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Sharjah Islamic Bank’s net profit up 15% in first half

Sharjah Islamic Bank on Saturday announced an increase in its operating profit before provisions by 25.6 per cent, amounting to Dh417.3 million for the...

MTN South Sudan inks rural rollout MoU with NuRAN Wireless

MTN South Sudan has signed a Memorandum of Understanding (MoU) with Quebec-based vendor NuRAN Wireless for the deployment of a number of network-as-a-service (NaaS) rural...

WorldRemit – A Somali Success Story

What is the history of WorldRemit? • WorldRemit is a leading digital money transfer service that makes sending money as easy as sending a text...

Somalia boosts effort to combat illegal fishing

Illegal fishing by foreign fleets have plundered the country’s wealth since early 1990s. • Somalia has one of the richest fishing resources in Africa, with...

Paris Club creditors to cancel $14 bln owed by Sudan

The Paris Club of official creditors has agreed to cancel $14 billion owed by Sudan and restructure the rest of the more than $23...

Employers Can Ban Muslim Veils at Work, Top EU Court Rules

Right-wing politicians across the European Union are cheering the Thursday morning decision against religious insignia. The EU’s top court ruled on Thursday that companies can ban their...

International Bank of Somalia partners Visa to launch card payment service

Somalia has gained its first Visa-branded card payment service through a partnership between Visa and the International Bank of Somalia (IBS Bank). IBS Bank is...

South Sudan-owned telecom company begins operations

South Sudan President Salva Kiir has launched the first-ever local mobile operator in the county's capital Juba. Digitel Network, the third mobile operator in South...

DP World expands footprint in Africa further, opens new container terminal in Somaliland

Growing its ever increasing footprint in Africa, integrated logistics solutions provider Dubai Ports World (DP World) and the government of Somaliland have inaugurated a new container provider at Berbera port. This follows the completion...

Ethiopia hopes Somaliland port terminal reduces dependence on Djibouti

A new container terminal opened at Berbera port in the semi-autonomous Somaliland region is expected to be a major trade gateway for landlocked Ethiopia. It...

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