Friday, September 21, 2018
Wardheer News

Ethiopia continues to pressure Riyadh to release Saudi-Ethiopian tycoon

Ethiopia will continue to pressure the Saudi Arabian government to release the Ethiopian-born Saudi billionaire Mohammed Hussein Al-Amoudi, Reuters reported yesterday quoting the Ethiopian Prime Minister, Abe Ahmed. In May, Abe Ahmed demanded the Saudi Crown Prince Mohammed Bin Salman to release Al-Amoudi … Continued

Foreign Investment Gives Ethiopia over Four Billion Dollars

Addis Abeba,  (Prensa Latina) Ethiopia attracted over four billion dollars in Direct Foreign Investment (DFI) during the last fiscal year, which ended on July 8, confirmed here official sources. According to the spokesperson of the Ministry of Foreign Relations, Meles … Continued

Ethiopian Airlines teams up with African carriers

Ethiopian Airlines is teaming up with four African carriers and will manage a fifth as it looks to expand on the continent Ethiopian Airlines is teaming up with four African airlines and has inked a deal to set up a … Continued

Ethiopia reform push faces major snag: red tape

By Maggie Fick ADDIS ABABA (Reuters) – Businessmen who have to deal with Ethiopia’s customs system like to joke that if you get a permit to import yellow paintbrushes, make sure every last one is yellow. If an orange brush slips … Continued

Saudi king begins holiday in still unbuilt mega-city

RIYADH (Reuters) – Saudi Arabia’s King Salman arrived for a holiday in NEOM, the $500 billion flagship business zone that his son and heir apparent has pledged to build from scratch in a remote corner of the kingdom, state media … Continued

Phone monopoly is big prize in Ethiopia sell-off

ADDIS ABABA/JOHANNESBURG (Reuters) – In the weeks since Ethiopia announced sweeping privatization plans after decades of state control, foreign businessmen have been beating a path to Belachew Mekuria’s office. “Everyone is here. MTN is here, Safaricom. I mean everyone is … Continued

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