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Stocks Slip as Oil Prices Rise on Uncertainty Over US-Iran Ceasefire Talks

By  STAN CHOEWednesday April 22, 2026 Wall Street and oil markets lurched back and forth Tuesday as investors tried to gauge what comes next after the ceasefire in the war with Iran, which was due to expire Wednesday. The S&P 500 surrendered an early gain and finished 0.6% lower after U.S. Vice President JD Vance canceled a planned trip to Pakistan, where he had been expected to lead American negotiators in talks with Iran aimed at extending the truce. The Dow Jones Industrial Average fell 293 points, or 0.6%, after at…

AU rejects Israel’s envoy move to North Western State of Somalia, calls recognition null and void

By BRUHAN MAKONGMonday April 20, 2026 The African Union has sharply criticised Israel’s appointment of a diplomatic envoy to North Western State of Somalia, saying the move risks stirring fresh instability in the Horn of Africa and does nothing to alter its view that the territory remains part of Somalia. The African Union has condemned reports that Israel has appointed a diplomatic envoy to the self-declared Republic of North Western State of Somalia, insisting that any unilateral recognition of the territory is “null and…

Ethiopia arrests 138 suspects linked to Al-Shabaab, ISIS militants

Monday April 20, 2026 Addis Ababa (AX) — Ethiopia’s National Intelligence and Security Service (NISS) says it has detained 138 people it believes were tied to terrorist and extremist networks, alleging the group was preparing violence ahead of the country’s 7th general elections. In a statement released Saturday, the agency said those arrested were helping organize and sustain armed cells designed to undermine peace and stability and interfere with the electoral process. The detentions, it said, came during coordinated…

Puntland State president reshuffles police leadership, revives military courts

Sunday April 19, 2026 Garowe (AX) — In a sweeping move aimed at tightening security and revitalizing state institutions, Puntland State President Said Abdullahi Deni on Saturday appointed new police commanders and military court officials. The changes affect several key branches of the Puntland State Police Force, while also bringing in judges and prosecutors for the armed forces courts, which were dissolved nearly a year ago. Deni named Abdulqadir Jama Dirir as second deputy commander of the Puntland State Police Force. He…

Somalia rethinks federalism in light of experience and reality

Friday April 17, 2026 A hard look at how political engineering, donor influence, and institutional frailty are shaping the future of the Somali state By Dr. Ali Said Faqi Two decades on, federalism in Somalia remains less a finished settlement than a work in progress — one whose contradictions now appear to threaten the stability it was meant to protect. Somalia officially embraced federalism in 2004 as a political arrangement designed to help rebuild a country shattered by collapse and civil war. It was widely viewed as a…

Somalia seeks offshore oil development through evidence-based partnerships

By: Prof. Abdinasir Ali OsmanTuesday April 14, 2026 A Condensed Investigative and Forward-Looking Policy Analysis of Curad-1 and Somalia’s Offshore Future Somalia’s offshore oil frontier has quickly become one of the Horn of Africa’s most closely watched energy stories. In a region where maritime security, foreign investment, and state-building often collide, the Curad-1 drilling program has pushed Somalia from theory into action. This condensed investigative analysis draws on international reporting, institutional…

Mogadishu traders stop accepting Somali shilling amid inflation, currency decline

Tuesday April 14, 2026 Mogadishu (AX) — In a swift and sweeping move that caught many residents off guard, traders across Mogadishu on Monday stopped accepting the Somali shilling, pushing the national currency out of one of the last major markets where it still circulated in limited form. The change took hold quickly in the city’s busiest markets, on public transport and in neighborhood shops, leaving many people — especially low-income residents who depend on cash for daily purchases — facing immediate difficulties paying…

Somalia marks Army Day, highlighting stability and progress efforts

by BRIAN ORUTAMonday April 13, 2026 Somalia celebrated the 66th anniversary of the Somali National Army (SNA) on Monday with a prominent ceremony in Mogadishu that projected a message of confidence in the country’s security gains. President Hassan Sheikh Mohamud joined Defence Minister Ahmed Moallim Fiqi, Army Commander Ibrahim Mohamed Mahmoud, and other senior civilian and military officials at the event. A military parade featuring armored vehicles, aircraft, and traditional displays highlighted what officials described as…

Cagri Bey vessel to launch new phase of Somalia oil and gas exploration

Saturday April 11, 2026 Türkiye is preparing to launch its first deep-sea drilling project abroad, a milestone that Energy and Natural Resources Minister Alparslan Bayraktar said on Friday in Mogadishu will usher in a new era for the country’s energy ambitions. The Curad-1 well, located offshore Somalia, is the centerpiece of the effort. Situated about 372 kilometers from Mogadishu, the well will probe a geological formation flagged as promising after months of seismic work carried out by Türkiye's Oruc Reis vessel.…

North Western State of Somalia moves to end clan violence in Salal and Awdal regions

Friday April 10, 2026 Hargeisa (AX) — North Western State of Somalia moved on Thursday to stamp out the cycle of clan fighting in Salal and Awdal, announcing a set of measures that orders armed militias to withdraw and warns that anyone who obstructs the peace effort will face legal action. The plan was unveiled by North Western State of Somalia’s vice president, who said the government was “deeply saddened” by the repeated flare-ups of inter-clan violence and remains determined to secure a final, durable settlement. He…