Sri Lanka promotes tea and food at worlds largest exhibition in Dubai on March 12, 2017Sri Lanka sent the largest ever contingent of food and beverage exporting companies to ‘Gulfood 2017’, the world’s largest annual food and drink exhibition event in Dubai, to promote its tea, food. At the event held at the Dubai World Trade Centre, the country used the opportunity to promote its world famous Ceylon Tea and […]
Chinese-built railways avenues of hope for aspiring Ethiopians on March 12, 2017ADDIS ABABA: In rural and urban Ethiopia, Chinese contractors are busy building railways that are counted upon to speed up the industrialization of the east African country. Their presence has brought the locals life-transforming opportunities. To achieve the goals set by the government of Ethiopia that targets 2,750km railroads by the end of 2020, many […]
Turkeys constitutional referendum heightens tension with Germany on March 7, 2017ANKARA: Relations between Turkey and Germany, which have been tense since last year, worsened further lately as the two NATO allies and key economic partners are locked in acrimony over a ban preventing Turkish ministers from addressing expats inside Germany to campaign for constitutional reforms granting extended powers to President Recep Tayyip Erdogan. Turkish voters […]
‘China, India should focus on cooperation rather than disputes’ on March 5, 2017BEIJING: China and India as the world’s two largest developing countries should focus on enhancing mutual understanding and boosting cooperation rather than dwelling on disputes, said a spokesperson for China’s top legislature Saturday. At a press conference a day before the National People’s Congress (NPC) convenes its yearly meeting, spokesperson Fu Ying said China and […]
China should beware of external economic risks on March 5, 2017BEIJING: A Chinese official said Saturday that the country should pay attention to external economic risks, including rising trade protectionism and uncertainties from developed economies. Vice Finance Minister Zhu Guangyao made the remarks before attending a panel discussion during the annual session of the Chinese People’s Political Consultative Conference National Committee, which opened Friday. Zhu, […]
Russian economy expected to grow 1-2 percent in 2017: PM on March 5, 2017 MOSCOW: Russian economy is picking up and the growth will probably reach between 1 percent and 2 percent in 2017, Russian Prime Minister Dmitry Medvedev said Saturday. “The economic climate is changing. It is very clear that our economy has begun growing, albeit perhaps not quite confidently yet…This year, we are expecting the economy […]
Somalia declares drought national disaster, appeals for help on March 1, 2017 MOGADISHU: Somali President Mohamed Abdullahi Mohamed on Tuesday declared drought, which has been ravaging the Horn of Africa nation, a national disaster. The president, widely known as Farmajo, also appealed to the international community to urgently respond to the calamity in order to help families and individuals and avoid humanitarian tragedy. “President Farmajo has […]
Somalia declares drought national disaster, appeals for help on March 1, 2017 MOGADISHU: Somali President Mohamed Abdullahi Mohamed on Tuesday declared drought, which has been ravaging the Horn of Africa nation, a national disaster. The president, widely known as Farmajo, also appealed to the international community to urgently respond to the calamity in order to help families and individuals and avoid humanitarian tragedy. “President Farmajo has […]
Food shortage worsens in East Africa amid prolonged drought on February 28, 2017NAIROBI: The number of severely food-insecure people across the Greater Horn of Africa has increased to 22.9 million in February as a prolonged drought led to failed harvests. The UN Office for Coordination of Humanitarian Affairs (OCHA) warned that drought in the Horn of Africa is expected to intensify in the coming months, with a […]
BRICS bank loans favor technological innovation projects: vp on February 26, 2017XIAMEN: The BRICS New Development Bank (NDB) is interested in lending to technological innovation projects, the bank’s vice president Zhu Xian said Saturday at a financing forum held in east Chinese city of Xiamen. Established to meet emerging economies’ funding needs, the multilateral lender approved loans worth 1.5 billion US dollars last year, mainly to […]