IHC Food Holding acquires controlling stakes in Abu Dhabi Vegetable Oil Company

IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more

Abu Dhabi-headquartered Response Plus Holding to expand business abroad

Abu Dhabi Securities Exchange (ADX)-listed healthcare investment and management firm Response Plus Holding (PJSC) is mulling plans to expand domestically and abroad including Ethiopia, India and Oman, Zawya reports. The board of director of the company is expected to meet Read more

Addis Ababa rejects and qualifies US sanctions of inappropriate and unacceptable

This is a new milestone in U.S.-Ethiopia relations. Washington has decided to impose sanctions against Ethiopian and Eritrean officials. First there will be visa restrictions, followed by heavy financial sanctions, including in the areas of security and economic assistance. The Read more