th, 2014
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1999 Views
Harare (Agencies + DIPLOMAT.SO)- Russia and Zimbabwe signed Tuesday a $3 billion deal to jointly mine platinum in the southern African country, the world’s third largest producer, with Moscow providing the investment funds. The project will see production of nearly 600,000 ounces a year, making...
By Tajuddin
In BUSINESS
Sep 18th, 2014
0 Comments
1887 Views
Mogadishu (Financial Times + DIPLOMAT.SO)- Somalia is cancelling or renegotiating a series of high-profile contracts ranging from oil exploration to port operations as the country struggles to stave off donors’ concerns about government corruption. The contracts – nine multi-million-dollars deals – i...
By Tajuddin
In BUSINESS
Sep 18th, 2014
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1401 Views
New Delhi (Agencies + DIPLOMAT.SO)- India Prime Minister Narendra Modi urged visiting Chinese President Xi Jinping to resolve a boundary dispute even as Beijing promised to invest $20 billion in India over the next five years. The border spat between the armies of the two countries in the Himalayas u...
By Tajuddin
In BUSINESS
Sep 17th, 2014
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4850 Views
London ( Agencies + DIPLOMAT.SO) Alex Salmond has claimed “no one can stop” an independent Scotland from using the pound, despite George Osborne’s repeated assertion that sterling will not be shared. Speaking on Sky news, the First Minister said: “All this stuff about being able to be vetoed from usi...
By Tajuddin
In BUSINESS
Sep 17th, 2014
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6454 Views
Cologne (REUTERS + DIPLOMAT.SO)- Lufthansa struck an agreement with cabin crew union UFO agreeing to 20 percent cost cuts for selected long-haul flights, as the airline expands budget services to compete against low-cost rivals and fast-growing Middle East carriers. Germany’s flagship carrier is in t...
By Tajuddin
In BUSINESS
Sep 15th, 2014
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1771 Views
Malé (Agencies + DIPLOMAT.SO)- Chinese President Xi Jinping pledged here Monday to share development opportunities with the Maldives. “We will share China’s development opportunities with the international community through win-win cooperation in pursuit of common development,” Xi s...
By Tajuddin
In BUSINESS
Sep 12th, 2014
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3502 Views
Pretoria (Agencies + DIPLOMAT.SO)- Looting of shops owned by foreign nationals amid service delivery protests in Mamelodi East’s Phomolong settlement this week has sent ripples of fear among the shopkeepers, who have just recently returned to the area after being forced out a few months ago. Some Som...
By Tajuddin
In BUSINESS
Sep 12th, 2014
0 Comments
1751 Views
Baku ( ITAR-TASS + DIPLOMAT.SO)- Russia concluded last month an agreement with Nigeria on the deliveries of a considerable consignment of Russian Mil Mi-series military helicopters, which are called Hip in line with NATO classification, a senior official with the state-owned high-tech corporation Ros...
By Tajuddin
In BUSINESS
Sep 11th, 2014
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1376 Views
Seoul (RT + DIPLOMAT.SO)- The South Korea stock market has finished lower no in consecutive trading days, giving away more than 20 points or 1 percent along the way. The KOSPI finished just below the 2,035-point plateau, and the market may take further damage on Friday. The global forecast for the As...