INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Israel’s recognition of Somaliland ‘threat’ to regional stability: Somali president

(FILES) Somalia's President Hassan Sheikh Mohamud delivers a joint press conference with the German Chancellor after talks at the Chancellery in Berlin, on November 5, 2024. (AFP)
  • But it has been diplomatically isolated since its unilateral declaration of independence.
  • Egypt, Turkey, the six-nation Gulf Cooperation Council and the Saudi-based Organisation of Islamic Cooperation all condemned the decision.

Mogadishu, Somalia — Israel’s recognition of the breakaway region of Somaliland “is (a) threat to the security and stability of the world and the region,” Somali President Hassan Sheikh Mohamud told an emergency parliamentary session Sunday.

Israeli Prime Minister Benjamin Netanyahu’s Friday announcement, making his country the first to recognize Somaliland, “is tantamount to a blunt aggression against the sovereignty, independence, territorial integrity, and the unity of the people of the Somali Republic,” Mohamud said.

Somaliland declared independence from Somalia in 1991 and has for decades pushed for international recognition.

A self-proclaimed republic, it enjoys a strategic position on the Gulf of Aden and has its own money, passports and army.

But it has been diplomatically isolated since its unilateral declaration of independence.

Somalia’s government and the African Union reacted angrily Friday after Israel’s announcement.

Mogadishu denounced a “deliberate attack” on its sovereignty, while Egypt, Turkey, the six-nation Gulf Cooperation Council and the Saudi-based Organisation of Islamic Cooperation all condemned the decision.