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Economy Of Somaliland
The Economy of Somaliland largely relies on primary production and agriculture, where livestock is the main export of the country, which it ships to neighbouring Djibouti and Ethiopia, as well as to Gulf states, such as UAE, Saudi Arabia and Oman. Somaliland has a gross domestic product (GDP) of about US$7.2 billion as of 2022,https://www.govsomaliland.org/ most of which it receives in remittances from Somalis working abroad. The COVID-19 pandemic has restricted Somaliland's trade flows with decreased demand in the agriculture sector, a significant source of tax revenue. The country's GDP per capita is approximately US$1530 which is one of the lowest in the world.https://www.govsomaliland.org/ Somaliland is located along the Gulf of Aden, near the entrance to the Bab al-Mandeb, a major sea-lane through which almost one-third of the world's shipping passes. Its location has helped the government attract new trade and development deals. In late 2016, the DP World announced that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Somaliland
Somaliland,; ar, صوماليلاند ', ' officially the Republic of Somaliland,, ar, جمهورية صوماليلاند, link=no ''Jumhūrīyat Ṣūmālīlānd'' is a ''de facto'' sovereign state in the Horn of Africa, still considered internationally to be part of Somalia. Somaliland lies in the Horn of Africa, on the southern coast of the Gulf of Aden. It is bordered by Djibouti to the northwest, Ethiopia to the south and west, and Somalia to the east.Encyclopædia Britannica, ''The New Encyclopædia Britannica'', (Encyclopædia Britannica: 2002), p.835 Its claimed territory has an area of , with approximately 5.7 million residents as of 2021. The capital and largest city is Hargeisa. The government of Somaliland regards itself as the successor state to British Somaliland, which, as the briefly independent State of Somaliland, united in 1960 with the Trust Territory of Somaliland (the former Italian Somaliland) to form the Somali Republic.''The New Encyclopædia Br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Somaliland Beverage Industries Factory
Somaliland,; ar, صوماليلاند ', ' officially the Republic of Somaliland,, ar, جمهورية صوماليلاند, link=no ''Jumhūrīyat Ṣūmālīlānd'' is a ''de facto'' sovereign state in the Horn of Africa, still considered internationally to be part of Somalia. Somaliland lies in the Horn of Africa, on the southern coast of the Gulf of Aden. It is bordered by Djibouti to the northwest, Ethiopia to the south and west, and Somalia to the east.Encyclopædia Britannica, ''The New Encyclopædia Britannica'', (Encyclopædia Britannica: 2002), p.835 Its claimed territory has an area of , with approximately 5.7 million residents as of 2021. The capital and largest city is Hargeisa. The government of Somaliland regards itself as the successor state to British Somaliland, which, as the briefly independent State of Somaliland, united in 1960 with the Trust Territory of Somaliland (the former Italian Somaliland) to form the Somali Republic.''The New Encyclopædi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dahabshil Bank International
Dahabshil Bank International (DBI), also known as the Dahabshil International Commercial Bank, is a bank headquartered in Hargeisa, Somaliland. Dahabshil Bank International is one of the main banks in Djibouti. It is a subsidiary of DGH Group Dahabshiil. The bank has access to substantial foreign direct investment from the Persian Gulf region. History In early 2014, it became an officially recognized institution in Somaliland. The bank opened its first branch later the same year in Hargeisa, the capital of the country. As of November 2014, Dahabshil Bank International has issued $70 million in loans earmarked for the local financial, livestock, agriculture, health and education sectors. According to Manager Abdirashid Mohamed Saed, the bank is slated to open additional branches in other parts of Somaliland. Services The bank provides business and international banking, as well as personal and private banking to its clients. It also accommodates commodities exchange. Members ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Somalia
The Central Bank of Somalia (CBS) ( so, Bankiga Dhexe ee Soomaaliya, ar, البنك المركزي الصومالي) is the monetary authority of Somalia. Somalia has struggled to reestablish a functioning state since the collapse of an authoritarian regime in 1991. Somalia has been cited as a real-world example of an anarchist stateless society and a country with no formal legal system. The Transitional Federal Government, formed in 2004, was recognized as the central government of Somalia. Among other duties, it is in charge of ensuring financial stability, maintaining the internal and external value of the local currency, and promoting credit and exchange conditions that facilitate the balanced growth of the national economy. Within the scope of its powers, it also contributes to the financial and economic policies of the State. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hargeisa
Hargeisa (; so, Hargeysa, ar, هرجيسا) is the capital and largest city of the Republic of Somaliland. It is located in the Maroodi Jeex region of the Horn of Africa. It succeeded Burco as the capital of the British Somaliland Protectorate in 1941. Hargeisa is the largest city in Somaliland, and also served as the capital of the Isaaq Sultanate during the mid-to-late 19th century. Hargeisa was founded as a watering and trading stop between the coast and the interior by the Isaaq Sultanate. Initially it served as a watering Well for the vast livestock of the Eidagale clans that inhabited in that specific region and later were joined by the current clans of Hargeisa. In 1960, the Somaliland Protectorate gained independence from the United Kingdom and as scheduled united days later with the Trust Territory of Somaliland (former Italian Somaliland) to form the Somali Republic on July 1. Encyclopædia Britannica, ''The New Encyclopædia Britannica'', (Encyclopædia Britanni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Pour Le Commerce Et L'Industrie – Mer Rouge
