Somalia Financial News

MOGADISHU (Reuters) — The number of people killed by floods from heavy rains in Somalia has climbed to 96, state news agency SONNA said on Saturday.

Aden, Yemen, on Sunday, authorities said. While no group immediately claimed responsibility, it comes as at least two other maritime attacks in recent days have been linked to the Israel-Hamas war. The attackers seized the Central Park, managed by Zodiac Maritime, in the Gulf of Aden, the company and private intelligence firm Ambrey said.

Call of Duty (CoD) series is anticipated for a fall 2024 release, with a probable launch in October or November, based on the historical pattern of the franchise's release schedule. Despite Microsoft's recent acquisition of Activision Blizzard, assurances have been made by Phil Spencer that Call of Duty games will continue to be available on PlayStation consoles, with a deal also in place for future titles on Nintendo hardware. The uncertainty around the franchise's future on PlayStation has been overshadowed by the completion of the acquisition, granting Xbox more control over its destiny. The game is expected to release on the standard platforms, including Xbox, PlayStation, and PC, with the possibility of an extension to Nintendo consoles due to a potential long-term agreement. As for the game's setting and timeframe, while leaks have suggested a focus on the 1993 Battle of Mogadishu in Somalia, conflicting reports indicate diverse possibilities. Some sources suggest a return to the Black Ops series, specifically a title named Black Ops Gulf War, set in the early 90s with a more traditional, boots-on-the-ground style of gameplay. Contrarily, industry insider Tom Henderson hinted at a semi-futuristic approach in Treyarch's next game. Other rumors speculate on the Iraq War in the early 2000s. The lack of consensus makes predicting the game's specifics challenging at this stage.

Finnish border guards and soldiers have begun erecting barriers including concrete obstacles topped with barbed-wire at some crossing points on the Nordic country’s lengthy border with Russia

British Prime Minister Rishi Sunak says the U.K. is setting up a new science initiative to help develop flood-tolerant rice, disease-resistant wheat and other crops that are more resilient to climate change

Somalia and neighbouring countries in East Africa following a historic drought as a once-in-a-century event. Around 1.6 million people in Somalia could be affected by the heavy seasonal downpours, which have been worsened by the combined impact of two climate phenomenons, El Niño, and the Indian Ocean Dipole, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said in a statement late on Thursday.

NAIROBI (Reuters) — International Monetary Fund (IMF) staff on Wednesday reached a preliminary agreement with Somalia that will allow for the release of $100 million in funding under a new 36-month credit programme, the fund said.

Donald Trump pledged to restore the “travel ban" that targeted seven Muslim-majority countries, if he is re-elected to the White House next year. “You remember the travel ban? On day one I will restore our travel ban," Donald Trump said on October 28, while addressing a Republican Jewish Convention in Las Vegas. Donald Trump was referring to the 2017 order issued by his administration, that imposed a blanket ban on the entry of travellers from Iran, Libya, Somalia, Syria, Yemen, Iraq and Sudan.

Trump used a speech to a Republican Jewish convention Saturday to promise reimposition of a controversial travel ban that targeted a slew of mostly Muslim countries if he gets re-elected. «We will keep radical Islamic terrorists the hell out of our country,» Trump told the audience attending the annual summit of the Republican Jewish Coalition. «You remember the travel ban? On day one I will restore our travel ban.» At the start of his presidency in 2017, Trump imposed sweeping restrictions on the entry of travelers from Iran, Libya, Somalia, Syria, Yemen and, initially, Iraq and Sudan.

