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#Eyes

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Somalia expects positive drilling results with Türkiye by year-end, seeks mining deals

Wednesday May 27, 2026 Somali minister says partnership with Türkiye could support economic growth and energy security Somalia is anticipating encouraging developments before the end of this year from offshore oil and gas drilling with Türkiye, while also seeking to broaden cooperation with Ankara in mining, Somali Petroleum and Mineral Resources Minister Dahir Shire Mohamed said. Speaking to Anadolu, Mohamed said Somalia and Türkiye have entered a new stage in their energy partnership after completing seismic…

Elon Musk Eyes Wall Street Record in SpaceX IPO

SpaceX, Elon Musk’s rocket and satellite company, has filed for what could become the biggest initial public offering ever, outlining plans to raise as much as $75 billion from public investors. If the deal goes ahead on those terms, the company’s market debut would eclipse every previous IPO on record. The filing states that after the offering, Mr Musk would serve as chief executive, chief technology officer and chair of the board. US media reports said SpaceX is seeking to raise $75bn and secure a valuation of up to $1.75…

Burnham eyes return as MP to challenge Starmer

Keir Starmer faced mounting pressure over his leadership after a Labour MP stepped aside to give Greater Manchester Mayor Andy Burnham a route back to parliament — and a possible platform to challenge for the top job. Mr Burnham said he wanted to return to Westminster to "make politics work properly for people" after Josh Simons, the Labour MP for Makerfield, announced he would resign his seat so Mr Burnham could "drive the change our country is crying out for". Sources said Mr Starmer does not plan to stand in the way of Mr…

Somalia targets China seafood exports after zero-tariff policy opens market

Wednesday April 29, 2026 Mogadishu (AX) — Somalia is poised to widen its seafood exports after China unveiled a zero-tariff policy for imports from 53 African countries, a move that could reshape the country’s fisheries sector and give a lift to economic growth. The policy, which takes effect on May 1, will allow Somali marine products to enter Chinese markets duty-free, removing a major obstacle that has long held back direct trade. Fisheries Minister Ahmed Hassan Aden said the arrangement opens a direct route to one of…

Iran Eyes $15B From Hormuz Transit Fees Paid in Local Currency

Friday April 17, 2026 Tehran is floating a plan to settle Hormuz transit payments in its own currency, a move Iranian officials say could bolster the rial and unlock as much as $15 billion a year in revenue. / Reuters A proposed bill to formalise Iran’s sovereignty over the Strait of Hormuz is being framed in Tehran as more than a territorial assertion: it is also intended to give the rial a stronger foothold in regional financial dealings, according to Iran’s semi-official ISNA news agency. Ahmad Naderi, a member of…

Labour MPs convene as Starmer rival Andy Burnham eyes by-election bid

Labour MPs from northwest England will gather amid rising speculation that Greater Manchester Mayor Andy Burnham could seek to stand in a forthcoming Westminster by-election in Gorton and Denton — a move that would test the Prime Minister’s authority and reshape Labour’s internal dynamics. The meeting comes as party figures weigh whether Burnham, long viewed as a potential rival for the party leadership, will enter the race triggered by the resignation of Andrew Gwynne, the former MP for the Greater Manchester seat. Burnham…

U.S. Eyes Liberia’s Rich Mineral Resources for Investment Opportunities

Unlocking Potential: U.S.-Liberia Relations and the Minerals Frontier In the muted halls of Washington, a significant dialogue unfolded last week that highlights the intricate dance of geopolitics and resource diplomacy. U.S. Secretary of State Marco Rubio met with Liberian Foreign Minister Sara Beysolow Nyanti, discussing the expansion of American interests in Liberia's critical minerals sector. This meeting is more than just a diplomatic handshake; it symbolizes a burgeoning relationship that could redefine not just…

Turkey Eyes Fresh Investment Opportunities in Central Somalia: Ambassador

  Türkiye is setting its sights on new investment ventures in Somalia's central state, Galmudug, as per the Turkish envoy's announcement this Tuesday. Upon reaching Dusmareb, Galmudug's hub, a delegation headed by Türkiye's ambassador to Somalia, Alper Aktaş, engaged in talks with Ahmed Abdi Karie, the state's president, and his Cabinet members.They delved into discussions around kickstarting infrastructure initiatives in Galmudug and the potential impact of Turkish investments."We had fruitful discussions on the steps…