deals

Panama’s Supreme Court has annulled the concession framework underpinning Panama Ports Company’s long-running contracts at the Panama Canal’s Atlantic and Pacific gateways, casting immediate uncertainty over who will control the Balboa and Cristóbal container terminals and complicating CK Hutchison’s proposed $23 billion sale of its global ports business to a consortium led by BlackRock and Mediterranean Shipping Company. In a ruling issued after what it called “extensive deliberation,” the court found the laws and state…

Somalia, Türkiye agree on Port of Mogadishu upgrades to boost trade, revenue MOGADISHU, Somalia — Somalia and Türkiye have agreed to develop new infrastructure projects at the Port of Mogadishu to expand trade, raise state revenue and improve efficiency at the country’s main maritime gateway, officials said Wednesday. The agreement followed talks in Mogadishu with a senior Turkish delegation led by Durmuş Ünüvar, Türkiye’s deputy minister of transport and infrastructure, signaling a renewed phase of cooperation…

Saudi Arabia is knitting together an ambitious web of defense partnerships stretching from the eastern Mediterranean to the Indian Ocean, a bid to harden regional security as faith in Washington’s umbrella frays and rival Gulf capitals jostle for influence. From talks with Egypt and a potential pact with Somalia to deepening ties with Pakistan and possible alignment with Turkey, the moves revisit a familiar idea with new urgency: an “Islamic NATO.” The latest stitch came in Davos, where Saudi Foreign Minister Prince Faisal…

MOGADISHU — Somalia has canceled its defense and security agreements with the United Arab Emirates, a move the government said Friday was necessary to protect the country’s sovereignty, territorial integrity and public safety while keeping broader diplomatic ties intact. Information, Culture and Tourism Minister Daud Aweys Jama said the termination applies strictly to military and security cooperation frameworks between Mogadishu and Abu Dhabi. He argued the arrangements had become more harmful than helpful to Somalia’s…

North Western State of Somalia leader meets Eric Trump in Davos as recognition push and investment pitch intensify DAVOS, Switzerland — Jan. 23, 2026 — North Western State of Somalia’s president, Abdirahman Mohamed Abdullahi, met Eric Trump on the sidelines of the World Economic Forum as the unrecognized East African territory seeks both international recognition and private investment, according to people familiar with the encounter. The discussion, held Wednesday in a hotel conference room steps from the Davos Congress…

New Leadership in U.S. Africa Bureau Faces Complex Challenges Nick Checker, who stepped into the role of head of the State Department's Africa Bureau earlier this month, brings a unique perspective to the position after spending most of the past decade at the CIA. Unlike his two predecessors—career diplomats who served under President Trump—Checker has only four months of experience at the State Department. As the 'Senior Bureau Official,' a title currently used for acting positions across numerous agencies, Checker is…

MOGADISHU — Somalia’s federal Cabinet has moved to cancel security and defense agreements tied to three strategic ports, a sweeping decision that immediately drew forceful rejection from Puntland State, Jubbaland and North Western State of Somalia and sharpened a long-running power struggle over sovereignty and foreign partnerships. Ministers meeting in Mogadishu on Monday voted to annul all security and defense agreements and cooperative arrangements related to Berbera, Bosaso and Kismayo. The government said the deals…

MOGADISHU — Somalia’s federal cabinet has annulled all agreements previously signed with the United Arab Emirates, voiding deals that covered defense cooperation, port management and security assistance, in a sweeping move aimed at reasserting federal control over foreign partnerships. The cabinet cited breaches of sovereignty stemming from UAE agreements with regional authorities. The decision follows Mogadishu’s ban on Emirati military and cargo flights and the start of a UAE military drawdown in Somalia, according to…

Somalia cancels UAE-linked security and defense deals tied to Berbera, Bosaso and Kismayo ports MOGADISHU — Somalia’s federal government has annulled security and defense agreements with the United Arab Emirates connected to several strategic ports, saying the deals violated the country’s sovereignty, national unity and political independence. The Cabinet decision cancels port-related arrangements involving Berbera, Bosaso and Kismayo Move follows an immigration probe into alleged unauthorized use of Somali territory linked…

In Mogadishu, Somali leaders are staunchly defending a new security agreement they’ve forged with Egypt. To them, this deal nestles comfortably alongside Somalia’s collaborations with the U.S., Turkey, the EU, and several Gulf nations.Hussein Sheikh Ali, who advises Somalia on national security matters, clarified that Egyptian forces might soon participate in the awaited African Union Support and Stabilization Mission in Somalia (AUSSOM). This mission is destined to succeed the African Union Transition Mission in Somalia…