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Ethiopia has landed two loans worth $140 million from the Saudi Fund for Development (SFD) earmarked to boost economic development, creation of vital infrastructure and address water scarcity, Arabian Business reports. The first loan will enable the eastern African country Read more
Ethiopia’s Prime Minister, Abiy Ahmed Ali has offered to play a mediation role in fixing rivalries between Yemeni warring sides in a conflict where more than 10 million people, mostly civilians, were killed. “War has no winner. It destroys the Read more
The United Arab Emirates on Tuesday lauded the leaders of Ethiopia and Eritrea for their “bold and historic” rapprochement. Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed al-Nahyan said after meeting Ethiopian Prime Minister Abiy Ahmed and Eritrean President Isaias Read more
Nebulon, a Ukrainian grain trading company, plans to invest $2 billion in new grain silos and barges in Egypt’s Nile Delta region, Reuters reported. The silos would be built at two sites near the ports of Alexandria and Damietta. Twenty Read more
Abu Dhabi Fund for Development (ADFD) has announced its support for Ethiopian government as it signed with the national bank of the African country an agreement for the allocation of a $3 billion aid to support economic policies and facilitate Read more
Ethiopian-born Saudi billionaire Mohammed Hussein Al Amoudi, who has been detained in the anti-corruption campaign spearheaded by Saudi Crown Prince Mohammed Bin Salman, will soon be released, Ethiopia’s prime minister said. Prime Minister Abiy Ahmed made the announcement over the Read more
Kuwait Tuesday announced the recruitment of Ethiopian maids to replace Filipina house workers after Philippines’ authorities banned their nationals from working in the Gulf country following reports of abuses and the assassination of 29-year-old Joanna Demafelis. She was found in Read more
African Heads of State and CEOs on Wednesday flocked to Dubai to take part in the two-day Global Business Forum on Africa, meant to strengthen Dubai’s economic and business ties with the continent, where Dubai has positioned itself as a Read more
Saudi authorities have arrested since the beginning of the current month some 66 individuals, mostly Saudi citizens, accused of links with terrorist groups. The arrestees include 61 Saudis, one Qatari national, one Yemeni, one Sudanese and one Syrian and one Read more
At the end of the Egyptian-Sudanese political consultation committee meetings on Thursday in Khartoum, the foreign ministers of the two countries held a joint press conference renewing their efforts to foster the ties between their governments after the recent setbacks Read more