Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments

Somalia nullifies UAE port deals

2026/01/13 18:49
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments into domestic ports.

Those include facilities in Berbera, Bosaso and Kismayo, the Somali council of ministers said in a statement Monday on its Facebook account. The former two cities overlook the Gulf of Aden, while the latter is on the Indian Ocean.

In recent years, Dubai-based DP World has committed hundreds of millions of dollars to develop or upgrade port infrastructure there. 

Somalia’s breakaway region of Somaliland claims Berbera. The self-proclaimed state is not internationally recognised, although Israel became the first country to grant it recognition in December. 

Reuters reported that DP World said its operations in Berbera “were continuing in line with existing agreements and concession framework”.

Last week, the UAE and African Union Commission underscored “Somalia’s sovereignty, territorial integrity, security and stability” in a joint statement. In recent years, however, the UAE has deepened its engagement with Somaliland itself.

On Monday, Somaliland’s minister of foreign affairs denied in a statement that the federal government in Mogadishu has any authority over Berbera and said that “all agreements concluded between the Republic of Somaliland and the United Arab Emirates are lawful, valid, and fully binding.”

DP World’s involvement on Somalia’s northern coast follows a bitter, years-long legal dispute with neighbouring Djibouti, which seized the Doraleh Container Terminal in 2018 despite the fact that DP World held a 50‑year concession there. DP World did not immediately respond to a request for comment.

Further reading:

  • Arab Monetary Fund gives Somalia $307m of debt relief
  • Egypt to host pan-African Gold Bank
  • UAE’s Masdar to develop its first solar plant in Angola
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Etsy witches can apparently turn you into a crypto millionaire for $73

Etsy witches can apparently turn you into a crypto millionaire for $73

                                                                               New snake oil? Etsy witches are hawking spells they claim can change the weather on your wedding day, help you with your love life, or fatten your crypto portfolio.                     Etsy witches have become a massive trend on social media this year — from romance spells to helping manifest fame. Did you know they can also apparently help you become a crypto millionaire? The practice of witchcraft, once punishable by death by fire (or being pushed off a cliff), has become a talking point on TikTok. Online marketplace Etsy, which allows people to sell their handmade beanies and custom dog collars, has become a hub for the spellcasters despite having a ban on “metaphysical services.” Read more
Share
Coinstats2025/10/03 10:08
Ripple CEO Reacts to BBB Rating for Ripple Prime, Lists Three Points It Validates

Ripple CEO Reacts to BBB Rating for Ripple Prime, Lists Three Points It Validates

The post Ripple CEO Reacts to BBB Rating for Ripple Prime, Lists Three Points It Validates appeared on BitcoinEthereumNews.com. Brad Garlinghouse, CEO of Ripple
Share
BitcoinEthereumNews2026/04/03 11:28
REX-Osprey DOJE ETF Launch Drives Dogecoin Surge to $0.28

REX-Osprey DOJE ETF Launch Drives Dogecoin Surge to $0.28

The post REX-Osprey DOJE ETF Launch Drives Dogecoin Surge to $0.28 appeared on BitcoinEthereumNews.com. DOJE ETF Offers Direct Spot Exposure to Dogecoin In a press release, REX-Osprey announced the launch of the first-ever publicly traded ETF to provide exposure to Dogecoin (DOGE). The latest fund is the REX-OspreyDOGE ETF (CBOE: DOJE), an innovation in the cryptocurrency market. It is a unique exchange-traded fund (ETF) that offers direct spot exposure to Dogecoin, which has gained legendary popularity due to its Shiba Inu mascot and fan base of Shiba Inu followers. The introduction of the DOJE ETF is revolutionary for several reasons. It is the first ETF in the United States that provides investors direct access to the spot price of Dogecoin, a widely known cryptocurrency, which lacks inherent utility. This provides a controlled and smooth method for people to invest into DOGE through a regular brokerage account. Using this new product, REX-Osprey remains on the edge of digital asset integration into the regulated financial frameworks. Greg King, CEO of REX Financial and Osprey Funds, expressed his pride in this achievement: “Investors look to ETFs as trading and access vehicles. The digital asset revolution is already underway, and to be able to offer exposure to some of the most popular digital assets within the protections of the U.S. ’40 Act ETF regime is something REX-Osprey™ is proud of and has worked diligently to achieve.” SSK’s Success Sets the Stage for DOGE ETF Launch The DOJE ETF follows the successful launch of REX-Osprey’s SOL + Staking ETF (SSK) in July 2025. This fund became the first-ever U.S.-listed ETF to offer spot Solana exposure alongside on-chain staking rewards. Since its launch, SSK has been a significant success, accumulating over $275 million in assets under management. REX-Osprey has now expanded its crypto offerings with the addition of both DOGE and XRP ETFs, offering investors more opportunities to diversify their…
Share
BitcoinEthereumNews2025/09/19 00:52

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity