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Somalia turns down $80m to cut ties with Qatar

Somali President, Mohammed Abdullah Farmajo, has been offered $80 million in exchange for his agreement to sever diplomatic relations with the State of Qatar, the New Khalij news outlet reported…

Agreement for Construction of Industrial Park in Bahir Dar Concluded

Bahir Dar June 09/2017 The Industrial Parks Development Corporation (IPDC) concluded a contract agreement with Chinese Civil Engineering Construction Corporation (CCECC) for construction an industrial park in Bahir Dar, Amhara…

Ethiopia, Egypt call to suspend ICC case against Sudan’s Bashir

Addis Ababa, June 9, 2017 (FBC) – Ethiopian and Egyptian diplomats have called on the United Nations Security Council (UNSC) to suspend the investigation by the International Criminal Court (ICC)…

Ethiopia posts record growth in FDI flow: UNCTAD report

Addis Ababa, June 8, 2017 (FBC) –The United Nations Conference on Trade and Development (UNCTAD) World Investment Report puts Ethiopia as one of the top performing African countries in attracting…

Global investors more confident in Chinese economy: J.P. Morgan

BEIJING, June 7 (Xinhua) — Global investors have appeared more confident in China encouraged by the steady economic recovery since the start of the year, according to a senior director…

Hailemariam holds talks with Israeli President

Addis Ababa, June 5, 2017 (FBC) – Prime Minister Hailemariam Desalegn met Israeli President Reuven Rivlin today at the President’s residence in Jerusalem. The Premier thanked Rivlin for the warm…