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Djibouti’s investment environment dealt ‘strong shock’

DP World contributes millions of dollars of direct, indirect economic benefits to Djibouti Dubai: Ports operator DP World has contributed hundreds of millions of dollars of direct and indirect economic benefits to Djibouti, enhancing the African country’s attractiveness as an investment destination in East Africa. DP...

Djibouti’s ruling party claims majority of parliamentary seats

Djibouti’s ruling party has claimed a landslide victory in parliamentary elections, securing almost 90 percent of seats after the opposition largely boycotted the poll. Mohamed Abdallah Mahyoub, a senior member of President Ismael Omar Guelleh’s Union for a Presidential Majority (UMP) and campaign spokesman, told media...

Djibouti Ends Dubai’s DP World Contract to Run Container Terminal

Djibouti has ended a contract with Dubai's DP World, one of the world's biggest port operators, to run its Doraleh Container Terminal, the president's office said on Thursday. "The Republic of Djibouti has decided to proceed with the unilateral termination with immediate effect of the...

Djibouti:The most valuable military real estate in the world

Strategically placed at the entrance to the Red Sea, Djibouti is home to more foreign bases than any other country. DJIBOUTI — “World War III will start here.” We had been driving around the streets of this African city for more than an hour, and my...

Greece seizes Libya-bound ship carrying explosive materials

ATHENS (Reuters) - Greek authorities have seized a Tanzanian-flagged ship heading for Libya and carrying materials used to make explosives, the coastguard said on Wednesday. The vessel was detected sailing near the Greek island of Crete on Saturday. Authorities found 29 containers carrying materials including...

Chinese-built Ethiopia-Djibouti railway begins commercial operations

ADDIS ABABA, Jan. 1 (Xinhua) -- The Chinese-built 756-km electrified rail project connecting landlocked Ethiopia to Djibouti officially started commercial operations on Monday with a ceremony held in Ethiopia's capital Addis Ababa. Contracted by two Chinese companies, the first 320 km of the rail project...

Djibouti would welcome Turkish military base, Djiboutian ambassador says

Djibouti's ambassador to Ankara stressed the importance of strengthening military ties between the two countries and said the country is open to welcome a Turkish military base in its territories, which already hosts the U.S., Franch, Chinese and Japanese bases Djibouti is open to any...

Djibouti signs preliminary deal with China’s POLY-GCL for $4 bln gas project

DJIBOUTI, Nov 16 (Reuters) - China’s POLY-GCL Petroleum Group Holdings Ltd has signed a memorandum of understanding (MoU) to invest $4 billion in a natural gas project in the tiny Horn of African nation of Djibouti. The project includes a natural gas pipeline, a liquefaction...

Djibouti finds strategic economic partner in Turkey: Ambassador

Strengthening economic partnership will take center-stage during Djiboutian president's visit to Turkey By Addis Getachew DJIBOUTI-Economic partnership will take center stage during the upcoming visit of Djiboutian President Ismail Omar Guelleh to Turkey, says Turkish Ambassador to Djibouti. Ambassador Sadi Altinok told Anadolu Agency with regard to...

Ethiopia-Djibouti Standard Gauge Rail in final preparation phase

ADDIS ABABA - The newly named Ethio-Djibouti Standard Gauge Rail Transport S.C revealed that the Ethio-Djibouti railway is undergoing its final trial before commencing services soon. The first standard gauge electrified railroad on the continent, once fully operational, is expected to provide link to the...