Tag Archives: Saudi Investment

Saudi Arabia and Eritrea Agree to Establish Joint Cooperation Committee

Existing diplomatic relations between Eritrea and Saudi Arabia are at an all-time high.

Saudi Foreign Minister and President Isaias agreed to bolster ties and establish a Joint Committee to implement common visions.

BY AL-AIN NEWS

Eritrean President Isaias Afwerki met, on Tuesday evening, a Saudi delegation headed by Foreign Minister Prince Faisal bin Farhan during his official visit to Eritrea.

The Eritrean Information Minister, Yamani Gebremeskal, said in a tweet that the Eritrean President had received the Saudi Foreign Minister and his accompanying delegation. Continue reading Saudi Arabia and Eritrea Agree to Establish Joint Cooperation Committee

Saudi Investors Abandoning Ethiopia in Droves

Saudi investor has warned about the failure of Saudi agricultural investments in Ethiopia and start to leave the country in droves.

By Arab News,

Saudi investors have accused some Ethiopian government officials of robbing them of their land and equipment.

Mohammed Al-Shehri, who leads a body of investors in the African country, claimed that certain Ethiopian officials falsely accused him and others of criminal activities so that they could confiscate their property.

Al-Shehri was quoted as saying in a local publication that the alleged corruption was rife in certain areas, with some investors imprisoned and accused of forgery, and not allowed to bring their equipment back to Saudi Arabia. Continue reading Saudi Investors Abandoning Ethiopia in Droves