OPEC

Saudi Finance Minister Mohammed al-Jadaan. (Archive photo: Reuters) In a fresh collaboration, Saudi Arabia teamed up with the OPEC Fund and Somalia to aid the economic recovery of the East African nation. The deal was penned by Saudi Finance Minister Mohammed al-Jadaan, Somali Finance Minister Bihi Egeh, and OPEC Fund's chief Abdulhamid al-Khalifa during the OPEC Fund Development Forum and Ministerial Meeting in Vienna. Somalia grapples with unrest, including violence from the al-Qaeda-affiliated al-Shabaab group and…

Somalia Knocks Out $36 Million Debt to OPEC Fund, Thanks to Saudi's Heavy Lifting VIENNA - Somalia has clinched a pact to wipe clean its $36 million arrears with the OPEC Fund. This pivotal move was orchestrated with Saudi Arabia's backing, which extended a bridge loan to ease the repayment. This agreement opens a fresh chapter in Somalia's debt relief saga, aiming to bolster the nation's macroeconomic footing and drive economic rebound.…

Mogadishu (AX) – The Somali government has clinched a pact with the OPEC Fund for International Development to clear a debt tallying USD 36 million. Somalia's Finance Minister, Bihi Iman Egeh, inked this deal in Vienna on Tuesday, mentioning the pivotal role of the Saudi Arabian government in advancing the talks that hastened the debt resolution. "Today, we've landed an agreement to wipe out the USD 36 million owed to the OPEC Fund. The Kingdom of Saudi Arabia gave crucial aid with a bridge loan to expedite this," he said.…

 Arbaco, Juun, 26, 2024 (AX) - Waxaa magaalada Viena ee dalka Austria heshiis kula saxiixday Sanduuqa Horumarinta Caalamiga ah ee OPEC iyo Wasiirka Maaliyadda Xukuumadda Federaalka Soomaaliya, Biixi Iimaan Cige heshiiskaas oo xal looga gaaray deymo Sanduuqa OPEC uu ku lahaa Soomaaliya oo dhan $36 Milyan.Heshiiskaan Xukumadda Federaalka Soomaaliya iyo Sanduuqa OPEC ay wada gaareen ayaa waxaa kaalin muhiim ah kulahaa Xukumadda Sacuudiga oo fududeysay wadahadalada xalka looga gaaray deyntaan iyo waddii loo maray xalinteeda oo…