BY AARON MAASHO / REUTERS The United Arab Emirates pledged a total of $3 billion in aid and investments to Ethiopia on Friday, an Ethiopian official said, a major show of support for the new prime minister, Abiy Ahmed. The UAE will deposit $1 billion in Ethiopia’s central bank to ease a severe foreign currency […]
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BY MELA GHEBREMEDHIN | SHABAIT What a year it has been for the world…and for Eritrea. The country has gone through a year of challenges and successes. Stronger diplomatic ties have been registered. New economic agreements have been signed.
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We’re talking about someone who owns 4.7% of Ethiopia’s economy, but … BY ABRAHA BELAY | ETHIOMEDIA Saudi Arabia has released Prince Miteb bin Abdullah, the 65-year-old son of the late King Abdullah and former head of the elite National Guard, after he agreed to pay $1 billion to settle corruption allegations against him. How […]
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Sheik Mohammed Hussein Al-Amoudi owns 4.7% of Ethiopia’s economy and employs 14% of its private workforce BY ROGER BAIRD | IBTIMES Saudi Arabia has arrested the country’s second richest man, Sheik Mohammed Hussein Al-Amoudi, as part of a wide-ranging ‘anti-corruption’ drive . The specific charges against the 71-year-old Ethiopian-born billionaire, who holds Saudi citizenship are […]
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By Massif Capital | for Seeking Alpha, Debt free mining firm with significant exposure to zinc and the cash necessary to develop a recently acquired world class copper-gold deposit. It is not often that you find a mining company with a producing mine, a debt-free balance sheet, and positive cash flow. Even more infrequent, a […]
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By Eritrea Embassy Media, The Embassy of the State of Eritrea in France launched its France – Eritrea Investment and Partner’s Forum, within an overarching event that was designed to bring together existing friends and partners of Eritrea as guests and speakers. About 40 friends, diplomats, investors and Eritrean counterparts attended the event, which took […]
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By MENA, Egyptian Embassy in Asmara received an Egyptian delegation from Agriculture Ministry led by farms project executive director Maher Abdel Moneim. In a press release on Sunday, the Foreign Ministry said the delegation met with Eritrean Agriculture Ministry’s general director and heads of poultry and researches’ departments to discuss means of fostering bilateral relations […]
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By Resource Reports, With almost $600 million in the bank, NSU has cash to back 80% of its share price. And it pays a dividend. And it’s expanding its profitable mine. Investors are taking note: Nevsun has outperformed the S&P/TSX Capped Diversified Metals & Mining Index by 40% since June. The big resource picture is […]
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