INSEAD Day 4 - 728x90

Ethiopia

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Guba, Ethiopia -- Ethiopia inaugurated the continent's largest hydroelectric project on Tuesday in what Prime Minister Abiy Ahmed called a "great achievement for all black people", but it drew a protest to the United Nations from downstream nation Egypt. The Grand Ethiopian Renaissance Dam (GERD), straddling a tributary of the...
  • Human ancestor Lucy gets first European showing in Prague

    Prague, Czech Republic --The 3.18-million-year-old bone fragments of human ancestor Lucy, which rarely leave Ethiopia, went on display in Prague on Monday, with the Czech prime minister hailing the fossils' "first ever" showing in Europe. The ancient remains of the Australopithecus afarensis were discovered in Ethiopia in 1974. The find...
  • ‘Hitler did it to Jews’: Lula accuses Israel of ‘genocide’ in Gaza

    Brazilian President Luiz Inacio Lula da Silva accused Israel of committing "genocide" against Palestinians in the Gaza Strip and compared its actions to Adolf Hitler's campaign to exterminate Jews. "What's happening in the Gaza Strip isn't a war, it's a genocide," Lula said in Addis Ababa where he was attending...
  • WHO-Hamas collusion charges harmful, can endanger staff: Tedros

    "WHO refutes Israel's accusation at the executive board meeting yesterday that WHO is in 'collusion' with Hamas and is 'turning a blind eye' to the suffering of hostages being held in Gaza," WHO chief Tedros said on X. "Such false claims are harmful and can endanger our staff who are...
  • Saudi authorities reduce fee for recruiting domestic help

    Riyadh, Saudi Arabia - Saudi Ministry of Human Resources and Social Development (MHRSD) announced on Monday that it has cut the upper limit of fees for recruiting domestic workers from a number of countries. These countries include the Philippines, Sri Lanka, Bangladesh, Uganda, Kenya, and Ethiopia. The initiative comes within...
  • Egypt, Sudan and Ethiopia restart Nile dam talks

    The massive $4.2-billion dam built by Ethiopia has stoked tensions with Egypt and Sudan as they fear the dam will severely reduce their share of Nile water. Both nations have repeatedly asked Addis Ababa to stop filling it until an agreement has been reached. The talks are expected to pave...
  • Ethiopia resumes Nile dam talks with Egypt and Sudan

    Nairobi, Kenya - Ethiopia said Saturday that it has begun a second round of negotiations with Egypt and Sudan over a controversial mega-dam built by Addis Ababa on the Nile, the source of long-running tensions between the three nations. Ethiopia this month announced the completion of the fourth and final filling...
  • Egypt, Ethiopia restart talks over dam construction

    Cairo, Egypt - Egypt announced on Sunday that negotiations had resumed over Ethiopia's controversial mega-dam, after agreeing last month to reach a deal following years of tensions between the two countries. For years at loggerheads over the issue, Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed had agreed...
  • UAE and Saudi Arabia among six new BRICS members

    Argentina, Egypt, Iran, and Ethiopia are the four other member countries joining BRICS, underscoring its commitment to a more inclusive global stance, effective from January 2024.
  • Abu Dhabi Chamber inks MoU with Ethiopian Investment Commission

    ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry has signed a Memorandum of Understanding with the Ethiopian Investment Commission (EIC) to foster the robust economic collaboration between the two sides. The MoU also aims to establish a framework for cooperation that advances trade, investment and economic...
  • Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy

    ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the historical relations between the two countries have witnessed remarkable progress over the past few years. This reflects the distinguished friendship between the leaderships of the two countries, and the exchange...
  • UAE firms operating in Ethiopia enrich bilateral ties

    There are more than 121 Emirati companies operating in the Ethiopian market, contributing to enriching relations between the two countries in the economic aspect, including Julphar Gulf Pharmaceutical Industries Manufacturers, Jenaan Investment, Masdar, Emirates Steel Arkan, DP World, and other leading Emirati companies, he adds.
  • UAE’s investments in Ethiopia touch US$2.9bn as non-oil trade expands

    Abu Dhabi, UAE-- As the UAE President Sheikh Mohamed bin Zayed visits Ethiopia to strengthen relations with the African country, the non-oil trade between the two nations has expanded to US$1.4 billion in 2022. According to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, the UAE’s...
  • Egypt, Ethiopia to finalize deal on Nile dam in four months

    The two countries resolved to finalize a deal over Ethiopia's big dam on the Blue Nile in four months, a breakthrough after years of bickering between the two countries. The huge $4.2 billion dam has been at the heart of a regional dispute since Ethiopia broke ground on the project...
  • Egypt hosts regional meeting in push to resolve Sudan war

    The Egyptian presidency said the meeting in Cairo will be attended by representatives of "Sudan's neighboring countries", but has not announced who else is expected to join Sisi and Abiy. The meeting in Cairo follows multiple diplomatic efforts to broker an end to the violence in Sudan, with repeated ceasefires...
  • UN says US$445m needed to help 860,000 refugees fleeing Sudan

