Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments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

Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments into domestic ports.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

Today’s Biggest Crypto Movers: Dogecoin Leads the Pack

Today’s Biggest Crypto Movers: Dogecoin Leads the Pack

Today's Biggest Crypto Movers: Dogecoin Leads the Pack 🚀 Crypto Markets Heat Up Today Major cryptocurrencies are showing strong gains. Let's dive into today's top
Share
Blockchainmagazine2026/04/03 13:00
RWA Boom Accelerates As Tokenized Assets Hit New Highs In Early 2026

RWA Boom Accelerates As Tokenized Assets Hit New Highs In Early 2026

RWA distributed value rose from about $21B to $27.5B in Q1 2026, a gain of roughly 30%. Tokenized US Treasuries reached about $10B, creating an on-chain yield base
Share
LiveBitcoinNews2026/04/03 13:00
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01

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