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    Mogadishu police boss kicked out after ‘ordering’ parliament to go home

    Mogadishu police boss kicked out after ‘ordering’ parliament to go home

    GORY: Two siblings, 9 and 10 killed, body parts missing in Baidoa

    GORY: Two siblings, 9 and 10 killed, body parts missing in Baidoa

    Military grade weapons sales, prices shoot in Mogadishu amid poll uncertainty

    Military grade weapons sales, prices shoot in Mogadishu amid poll uncertainty

    Pardoned of his ‘sins’ Janan, accused of murder, torture, now Farmaajo’s hatchet man

    Pardoned of his ‘sins’ Janan, accused of murder, torture, now Farmaajo’s hatchet man

    Take charge as Commander in Chief, opposition parties tell Farmaajo

    Deployment of military, intelligence for political missions hurting soldiers-opposition

  • Parliament
    Opposition alliance warns MPs against Farmaajo’s term extension

    Opposition alliance warns MPs against Farmaajo’s term extension

    Forces block Mogadishu roads ahead of L. House showdown

    Forces block Mogadishu roads ahead of L. House showdown

    L. House suffers second quorum hitch after re-opening

    Mursal defers House sitting amid fears over Farmaajo vote

    Mursal suspends 15 MPs after Saturday chaos

    Mursal suspends 15 MPs after Saturday chaos

    #MOGADISHUTALKS: Farmaajo, FMS leaders differ on voter numbers, role of NIEC

    Federal Parliament to endorse new electoral model in joint session

  • Education
    How Education Development Trust supported the UNICEF Somalia funded programme

    How Education Development Trust supported the UNICEF Somalia funded programme

    Farmaajo unveils unified secondary schools curriculum

    Farmaajo unveils unified secondary schools curriculum

    President Farmaajo unveils 1 million primary school books

    Somalia to reopen schools Saturday

    UPEACE University is UN mandated and legally operates in Somalia-Africa Regional Director

    UPEACE University is UN mandated and legally operates in Somalia-Africa Regional Director

    AMISOM donates scholastic materials to Dr Qamar Primary School in Mogadishu

    AMISOM donates scholastic materials to Dr Qamar Primary School in Mogadishu

  • Humanitarian Affairs
    Somalia losses $186m to COVID-19 as exports slump by 37%-report

    Somalia losses $186m to COVID-19 as exports slump by 37%-report

    Somalia successfully stops spread of type 3 polio strain-WHO

    Somalia successfully stops spread of type 3 polio strain-WHO

    Somalia rolls out vaccines for COVID-19

    Somalia rolls out vaccines for COVID-19

    Three children starve to death in Gedo region

    Three children starve to death in Gedo region

    Somalia appeals for $1b as 4 million face starvation

    Somalia appeals for $1b as 4 million face starvation

  • Diaspora Voices
    Saudi government donates food aid to thousands of families in Somalia

    Saudi government donates food aid to Somalia

    Mogadishu Port Remains Closed Over Tariff Dispute

    Former Somali lawmaker involved in Mogadishu twin explosions

    World expresses solidarity with Somalia after attack

    Somali soldiers allegedly tortured former MP

    Somali soldiers allegedly tortured former MP

    NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

    NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

  • Business
    Spotify and the future of African streaming

    Spotify and the future of African streaming

    Puntland unveils new monetary policy, vacates earlier dollar restrictions

    Puntland unveils new monetary policy, vacates earlier dollar restrictions

    Farmaajo to secretly sign oil deal with US firms-Opposition

    Farmaajo to secretly sign oil deal with US firms-Opposition

    Lower House to vote on 2021 budget today

    Lower House to vote on 2021 budget today

    Somali govt’ cannot account for $12.3m spent in 2019-Audit report

    Somali govt’ cannot account for $12.3m spent in 2019-Audit report

  • Science & Tech
    Covid patients with sedentary habits more likely to die, study reveals

    Covid patients with sedentary habits more likely to die, study reveals

    Somalia successfully stops spread of type 3 polio strain-WHO

    Somalia successfully stops spread of type 3 polio strain-WHO

    Somalia records 17 new COVID-19 deaths

    Somalia records 17 new COVID-19 deaths

    RELIEF: Somalia receives first batch of COVID-19 vaccine

    We’re ready to roll out COVID-19 vaccination-Health Minister

    RELIEF: Somalia receives first batch of COVID-19 vaccine

    RELIEF: Somalia receives first batch of COVID-19 vaccine

  • Opinion
    Opinion: Could Somalia become the next Texas?