Banque pour le Commerce et l'Industrie – Mer Rouge (BCIMR) is a bank in Djibouti. It has a market share of around 45%, and is the largest bank in the Horn of Africa. BCIMR is a subsidiary of the French bank BRED Banque populaire, which owns a 51% share in the company. The Government of Djibouti and a Yemeni bank own the remaining 33% and 16% shares, respectively. BCIMR has a branch in Hargeisa, situated in the self-declared Republic of Somaliland, internationally considered to be part of Somalia. History In 1943, BNCI, an ancestor of BNP Paribas, took over Crédit Foncier de Madagascar et de la Réunion, which it renamed BNCI Océan Indien in 1954. BNCI Océan Indien opened a branch in Djibouti the same year. In 1977, when Djibouti achieved independence from France, BNP converted the branch into a subsidiary. In July 2007, BNP Paribas sold BCIMR to the French banking group Banques Populaires. In February 2009, BCIMR opened a branch in Hargeisa, becoming the first bank th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-governmental Organisations
A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in humanitarianism or the social sciences; they can also include clubs and associations that provide services to their members and others. Surveys indicate that NGOs have a high degree of public trust, which can make them a useful proxy for the concerns of society and stakeholders. However, NGOs can also be lobby groups for corporations, such as the World Economic Forum. NGOs are distinguished from international and intergovernmental organizations (''IOs'') in that the latter are more directly involved with sovereign states and their governments. The term as it is used today was first introduced in Article 71 of the newly-formed United Nations' Charter in 1945. While there is no fixed or formal definition for what NGOs are, they are general ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab States Of The Persian Gulf
The Arab states of the Persian Gulf refers to a group of Arab states which border the Persian Gulf. There are seven member states of the Arab League in the region: Bahrain, Kuwait, Iraq, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Yemen is bound to the six countries of the Gulf Cooperation Council, based on history and culture. The term has been used in different contexts to refer to a number of Arab states in the Persian Gulf region. The prominent regional political union Gulf Cooperation Council includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Historically, various British Empire protectorates, including the Trucial States were Arab states along the Persian Gulf. Politics Some of the Arab states of the Persian Gulf are constitutional monarchies with elected parliaments. Bahrain ('' Majlis al Watani'') and Kuwait ('' Majlis al Ummah'') have legislatures with members elected by the population. The Sultanate of Oman also has an ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dahabshiil
Dahabshiil ( so, Dahabshiil, ar, دهب شيل) is an international funds transfer company, and is the largest money-transfer business in Africa. It's headquartered in Burao, Somaliland. Formed in the early 1970s, the firm operates from over 24,000 outlets and employs more than 2,000 people across 126 countries. It provides financial services to international organisations, as well as to both large and small businesses and private individuals. The company is also involved in community building projects in Somaliland. History Dahabshiil (meaning " Gold smelter" in Somali) was founded in 1970 by Mohamed Said Duale, a Somali entrepreneur based in Burao, the capital city of Togdheer province in Somaliland. Initially a general trading enterprise, the firm began specialising in remittance broking during the 1970s, when many Somali males from Somaliland migrated to the Gulf States for work. This resulted in a growing demand for services to transfer money from those migrant workers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Informal Value Transfer System
An informal value transfer system (IVTS) is any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not in the same form. Informal value transfers generally take place outside of the conventional banking system through non-bank financial institution or other business entities whose primary business activity may not be the transmission of money. The IVTS transactions occasionally interconnect with formal banking systems, such as through the use of bank accounts held by the IVTS operator. History An informal value transfer system is an alternative and unofficial remittance and banking system, that pre-dates current day modern banking systems. The systems were established as a means of settling accounts within villages and between villages. It existed as far back as over 4000 years ago and even more. Their use as global networks for financial transac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overseas Development Institute
ODI (formerly the 'Overseas Development Institute') is a global affairs think tank, founded in 1960. Its mission is "to inspire people to act on injustice and inequality through collaborative research and ideas that matter for people and the planet." It does this through "research, convening and influencing, to lead new thinking and future agendas to deliver transformational change." Its Chair is Suma Chakrabarti. History In 1960 ODI began in small premises in Regent's Park, central London and operated a library devoted to international development issues as well as performing consultancy work and contracts with the Department for International Development (then known as the Overseas Development Agency) of the UK government. Since then it has moved several times and is on Blackfriars Road. Since 2004 it has had a Partnership Programme Arrangement with the Foreign, Commonwealth and Development Office. The institute also developed a strong focus on communications and 'bridging ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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