Lately, a surge of travel streamers has provoked ire from global audiences due to their disruptive actions, with one of the most notable figures being known as 'Johnny Somali.' Somali, currently residing in Japan, has faced confrontations from locals and fellow expatriates on multiple occasions due to his conduct, which includes shouting provocative statements like «Hiroshima and Nagasaki» at people in public spaces. At present, Somali has been arrested on two occasions, and Japanese authorities have even labeled such streamers as «nuisances.» Nevertheless, he is not the sole content creator responsible for causing disturbances in the country. Meanwhile, another YouTuber with 2.4 million subscribers apologised on Tuesday after a video of him and three others free-riding around Japan became the latest example of fame-seeking foreigners riling locals, as per an AFP report. The YouTuber known by the username Fidias posted a video over the weekend of the four riding trains and buses around Japan — in some cases without paying, AFP reported. In the video, Fidias hides in a toilet of a bullet train, pretends to be ill when confronted by a ticket collector, and then escapes to board another train where he pulls the same trick. Another clip shows him entering a hotel and pretending to be a guest in order to get free breakfast.

Read all the latest updates on Cyclone Tej at Mint's LIVE blogIn 2022, no tropical storm was formed over the Arabian Sea during the post-monsoon season, while the Bay of Bengal witnessed two tropical storms -- Sitrang and Mandous.Cyclones in the Arabian Sea have a history of uncertain tracks and timelines, according to Skymet Weather.Once the cyclones are over the central parts of the Arabian Sea, their preferred track is towards Somalia, the Gulf of Aden, Yemen, and Oman. However, on a few occasions, these cyclones take a detour and head towards the Gujarat and Pakistan coastline, Skymet said.Cyclone Tej will be followed by the Iran-named Cyclone Hamoon – whenever it may occur.

weather changes in Maharashtra city due to a possible cyclonic storm that is expected to develop in the Arabian Sea. The IMD’s weather update on Monday outlined that a low-pressure area is likely to develop over the southeast and adjoining east-central Arabian Sea in the next 48 hours. October to December is among the favorable periods for the development of cyclones in the Bay of Bengal and the Arabian Sea due to warmer ocean temperatures.

PTI citing an official at the IMD, a cyclonic circulation over the southeast Arabian Sea and the adjoining Lakshadweep region has been seen. Due to which a low-pressure area is likely to be formed over the same region. At present, the probability of the system intensifying into a cyclonic storm is not notably high.

Officials across Germany are sounding the alarm that they are no longer able to accommodate migrants who are applying for asylum

Also read: Nijjar killing row: ‘Canada has seen a lot of organized crime’, says Jaishankar She added, "We are also requesting a briefing on whether there are similar operations in the United States". Following Omar's remark MP Chaturvedi urged India's foreign ministry to start an enquiry into how an elected representative in the USA is interfering in the peace of Jammu & Kashmir via a Pakistan-funded PoK visit. Omar reportedly visited to Pakistan-occupied part of the disputed region of Kashmir or PoK in 2022.

India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security. The exports to UAE are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification on late Monday evening. While amending the export policy, DGFT maintained that the export will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on the request of their government. Last month, India had decided to allow the export of rice to «meet the food security requirements» of Singapore. West African country Benin is one of the major importers of non-basmati rice from India.

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The Federal Republic of Somalia is the latest country to ban cryptocurrency-friendly messaging app Telegram, alongside TikTok social media app and the online-betting site 1XBet.

Somalia has banned TikTok, messaging app Telegram and online-betting website 1XBet to limit the spread of indecent content and propaganda, its communications minister said. «The minister of communications orders internet companies to stop the aforementioned applications, which terrorists and immoral groups use to spread constant horrific images and misinformation to the public,» the minister, Jama Hassan Khalif, said in a statement late on Sunday.

Many countries have followed a similar economic trajectory: As they develop, women increasingly enter the workforce, further fueling the country’s upward climb. It happened in China, Japan and South Korea in the latter half of the 20th century. The U.S.

In a recent sports event that garnered attention in Somalia, officials faced criticism for their selection of a novice 100-metre sprinter, Nasra Abubakar Ali, to represent the country at the World University Games in China. The young athlete, lacking any prior experience in top-level competitions, took nearly twice the time of the eventual winner to complete the race, finishing in 21.81 seconds. The sports minister, Mohamed Barre Mohamud, issued an apology for the embarrassment caused by the selection, acknowledging that it was not a true representation of the Somali people.