Diplomat News Network – Somalia & Global News

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Fire Erupts at Novatek LNG Station in Russian Leningrad Region

21/01/2024 - 14:44:53
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3241
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
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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
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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
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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
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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
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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 participates in MWC23 global tech event

06/03/2023 - 13:01:29
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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
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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
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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.
File - In this Wednesday, Sept. 22, 2021 file photo, a truck driver checks his phone at a parking lot in Kabul, Afghanistan. With Afghan assets frozen in the U.S. and the world reluctant to recognize the Taliban, the country's banking system has come to a halt. Unpaid salaries and a brewing humanitarian crisis also put more pressure on the new Taliban government, with no clear way out. (AP Photo/Bernat Armangue, File)

Taliban relies on technocrats to save Afghanistan's economy from the brink

19/10/2021 - 09:44:59
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Kabul, Afghanistan (AP + Diplomat.so) — When the Taliban swept into power, they found Afghanistan's economy fast approaching the brink and were faced with harrowing predictions of growing poverty and hunger. So they ordered the financial managers of the collapsed former government back to work,…
Julio Velarde, president of the Central Bank of Peru, talks to the media during a news conference in Lima, Peru, August 21, 2017. REUTERS/Mariana Bazo

Peru central bank chief Velarde to stay for another term -source

10/08/2021 - 08:37:06
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Staff Reporter
LIMA (Reuters + Diplomat.so) - Peruvian central bank President Julio Velarde has agreed to stay on for an extra term, a source familiar with his decision said on Monday, a move poised to calm markets rattled by the election of the country's new left-wing president.
A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, Sept. 10, 2020. (Reuters Photo)

Germany warns Russia, supports Ukraine in US deal over pipeline

22/07/2021 - 02:44:08
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Berlin (AFP + DIPLOMAT.SO) - Germany agreed Wednesday to warn Russia of potential sanctions and to support Ukraine's energy sector financially in a deal with the United States to settle a bitter rift between the allies over the Nord Stream 2 gas pipeline.
João Leão, Portuguese Minister of Finance and President of the Council

New EU rules adopted on goods and technologies

10/05/2021 - 16:38:53
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Brussels ( Diplomat.so) - The EU has upgraded its legislation on the export controls applicable to sensitive dual-use goods and technologies such as cyber-surveillance tools.