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Ethiopia's Naval Base Deal with Somaliland Sparks Tensions in the Horn of Africa
Tensions are escalating in the Horn of Africa as Ethiopia pursues a deal to secure twelve miles of sea access along the Somaliland coast for the next 50 years. The agreement includes plans for Ethiopia to construct a naval base at the port of Berbera in exchange for recognizing Somaliland as an independent country in the future. The potential deal has triggered opposition from Somalia, which views the growing ties and military cooperation between Ethiopia and Somaliland as an assault on its territorial integrity and has labeled it "an act of aggression." Somaliland seceded from Somalia in 1991 but lacks international recognition as an independent state.
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The Pakistan Stock Exchange (PSX) 100-Index concluded Friday with a bearish trend, experiencing a loss of 124.26 points, indicating a negative change of 0.19%. The index closed at 64,514.90 points compared to the previous trading day's closing at 64,639.16 points. Throughou...
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The Saudi stock market is poised to achieve its highest annual closing level in 18 years, with the Tadawul All Share Index (TASI) rising by approximately 13.5% since the beginning of 2023 until the year's end. The market successfully reversed last year's losses of 7.1%, aiming...
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