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Somalia Waxay Xoojinaysaa Xiriirka Caalamiga ah: Madaxweyne Xasan Sheekh Maxamuud oo Guddoomay Warqadaha Danjirayaal Cusub

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  Tallaabo muhiim ah oo lagu xoojinayo xiriirka caalamiga ah ee Soomaaliya ayaa maanta ka dhacday Madaxtooyada Qaranka, Villa Soomaaliya, halkaas oo Madaxweynaha Jamhuuriyadda Federaalka Soomaaliya, Mudane Xasan Sheekh Maxamuud , uu si rasmi ah ugala wareegay warqadaha aqoonsiga ee sideed danjire oo cusub oo aan deganeyn dalka. Xafladda rasmiga ah waxay muujinaysaa ballaarinta xiriirka diblomaasiyadeed ee Soomaaliya la leedahay la-hawlgalayaasha muhiimka ah ee ka kala socda Afrika, Aasiya, Yurub, iyo Ameerika. 🤝 Kuuriyada Diblomaasiyadda Cusub Sideedan danjire ayaa soo bandhigay warqadahooda, taasoo calaamad u ah bilowga rasmiga ah ee howlahooda diblomaasiyadeed ee Jamhuuriyadda Federaalka Soomaaliya. Kooxdan kala duwan waxay matalayaan dalal ay Soomaaliya doonayso inay xoojiso xiriirka laba geesoodka ah ee dhinacyada dhaqaalaha, siyaasadda, iyo amniga. Danjirayaasha cusub ee uu qaabilay Madaxweynaha ayaa kala ah: Masar: Mudane Maxamed Salaax Qashta Indooniisiya: Mudane Wettja...
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UAE's Economic Explosion: A Future Brightly Ahead

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With BMI estimating a notable increase to 6.7% in 2025, from 3.8% in 2024, the UAE is set for amazing economic development. This hopeful projection emphasizes the UAE's effective initiatives in diversifying its economy and strengthening strong trade ties inside the area.


The Motives Behind UAE's Expansion

During the BMI Emerging Markets Key Themes 2024 webinar, John Ashbourne, Global Economist for Emerging Markets, underlined several main elements driving this expected increase:

Diversification of Economics:

The UAE has been assiduously trying to cut its dependence on oil by entering other industries including technology, finance, and tourism.
By means of this diversification approach, the UAE has positioned itself as a strong and flexible economy able to withstand changes in world economy.

Boom in tourism:

With its world-class infrastructure, cultural sites, and luxury products, the UAE's tourism industry continues to be a major driver of development with millions of people every.
Particularly Dubai has strengthened its status as a worldwide travel destination, which helps significantly to boost the national GDP.

Relations of Strategic Trade:

Using its diplomatic initiatives and geographical proximity, the UAE has developed close trading relationships with Iran among other neighbors.
These trade ties have given a consistent flow of commodities and services as well as supported economic stability.

Variations in the Oil Market

By 2024 and 2025, oil prices are expected to settle at $82 to 84 per barrel. Still, the scene of world oil demand is changing:

Developed Markets: Demand is predicted to peak by 2025 or 2026 then to steadily drop.
Global Outlook: Thanks in large part to the fast acceptance of electric vehicles (EVs) and other sustainable technologies, especially in China, a worldwide drop in oil consumption is expected to start in 2034 or 2035.

A View at China's Economic Path

Comparatively to the UAE's bright future, China has a more muted economic one:

Achieving pre-pandemic growth levels looks difficult without significant fiscal stimulus or the development of a new thriving industry. Though the EV industry is making great progress, by 2033 growth is predicted to slow down to barely under 3%.
High debt levels in China limit its capacity to carry out bold fiscal initiatives, therefore reducing expected rates of development.

The expected economic boom of the United Arab Emirates is evidence of its strategic foresight and aggressive policies in economic diversification and regional trade enhancement. As the nation keeps innovating and widening its economic horizons, it becomes a shining example of Middle Eastern resilience and development.

Supported by solid economic foundations and a forward-looking mindset, the UAE presents a convincing scene of prospects for companies and investors. The UAE's strong development path is a positive model of strategic adaptation and continuous improvement while the world economy negotiates challenging times.

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Maant iyo Soomaaliya

Somalia Joins UN FAO Commission to Combat Desert Locust Infestation

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In a significant stride towards combating the persistent threat of desert locusts, Somalia has ascended to a pivotal position as the seventeenth member of the Commission for Controlling the Desert Locust in the Central Region under the United Nations Food and Agriculture Organization (FAO). This milestone membership, marked on Wednesday, solidifies Somalia's commitment to manage and mitigate the devastating impact of locusts on agriculture and food security. According to the FAO's assessments, Somalia has demonstrated remarkable advancements in constructing national institutional and technical capacities for locust management since 2020, with substantial assistance from the FAO and other partners. Shoki AlDobai, the team leader for FAO's Locusts and other Transboundary Plant Pests and Diseases, emphasized Somalia's significance as a critical breeding ground for locusts. AlDobai highlighted that Somalia's inclusion in the Commission would not only benefit the country...
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Advance but No Deal: Talks between Ethiopia and Somalia in Turkey

By Abubakar Hussein
Significantly for East African diplomacy, the second round of Turkish-mediated negotiations between Somalia and Ethiopia concluded in Ankara on August 13, 2024, without a definitive deal. Officials from both nations and Turkey claim that despite this, the conversations made clear development. The focus of the debates is on a controversial port agreement Ethiopia signed in January 2024 with the self-declared sovereign nation of Somalandon. Relations between Ethiopia and Somaliland have been seriously strained by the deal wherein Ethiopia leases 20 kilometers of Somaliland's coastline in exchange for acceptance of Somaliland's independence. Viewing Somaliland as a part of its sovereign territory, Mogadishu denounced the agreement as unconstitutional, ejecting the Ethiopian ambassador and threatening to pull Ethiopian forces supporting Somalia out of the front lines against Islamist militants. Unlike past diplomatic interactions, the Ankara negotiations were conducted indirectly v...
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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 C...
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Somalia's Prime Minister Calls for Unity in Countering Extremism

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In a significant move to address the ongoing security challenges in Somalia, Prime Minister Hamsa Abdi Barre has taken the initiative to engage clerics and religious leaders in the fight against extremist ideologies. The Prime Minister inaugurated a conference in Mogadishu, emphasizing the critical role of clerics in promoting peace, reconciliation, and countering extremist ideologies within the nation. During the conference, Prime Minister Barre stressed the importance of collaboration between the government, intellectuals, clerics, and the people to address the various challenges facing Somalia. He highlighted the pivotal role that clerics and Imams play in raising public awareness and countering the extremist narratives propagated by groups like al-Shabaab and ISIS in the region. "I urge you to engage in reconciliation, stabilization, state-building, and the finalization of the constitution," Prime Minister Barre stated, highlighting the government's achievements in co...
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