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By Tajuddin
In BUSINESS
Sep 3rd, 2014
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1717 Views
Mogadishu (REUTERS + DIPLOMAT.SO ) Norwegian oil company DNO and other small explorers are destabilising Somalia, the African country’s petroleum ministry said on Wednesday, warning it may lodge complaints against these firms to the United Nations Security Council. DNO has been prospecting for ...
By Tajuddin
In BUSINESS
Sep 2nd, 2014
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1560 Views
London (Agencies + DIPLOMAT.SO ) – Gold fell to the lowest in a week in London as a stronger dollar curbed demand for a protection of wealth. Palladium retreated from a 13-year high. The dollar reached a seven-month high against 10 major currencies before data today that economists say will sho...
By Tajuddin
In BUSINESS
Sep 1st, 2014
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1733 Views
Bogot√° (REUTERS + DIPLOMAT.SO ) – Colombian President Juan Manuel Santos called on Monday for the central bank to pause after five quarter-point interest rate increases in as many months, which have taken the benchmark rate to 4.5 percent. Growth in Colombia’s economy has accelerated this...
By Tajuddin
In BUSINESS
Sep 1st, 2014
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2000 Views
Addis Ababa (Agencies + DIPLOMAT.SO )- African manager-Ethiopia is intensifying the hunt for new markets within the Common Market for Eastern and Southern Africa (COMESA), a significant step that is expected to usher in a new era of trade liberalisation. Ethiopia, which last March pledged to complete...
By Tajuddin
In BUSINESS
Aug 30th, 2014
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3138 Views
Asmara (DIPLOMAT)- According to reports, Eritrea is seeking to convince the world after becoming affected by the economic sanctions imposed by the United Nations and some countries. Eritrea government is currently trying to break the isolation ,and opened its airspace to Turkish Airlines and Qatar . ...
By Tajuddin
In BUSINESS
Aug 29th, 2014
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1516 Views
Kuala Lumpur (DIPLOMAT)- Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced today to revive its damaged brand after being hit by double passenger jet disasters. The staff reduction represents about 30 percent of its current workforce of 20,000. A search for a new CE...
By Tajuddin
In BUSINESS
Aug 25th, 2014
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4075 Views
Minneapolis (DIPLOMAT)- Millions of Somalis will find it easier to receive money from relatives abroad after the US Senate approved the Money Remittances Improvement Act earlier this month. The Act that was signed by President Barack Obama on August 8 reduces the restrictions non-bank companies, such...
By Tajuddin
In BUSINESS
Aug 18th, 2014
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3629 Views
Addis Ababa (DIPLOMAT)- The Chinese real estate company, Tsehay Real Estate Plc, is going to start selling units in the coming October on one of the buildings it is 70 percent complete. On Thursday, August 14, 2014 the company invited what it called potential buyers, to visit its site around CMC area...
By Tajuddin
In BUSINESS
Aug 16th, 2014
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3605 Views
Doha (DIPLOMAT)- Qatar Airways will become the first Gulf carrier to serve Eritrea from December 4. The Doha carrier is to operate twice-weekly flights on two-class A320s, to the capital, Asmara. On Thursdays and Saturdays, QR1443 will depart Doha at 2030 and arrive Asmara at 2359, and QR1444 will op...
By Tajuddin
In BUSINESS
Aug 16th, 2014
0 Comments
1611 Views
Seoul (DIPLOMAT)- Korean Air Lines on Thursday said that it will suspend flights to Kenya as fears about the Ebola virus persist. The airline described the move as an effort to help prevent the spread of the deadly virus. South Korean flies three flights a week between Seoul’s Incheon Airport a...