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New Mogadishu maritime port draws global investor attention

By Adam Ahmed and A.A. JamahSunday June 7, 2026 After years of war and disruption, Somalia is moving to rebuild at pace, and that recovery is beginning to draw the attention of investors. Across multiple sectors, new openings are emerging as the country looks to reassert its place in the Horn of Africa and in global trade. One of the most significant prospects now on the table is the New Mogadishu Maritime Port (NMMP). Located about 35 kilometers north of Mogadishu, the planned port is being developed through the New…

Anthropic calls for a pause in global AI development

As leading AI systems grow more capable, Anthropic is urging the world to consider a coordinated pause on the development of the most advanced models, arguing that early warning signs suggest the technology could eventually slip beyond human control. The San Francisco-based company behind the Claude family of AI models said in a new report that a global slowdown in frontier AI work would "likely be a good thing". But it also stressed that a unilateral move would accomplish little, because competitors would almost certainly…

Somalia maritime importance and global trade routes explained

Somalia sits on a strategically important stretch of the Indian Ocean and the Gulf of Aden, close to one of the world’s busiest chokepoints. The country’s maritime space influences how goods move between Europe, Asia and Africa—and how shipping security in the region is managed. This explainer outlines why Somalia matters to global trade routes, what has shaped maritime activity over time, and key facts that help explain the geography of shipping in the Horn of Africa. Somalia’s location: a gateway to major sea lanes…

Funding Shortfalls Hamper the Global Fight Against Ebola

On the front lines of a fast-moving epidemic, health workers say they are racing against time with scarce supplies. "We are trying to fight the disease with the equipment and resources available in order to save our people, who have already suffered from insecurity for a long time and now face a new ordeal," said Chérubin Radjabu, a nurse in the outbreak area. The outbreak is unfolding in conflict-affected areas and against a backdrop of global aid cuts and a fraught political climate in the country—factors that could…

Somali livestock manifesto aims to turn national heritage into global powerhouse

Somalia’s livestock sector has reached a defining moment. But if the country wants this hard-won success to translate into lasting wealth, it must stop letting its “gold” go to market at “silver” prices. The way forward, the article argues, is clear: Somalia must take control of the supply chain — from pasture to plate — and turn livestock from a raw export into a premium global brand. The Gap: Why Our Hard Work Earns Less At present, there is a deep mismatch between what the Somali bush produces and what international…

Global oil prices slip as Middle East fighting limits losses

Oil prices pulled back on Tuesday as traders weighed signs that shipping could resume through the Strait of Hormuz, even as fresh clashes between the United States and Iran kept a floor under the market and underscored the risk of wider disruption. Brent crude futures were down $4.18, or 3.6%, at $110.26 a barrel this evening, after closing 5.8% higher yesterday. US West Texas Intermediate crude dropped $4.34, or 4.1%, to $102.08, following a 4.4% rise in the previous session. Maersk said the Alliance Fairfax, a US-flagged…

Somalia advances its security agenda in global security forums

By Awes Hagi Yusuf AhmedSaturday May 2, 2026 Somali President Hassan Sheikh Mohamud speaks with journalists about security policy at Villa Somalia, the presidential palace and main office, on April 22, 2025, in central Mogadishu, Somalia. In world affairs, where a nation sits can matter almost as much as what it says. For years, Somalia was mostly a topic of debate in international security circles, not a power helping to steer them. That is beginning to change, and the implications are both practical and symbolic.…

UAE exits OPEC, dealing blow to global oil producers’ group

The United Arab Emirates has announced it will withdraw from the OPEC and OPEC+ oil alliances, a dramatic move that lands a significant blow on the producers' bloc as an extraordinary energy crisis sparked by the US-Israeli war on Iran lays bare growing rifts across the Gulf. The departure of the UAE, a longtime OPEC member, threatens to erode the group's influence. OPEC has typically worked to project unity even when disputes over geopolitics and output targets have simmered beneath the surface. UAE Energy Minister Suhail…

UAE leaves OPEC, dealing major blow to global oil producers’ group

By Maha El DahanTuesday April 28, 2026 Saudi Foreign Minister Faisal bin Farhan al Saud receives United Arab Emirates' Deputy Prime Minister and Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan ahead of an exceptional meeting of the Gulf Cooperation Council (GCC), the first in-person meeting of Gulf leaders since their states became a front in the Iran war two months ago, In Jeddah, Saudi Arabia, April 28, 2026. Saudi Press Agency/Handout via REUTERS Purchase Licensing Rights The United Arab Emirates said on…

Meta confirms global layoffs, raising fears for Irish jobs

Meta, the parent company of Facebook, is preparing to shed 10% of its global workforce — a move that would amount to about 8,000 jobs. It remains unclear how the planned cuts will affect the company’s Irish business, where roughly 1,800 people are employed. A spokesperson for Meta Ireland declined to discuss the specifics of the redundancies, but confirmed the details of a Bloomberg report that first revealed the worldwide layoffs. The reductions were set out in a memo to employees, which also said Meta will leave thousands…