swift

PRESS RELEASE Mogadishu, June 5, 2025 – Premier Bank is thrilled to unveil its upgraded direct SWIFT payment platform—a significant leap forward in the realm of international money transfers. This innovative service will enable both businesses and individuals in Somalia to send and receive funds globally with unprecedented speed, simplicity, and security. For over two decades, the complications surrounding cross-border transactions have lingered like a cloud over the economic landscape. Now, with the launch of this direct…

Mogadishu (AX) — In a poignant display of empathy and concern, former Somali President Mohamed Abdullahi Farmaajo has reached out to the families of 20 Somali migrants who tragically lost their lives while attempting the perilous crossing of the Mediterranean Sea, en route to the Spanish island of Palma. This heartbreaking incident stands as a grim reminder of the dire circumstances that drive so many young people to undertake such dangerous journeys in search of a better life. In a statement released on Friday, Farmaajo…

In a momentous announcement last Friday, Somali Defense Minister Ahmed Moalim Faqi declared that the national armed forces have successfully liberated the entire Middle Shabelle region from the grips of the Al-Shabaab movement—a group critically linked to Al-Qaeda. This significant victory marks a pivotal turn in the ongoing battle against extremist insurgents in the region. In his public statement, Minister Faqi expressed deep admiration for the valor and tenacity displayed by the Somali armed forces and the local…

US President Donald Trump took to Air Force One recently, using his downtime to openly criticize musician Bruce Springsteen, whom he referred to as an "obnoxious JERK," while also declaring Taylor Swift "no longer HOT" in a series of social media posts. During his return from a diplomatic tour in the Middle East, Trump made headlines on his Truth Social platform, engaging in a feud with Springsteen. The legendary rocker had recently expressed his concerns about America’s leadership, calling it a "corrupt, incompetent and…

The National Union of Somali Journalists (NUSOJ) commemorates World Press Freedom Day by unveiling its latest State of the Media Report. This document, a stark reflection of the struggles faced by journalists in Somalia, exposes the pervasive repression that remains deeply rooted in the fabric of society. Now in its 14th edition, this annual report stands as the most thorough and reliable account of media freedom violations in the region. It meticulously documents heinous acts against journalists, revealing…

Spain is actively working to restore power nationwide "soon" following a significant blackout that disrupted daily life for millions. Prime Minister Pedro Sanchez emphasized that there has been no "conclusive information" regarding the causes of the outage. In a display of leadership, the Socialist leader urged citizens to demonstrate "responsibility and civility" to assist authorities in managing this crisis, which also impacted Portugal and France. "We'll get through this together," he reassured the public during a…

Understanding Russia's Evolving Military Strategies In the realm of military strategy, insight often emerges from unexpected places. Federico Borsari, a resident fellow at the Center for European Policy Analysis, recently communicated to Business Insider a compelling observation: "The Russians are adapting, and this is definitely something that NATO is noticing." This candid acknowledgment sets the stage for a deeper dive into Russia's ongoing military evolution, particularly concerning artillery production and battlefield…

UK Hosts Global Conference Calling for Swift End to Sudan Conflict The United Kingdom has spearheaded international appeals for an immediate end to the devastating war in Sudan, hosting top global diplomats to discuss new humanitarian aid commitments as the crisis enters its third year. The conflict, erupting on April 15, 2023, arises from a power struggle between Sudan's regular army, led by Abdel Fattah al-Burhan, and the paramilitary Rapid Support Forces (RSF), headed by Mohamed Hamdan Daglo. Neither leader attended…

In recent times, the globalization of trade has become a hot topic, especially with Donald Trump's introduction of sweeping new tariffs that have sent ripples through the global market. "Trade wars are good, and easy to win," he once declared. But is it really so straightforward? Last week, the spotlight was on a potential meeting that could reshape US-Africa relations. This was indicated by Parks Tau, the South African Minister of Trade. Tau emphasized the hurdles that lie ahead, especially in trying to restore an…

What’s Impacting Tesla's Share Decline? Examining the Underlying Factors The financial terrain for Tesla seems to be an uphill battle these days. With a ninth consecutive week of losses, Tesla's stock now sits at 53% below its peak from mid-December. How did the all-electric giant find itself in this predicament? Daily, it seems, the roadblocks for Tesla multiply. Both fresh and familiar challenges surround the enterprise. Take, for instance, the recent news from Tuesday: Tesla faces…