Somaliland: Sterling Energy granted extension of the Odewayne PSA

Writen by Qaran News |

Sterling Energy has announced that the Government of the Republic of Somaliland has granted a continued extension to the current period of the Odewayne Production Sharing Agreement (‘PSA’). The expiry dates of the relevant exploration periods under the PSA shall now be: Third Period: 2 November 2020; Fourth Period (optional): 2 May 2022; Fifth Period… Read more »


Somaliland’s Berbera port undergoes expansion [The Morning Call

Writen by Qaran News |

Away from expanding the port into a major shipping hub, the Berbera corridor project will also build a network of roads to connect the port and neighboring Ethiopia, Somaliland’s main trading partner. As Ronald Kato reports, Berbera has also boosted Somaliland’s political profile, as it seeks international recognition Africanews


Somaliland – New Ways Of Doing Things In A Tough Neighbourhood

Writen by Qaran News |

Somaliland has been self-governing for more than two decades and has held successive democratic elections. It has its own army, currency, passports and flag and functions completely autonomously from Somalia, which it broke away from in 1991. But Somalia and the world are yet to recognise Somaliland, holding back foreign investment. Despite this obstacle, Somaliland… Read more »


PRESS RELEASE- British Government signs agreements worth £31m to support development in Somaliland

Writen by Qaran News |

PRESS RELEASE 11 September 2019 British Government signs agreements worth £31m to support development in Somaliland The UK yesterday signed an agreement with the Government of Somaliland and the Netherlands to support the implementation of Phase II of the Somaliland Development Fund (SDF2) programme, which aims to improve the lives of local people through the… Read more »


IMF says VAT should be doubled to 10% in Saudi Arabia

Writen by Qaran News |

The International Monetary Fund (IMF) has suggested that the value-added tax (VAT) should be doubled from five per cent to 10 per cent in Saudi Arabia in consultation with the other Gulf countries. Analysts expect the hike in VAT rate will come only after 2021 once Kuwait and Oman will also be ready to implement… Read more »


African Development Bank wins prestigious procurement award

Writen by Qaran News |

African Development Bank wins prestigious procurement award The first multilateral development bank achieving CIPS Procurement Excellence – silver award Abidjan, Côte d’Ivoire, 9 September, 2019 – The African Development Bank has been recognised for procurement excellence by the Chartered Institute of Procurement & Supply (CIPS), the world’s largest professional body for procurement and supply management… Read more »