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UAE & Senegal: Iskaashi Koraya oo Ganacsi iyo Maalgashi ah

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  Xiriirka dhaqaale ee ka dhexeeya Isutagga Imaaraadka Carabta (UAE) iyo Senegal waxa uu marayaa heerkii ugu sarreeyey. Tirakoobka ugu dambeeya wuxuu muujinayaa korodh aan caadi ahayn oo ku yimid wax-soo-dejinaha UAE ay geyso Senegal, kuwaas oo ka booday $174 milyan sanadkii 2019 kuna gaaray $668.5 milyan sanadkii 2023 . Kobacaan waxaa si gaar ah u wada shidaalka la warshadeeyey, qalabka, iyo mashiinada, taasoo muujineysa horumarka degdegga ah ee Senegal iyo doorka muhiimka ah ee UAE. Xiriirkaani ma aha oo kaliya tirooyin; waa iskaashi istiraatiiji ah iyo aragti wadaag mustaqbalka ah. Barnaamijyada sida "Senegal iyo UAE: Wadamada Cusub ee Maalgashiga Afrika & Bariga Dhexe" ayaa hoosta ka xariiqaya sida ay labada dal uga go'an tahay xoojinta iskaashiga qaybaha kala duwan. Booqashadii dhawaan uu Ra'iisul Wasaaraha Senegal ku tagay Dubai, oo loo boomo "Dakar ilaa Dubai: Sida Booqashada Ra'iisul Wasaaraha ay Ganacsiga u Kordhin Karto," ayaa sii xoojineys...
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Turkish Bank Opens First Foreign Branch in Somalia: A Milestone for Economic Growth

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In a significant development for the East African nation, the Central Bank of Somalia (CBS) announced on Sunday that Ziraat Katilim Bank of Turkey has established its presence by opening a branch in Mogadishu. This marks a historic occasion as the Turkish financial institution becomes the first international bank to operate in Somalia in over half a century.

The establishment of Somalia's first foreign bank branch has the potential to bring about a positive transformation in the country's financial sector. This transformation is expected to result from increased economic opportunities and expanded trade relations between Somalia and its international partners.

"The new branch of Ziraat Katilim Bank in Somalia is expected to offer a wide range of corporate banking services to businesses, international institutions, and development partners," stated the Central Bank of Somalia in a press release issued in Mogadishu.

The journey to this milestone began in 2022 when the CBS granted operating licenses to two foreign banks: Banque Misr of Egypt and Ziraat Katilim Bank of Turkey. Both of these banks, despite their origins, are set to contribute significantly to Somalia's financial landscape.

Ziraat Katilim Bank, a state-owned participation bank and a member of the Ziraat Finance Group, brings a wealth of experience to Somalia. The Ziraat Finance Group operates in 20 countries, with 15 subsidiaries and 27 offices overseas, demonstrating its international reach and expertise.

CBS Governor Abdirahman Mohamed Abdullahi expressed his delight at the news, saying, "We are overjoyed to learn that the Ziraat Katilim office in Mogadishu has been given the green light to begin operations. This is a testament to the success of the reforms of Somalia's financial sector, further enhancing opportunities for investment and development."

Governor Abdullahi emphasized the CBS's commitment to its mission of promoting equitable economic growth in Somalia and building a secure and reliable financial system. He added, "We anticipate the new bank to add value to the development of Somalia's financial sector and contribute to the growth of our economy."

This momentous development not only symbolizes the opening of new economic avenues for Somalia but also underscores the country's commitment to financial sector reforms and attracting international investment. With Ziraat Katilim Bank now on the scene, the people of Somalia can look forward to a more robust and diversified financial sector that will play a crucial role in the nation's progress and development.

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Maant iyo Soomaaliya

Strengthening Economic Bridges: UAE's ADQ Commits $500 Million Investment in Kenya

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In a landmark move towards bolstering economic ties between the UAE and Kenya, ADQ, a state-controlled fund from the UAE, has announced a substantial investment commitment of $500 million in Kenya's priority sectors. This strategic partnership, forged through a finance and investment framework with Kenya's National Treasury and Economic Planning Ministry, marks a significant milestone in the economic cooperation between the two nations. Fostering Growth and Development The agreement aims to explore and leverage investment opportunities in Kenya to promote the growth and development of its national economy. With Kenya's economy being the largest in the East Africa region and projected to achieve growth between 5 and 6% in 2024, the infusion of investment from ADQ is poised to accelerate this growth trajectory. Mohamed Hassan Alsuwaidi, Managing Director and CEO of ADQ, expressed confidence in the investment's potential to unlock tangible value and contribute to the econo...
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The Cries of Syrian Mothers: Exposing the Injustice of Al-Julani’s Rule

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  In the heart of Syria, a chilling and heart-wrenching scene unfolds. Mothers and sisters, their voices filled with pain and desperation, gather to protest against the unlawful detention of their children by the Al-Julani-led group, HTS (Hay'at Tahrir al-Sham). Their tears and cries echo a grim reality that exposes the oppressive nature of this so-called revolutionary regime. These families are not alone in their suffering. Under Al-Julani’s rule, arbitrary detentions have become a tool to silence dissent and instill fear. Young men and women are snatched from their homes, accused without evidence, and held in unknown locations. Many families are left in anguish, not knowing the fate of their loved ones. This is not governance; it is tyranny in its purest form. The Hypocrisy of HTS Governance Al-Julani’s administration claims to stand for law-based governance and justice, but the reality on the ground tells a different story. These protests reveal the group’s blatant disregard for...
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Somali President Announces Victories Against Al-Shabab Amidst Challenges

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In a recent press conference held in Kismayo, President Hassan Sheikh Mohamud of Somalia declared a significant triumph in the fight against the notorious militant group Al-Shabab. The federal government, in collaboration with the state of Jubbaland, has successfully liberated crucial territories in the southern part of the country. However, amidst these victories, President Mohamud addressed the temporary pause in military operations due to the recent El Nino rains. Beyond the military front, the President expressed a commitment to collaborating with Jubbaland to aid flood recovery efforts and resume operations. The Impact of Recent Flooding: President Mohamud acknowledged the severe impact of last year's unprecedented flooding, which claimed the lives of over 120 people and affected more than 2.4 million individuals across Somalia. The devastating consequences prompted a temporary halt in military operations to address the pressing needs of the affected population. The federal g...
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Addressing artificial intelligence, energy, and global collaboration, the UAE President discusses the G7 Summit.

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Attached to a historic action stressing the UAE's commitment to technological progress and sustainable growth, President Sheikh Mohamed attended the G7 Summit session focused on artificial intelligence (AI) and energy. Italy's Prime Minister, Giorgia Meloni, opened this session under the theme "Energy and Artificial Intelligence/Africa and the Mediterranean Region," therefore indicating a noteworthy global participation. In his lecture, Sheikh Mohamed underscored the pressing global problems mostly affecting the Middle East and Africa, particularly with regard to energy use. He stressed the need for group effort and global cooperation to solve these issues. By utilizing innovative technologies such as artificial intelligence, the world can develop environmentally friendly solutions, ensuring energy security and promoting social and economic development. Sheikh Mohamed reiterated once more the UAE's will to establish an integrated artificial intelligence system v...
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