WASHINGTON—Companies that move money between the U.S. and Somalia are scrambling to stay in business after the main U.S. bank servicing them said it would close their accounts, the latest fallout from a broad U.S. crackdown on money laundering.
Somalia's first Islamic bank goes live with iMAL Islamic core banking system Premier Bank in Somalia has formally announced that it has successfully gone live with Path Solutions' iMAL Islamic Banking & Investment System on the 29thof December 2014.
Iman can brag to being more than just a pretty face. The former super model from Somalia is the founder and CEO of IMAN Cosmetics which she launched in 1994. She promotes the IMAN brand among women of color, and now sells skincare and cosmetics around the world.
Citing stronger growth figures, US President Barack Obama says 2014 will be a 'breakthrough year' for the US economy. Economic growth in the US was revised upwards to its fastest pace since late 2011 on Friday.
The Irish Republic's exit from its bailout rescue is a "milestone" but not the end of the road, the country's finance minister has said.Michael Noonan told a press conference marking the exit that Ireland's deficit and debt was still far too high.
Russia says differences with Ukraine on reducing the price of Russian gas have been narrowed after talks in the Black Sea resort of Sochi. Russian presidential spokesman Dmitry Peskov said the talks would continue at a later date.
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