Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments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

Somalian authorities have rescinded all bilateral commercial and security arrangements with the United Arab Emirates, including a string of Emirati investments into domestic ports.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

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Onyxcoin Price Breakout Coming — Is a 38% Move Next?

Onyxcoin Price Breakout Coming — Is a 38% Move Next?

The post Onyxcoin Price Breakout Coming — Is a 38% Move Next? appeared on BitcoinEthereumNews.com. Onyxcoin price action has entered a tense standoff between bulls
Share
BitcoinEthereumNews2026/01/14 00:33
Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future

Ethereum founder, Vitalik Buterin, has unveiled new goals for the Ethereum blockchain today at the Japan Developer Conference. The plan lays out short-term, mid-term, and long-term goals touching on L2 interoperability and faster responsiveness among others. In terms of technology, he said again that he is sure that Layer 2 options are the best way […]
Share
Cryptopolitan2025/09/18 01:15