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Most are credentialed members of the Somali Money Transfer Association (SOMTA), an umbrella organization that regulates the community's money transfer sector, or its predecessor, the Somali Financial Services Association (SFSA). Somalia is the world's fourth-most country dependent on remittances.
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
The exclusive economic zone of Somalia. The exclusive economic zone of Somalia covers 830,389 km 2 in the Indian Ocean. [1] It extends to a distance of 200 nautical miles from the baselines, from which the breadth of the nation's territorial waters is measured. In accordance with Law No. 37 passed in 1972, Somalia's EEZ falls under its ...
Remittances come to Somaliland through money transfer companies, the largest of which is Dahabshiil, [14] one of the few Somali money transfer companies that conform to modern money-transfer regulations. The World Bank estimates that remittances worth approximately US$1 billion reach Somalia annually from émigrés working in the Gulf states ...
Money transformed the entire idea of the barter system. A medium of exchange for centuries, it keeps the world in flow, enables countries to trade, store wealth and foster friendly relationships.
This is a list of terrestrial ecoregions as compiled by the World Wildlife Fund (WWF). The WWF identifies terrestrial, freshwater, and marine ecoregions. The terrestrial scheme divides the Earth's land surface into 8 biogeographic realms, containing 867 smaller ecoregions. Each ecoregion is classified into one of 14 major habitat types, or biomes.
The ecoregion forms a strip along Somalia's low-lying coastal plain facing the Indian Ocean. The ecoregion extends for approximately 800 km along the coast, from about 2º and 5º N latitude. The dunes reach 10 to 15 miles inland from the coast. They are composed of white or orange sand, and are up to 60 meters high.
The SSE has created a new capital market, where buyers of financial securities can do business with sellers in a more organised, formal, secure and profitable way. [3] The aim was to create a sustainable capital market in Somalia, where holders of financial securities such as stocks, bonds and buyers or investors can meet and share in long-term ...