    Bidders for Somali oil should hold back until a new government is formed

    The unique role of Somali PM in breaking the election impasse

    The unique role of Somali PM in breaking the election impasse

    Hope versus despair in Somalia – the internationally imposed ethnic ‘solution’ has failed dismally

    Hope versus despair in Somalia – the internationally imposed ethnic ‘solution’ has failed dismally

    Farmaajo opens fresh polls battle in signing unconstitutional resolution

    Somalia in post-Farmajo turbulent presidency

    Hope and fear as Somalia marks 30 years of civil war

    Hope and fear as Somalia marks 30 years of civil war

    Farmaajo opens fresh polls battle in signing unconstitutional resolution

    Farmaajo opens fresh polls battle in signing unconstitutional resolution

    Trump demands troops pull-out from Somalia

    A hasty withdrawal from Somalia

    Strengthening Youth Engagement in Agriculture towards Resilience Building in Africa Post COVID-19

    Strengthening Youth Engagement in Agriculture towards Resilience Building in Africa Post COVID-19

    Drone strike kills 2 Shabaab militants in Lower Shabelle-AFRICOM

    Somalia: US must not abandon civilian victims of its air strikes after troop withdrawal

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    • News
      • National
      • International
    • Security
      Mogadishu police boss kicked out after ‘ordering’ parliament to go home

      Mogadishu police boss kicked out after ‘ordering’ parliament to go home

      GORY: Two siblings, 9 and 10 killed, body parts missing in Baidoa

      GORY: Two siblings, 9 and 10 killed, body parts missing in Baidoa

      Military grade weapons sales, prices shoot in Mogadishu amid poll uncertainty

      Military grade weapons sales, prices shoot in Mogadishu amid poll uncertainty

      Pardoned of his ‘sins’ Janan, accused of murder, torture, now Farmaajo’s hatchet man

      Pardoned of his ‘sins’ Janan, accused of murder, torture, now Farmaajo’s hatchet man

      Take charge as Commander in Chief, opposition parties tell Farmaajo

      Deployment of military, intelligence for political missions hurting soldiers-opposition

    • Parliament
      Opposition alliance warns MPs against Farmaajo’s term extension

      Opposition alliance warns MPs against Farmaajo’s term extension

      Forces block Mogadishu roads ahead of L. House showdown

      Forces block Mogadishu roads ahead of L. House showdown

      L. House suffers second quorum hitch after re-opening

      Mursal defers House sitting amid fears over Farmaajo vote

      Mursal suspends 15 MPs after Saturday chaos

      Mursal suspends 15 MPs after Saturday chaos

      #MOGADISHUTALKS: Farmaajo, FMS leaders differ on voter numbers, role of NIEC

      Federal Parliament to endorse new electoral model in joint session

    • Education
      How Education Development Trust supported the UNICEF Somalia funded programme

      How Education Development Trust supported the UNICEF Somalia funded programme

      Farmaajo unveils unified secondary schools curriculum

      Farmaajo unveils unified secondary schools curriculum

      President Farmaajo unveils 1 million primary school books

      Somalia to reopen schools Saturday

      UPEACE University is UN mandated and legally operates in Somalia-Africa Regional Director

      UPEACE University is UN mandated and legally operates in Somalia-Africa Regional Director

      AMISOM donates scholastic materials to Dr Qamar Primary School in Mogadishu

      AMISOM donates scholastic materials to Dr Qamar Primary School in Mogadishu

    • Humanitarian Affairs
      Somalia losses $186m to COVID-19 as exports slump by 37%-report

      Somalia losses $186m to COVID-19 as exports slump by 37%-report

      Somalia successfully stops spread of type 3 polio strain-WHO

      Somalia successfully stops spread of type 3 polio strain-WHO

      Somalia rolls out vaccines for COVID-19

      Somalia rolls out vaccines for COVID-19

      Three children starve to death in Gedo region

      Three children starve to death in Gedo region

      Somalia appeals for $1b as 4 million face starvation

      Somalia appeals for $1b as 4 million face starvation

    • Diaspora Voices
      Saudi government donates food aid to thousands of families in Somalia

      Saudi government donates food aid to Somalia

      Mogadishu Port Remains Closed Over Tariff Dispute

      Former Somali lawmaker involved in Mogadishu twin explosions

      World expresses solidarity with Somalia after attack

      Somali soldiers allegedly tortured former MP

      Somali soldiers allegedly tortured former MP

      NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

      NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

    • Business
      Spotify and the future of African streaming

      Spotify and the future of African streaming

      Puntland unveils new monetary policy, vacates earlier dollar restrictions

      Puntland unveils new monetary policy, vacates earlier dollar restrictions

      Farmaajo to secretly sign oil deal with US firms-Opposition

      Farmaajo to secretly sign oil deal with US firms-Opposition

      Lower House to vote on 2021 budget today

      Lower House to vote on 2021 budget today

      Somali govt’ cannot account for $12.3m spent in 2019-Audit report

      Somali govt’ cannot account for $12.3m spent in 2019-Audit report

    • Science & Tech
      Covid patients with sedentary habits more likely to die, study reveals

      Covid patients with sedentary habits more likely to die, study reveals

      Somalia successfully stops spread of type 3 polio strain-WHO

      Somalia successfully stops spread of type 3 polio strain-WHO

      Somalia records 17 new COVID-19 deaths

      Somalia records 17 new COVID-19 deaths

      RELIEF: Somalia receives first batch of COVID-19 vaccine

      We’re ready to roll out COVID-19 vaccination-Health Minister

      RELIEF: Somalia receives first batch of COVID-19 vaccine

      RELIEF: Somalia receives first batch of COVID-19 vaccine

    • Opinion
      Opinion: Could Somalia become the next Texas?

