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Dhabi

Somalia Clinches $257 Million Debt Relief Agreement with Abu Dhabi Development Fund

Mogadishu (AX) – In a move as monumental as it is symbolic, the Somali government has resolved a debt dispute with the Abu Dhabi Development Fund (ADFD) originating from the ill-fated Juba Sugar Factory project. This triumph sees $257 million etched off the slate, an encouraging milestone in Somalia's ambitious economic revival plan. Amid the opulence of Dubai and the stimulating atmosphere of the World Government Summit, a simple yet momentous act took place. Somalia’s Finance Minister, Bihi Iman Igeh, alongside ADFD’s…

Somalia Collaborates with Abu Dhabi Ports Group to Revamp Fisheries and Port Infrastructure

Mogadishu (AX) — Somalia’s Ministry of Fisheries and Blue Economy has inked a transformative pact with Abu Dhabi PORTS Group, aiming to revolutionize the nation's fisheries and port infrastructures. This move is hoped to bolster both stability and economic growth along Somalia’s coastline, which has been marred by decades of turmoil. Approved by Somalia’s Council of Ministers, this memorandum of understanding (MoU) sets forth a visionary plan to revamp fishing facilities, upgrade ports, and initiate training programs to arm…

McEntee Visits Abu Dhabi to Formalize Bilateral Agreements with the UAE

Justice Minister Helen McEntee is currently in Abu Dhabi, where she is poised to finalize crucial bilateral agreements with the United Arab Emirates focused on extradition and mutual legal assistance. These two treaties, which received the green light from the Government just last Friday, are poised to significantly bolster cooperation between Ireland and the UAE in their collective efforts to combat crime and streamline the extradition process. Last year, Minister McEntee embarked on negotiations with the UAE, engaging in…

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