      Bidders for Somali oil should hold back until a new government is formed

      The unique role of Somali PM in breaking the election impasse

      The unique role of Somali PM in breaking the election impasse

      Hope versus despair in Somalia – the internationally imposed ethnic ‘solution’ has failed dismally

      Hope versus despair in Somalia – the internationally imposed ethnic ‘solution’ has failed dismally

      Farmaajo opens fresh polls battle in signing unconstitutional resolution

      Somalia in post-Farmajo turbulent presidency

      Hope and fear as Somalia marks 30 years of civil war

      Hope and fear as Somalia marks 30 years of civil war

      Farmaajo opens fresh polls battle in signing unconstitutional resolution

      Farmaajo opens fresh polls battle in signing unconstitutional resolution

      Trump demands troops pull-out from Somalia

      A hasty withdrawal from Somalia

      Strengthening Youth Engagement in Agriculture towards Resilience Building in Africa Post COVID-19

      Strengthening Youth Engagement in Agriculture towards Resilience Building in Africa Post COVID-19

      Drone strike kills 2 Shabaab militants in Lower Shabelle-AFRICOM

      Somalia: US must not abandon civilian victims of its air strikes after troop withdrawal

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      Turkey’s wealth fund in talks over urgent support for hard-hit Turkish Airlines – sources

      October 3, 2020
      in Featured, featured, international News, National News, Science & Tech
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      ISTANBUL (Reuters) – Turkey’s wealth fund is in talks to provide emergency funding to flag carrier Turkish Airlines THYAO.IS, one of the country’s hardest-hit companies when the coronavirus pandemic halted nearly all flights, four sources told Reuters.

      The sources close to the matter said the company, which flies to more destinations worldwide than any other airline, could receive capital or financing support, though nothing had yet been finalised.

      It was unclear how much funding the Turkey Wealth Fund (TVF) could make available in what one source called a “bailout”. TVF declined to comment.

      In a statement to the stock exchange, Turkish Airlines said the company had not received any information regarding talks being conducted for the provision of capital or financing support to the company.

      Measures restricting movement in the wake of the pandemic have led to big losses, layoffs and closures at airlines around the world. One of the biggest, Germany’s Lufthansa LHAG.DE, agreed a $10-billion government bailout in June.

      Turkish Airlines posted a loss of 2.23 billion lira ($287 million) in the second quarter when lockdowns at home and abroad were most widespread. It has agreed with a labour union to cut wages by 30-50% until the end of 2021 but avoided layoffs.

      “It is very clear that Turkish Airlines is in need of a bailout programme. This could be capital support or financing support,” one of the sources said.

      The source added that TVF conducted a broader study of struggling Turkish companies in the transportation and tourism sectors, suggesting other bailouts could be forthcoming.

      TVF owns 49.12% of Turkish Airlines, which has a market capitalisation of 14.6 billion lira ($1.9 billion). Its shares have dropped 31% since borders were temporarily closed and domestic and international flights were halted after February. They rose 2.5% after the funding news on Friday.

      Chairman Ilker Ayci said after the second quarter the airline felt “very comfortable” with the $1.7 billion of cash on hand, credit lines and other funding capacity it had until the beginning of 2021.

      But it expects to burn up to $350 million per month through year end, when net debt is expected to be some $14 billion.

      Finance Minister Berat Albayrak, announcing the government’s three-year plan on Tuesday, said the recovery in some sectors including tourism and transportation had not reached desired levels.

      Another source told Reuters efforts were being made for a similar style rescue for Turkish Airlines to Lufthansa.

      “A sort of capital transfer or providing financing will be possible. Talks are now being held for this and the ideas for the method are being evaluated,” the source said.

      The company’s passenger numbers tumbled 65.9% year-on-year in August, company data showed. Its load factor dropped 17.2 percentage points to 67.6% in the same period.

       

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      GOOBJOOG MEDIA GROUP is an independent private media network in Somalia whose charter is driven by the quest for public service journalism. This is in realization of the overarching principle of fostering peace and economic development through media. With unparalleled access to news sources and locations across the country backed by a team of professional journalists.

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