    The United Nations said it was planning for an outflow of 860,000 people from conflict-torn Sudan, adding that $445 million would be needed to support them just through October. The UN refugee agency said in a statement that it had presented its appeal to donor countries earlier in the day.
  • Israel slams ejection of envoy from African Union summit

    Israel condemned the "severe" expulsion of a senior diplomat from the African Union summit, accusing Iran of orchestrating the move with help from Algeria and South Africa. A video on social media shows guards escorting the Israeli foreign ministry's deputy director general for Africa, Sharon Bar-li, out of the AU...
  • Saudi Arabia seizes 30 tons of mildly narcotic shrub khat

    Khat, or qat, is a leaf which is packed into the cheek and slowly chewed, releasing chemicals similar to amphetamines and resulting in a mild high. It is very popular in Yemen and Horn of Africa countries like Ethiopia and Somalia.
  • Ethiopia reels from high inflation and economic slowdown

    After a decade of dynamic growth during the 2010s, Africa's second most populous country has suffered multiple shocks, including the Covid-19 pandemic, a record drought, a two-year war in its northernmost region of Tigray and the global impact of the invasion of Ukraine.
  • UAE signs cooperation pact with Ethiopia on extradition, legal assistance

    Abu Dhabi, UAE - The UAE signed agreements on extradition and mutual legal assistance in criminal matters with Ethiopia. The agreements were inked by Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice, and Ethiopia's State Minister for Justice, Ato Alemante Agidew. Abdullah Al Nuaimi stated that the UAE...
  • Egypt’s parliament approves major cabinet reshuffle

    An emergency session of parliament on Saturday approved several cabinet changes in Egypt's first major reshuffle since 2019, with 13 ministers moved, the National Media Authority reported. A statement said the House of Representatives had approved "all the nominations set forth in a letter from President Abdel Fattah al-Sisi regarding...
  • Ethiopian delegation visits Dubai to explore digital services

    An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25- 30.
  • Egypt warns Ethiopia against filling up of Renaissance Dam

    Egypt has warned Ethiopia against the filling of the Grand Ethiopian Renaissance Dam (GERD) reservoir, saying that it would not tolerate any encroachment on its water rights or threat to its water security.
  • Egypt President says world must jointly deal with energy crisis

    Egypt's President Abdul Fattah Al-Sisi underscored the importance of coordination and cooperation among all countries of the world to confront the energy crisis.
  • Saudi Arabia lifts travel ban on Turkey, India, Ethiopia, Vietnam

    The decision was based on the findings of the competent health authorities about the epidemiological situation in these countries.
  • UAE continues relief air bridge to Ethiopia with 30 tons of food supplies

    This is expected to benefit over 7,100 people in the region, including 5,700 women and children.
  • UAE sends food aid to Ethiopia’s Tigray region

    The aid was sent following the directives of the UAE's leadership to help improve the humanitarian situation in the Tigray region.
  • African Union condemns military coups

    Burkina Faso became the fourth country to be suspended by the African Union after Guinea, Mali and Sudan to punish the coup leaders of these countries.
  • Coups, Covid-19 repercussions cloud African Union summit

    The two-day summit should discuss how to be more proactive in addressing factors that give rise to coups, including terrorism-related instability and frustration over constitutional revisions that extend leaders' time in power, said Solomon Dersso, founder of the AU-focused Amani Africa think tank.
  • UAE, Ethiopia discuss relations, latest regional developments

    The discussions are said to have taken place at Qasr Al Watan, the presidential palace.
  • US envoy to visit Saudi Arabia, Sudan, and Ethiopia

    David Satterfield and Assistant Secretary of State Molly Phee will travel to Riyadh, Khartoum, and Addis Ababa from January 17 to January 20.
  • UAE suspends entry for travelers from Kenya, Tanzania, Ethiopia, Nigeria

    UAE citizens are barred from traveling to the four African countries except for the country's emergency treatment cases, official delegations, and scholarships. In addition, the country has introduced new travel requirements for those coming on direct flights from Uganda and Ghana. These include having a negative COVID-19 test obtained within...
  • Global Town festival showcases diverse cultures

    The festival dispensed cultural knowledge through visual experiences and services.
  • UN urges Egypt, Sudan, Ethiopia to resume dam talks

    The Grand Ethiopian Renaissance Dam, set to be Africa's largest hydroelectric project when completed, has sparked an almost decade-long diplomatic stand-off between Addis Ababa and downstream nations Egypt and Sudan. Ethiopia says the project is essential to its development, but Cairo and Khartoum fear it could restrict their citizens' water...
  • Ethiopia to build local rival to Facebook, other platforms

    Social media services have previously been closed in the country over the past year
  • Sisi talks tough with Ethiopia, warns Egypt’s water share is a ‘red line’

          Egypt fears that plans to fill the Grand Renaissance Dam will allow Ethiopia to control the flow of Africa’s longest river On completion of the dam, which Ethiopia is building, it will serve as Africa’s biggest hydroelectric power plant     In a stern warning to Ethiopia,...
  • Ethiopia’s disputed dam filling raises tension ahead of UN meeting

    Security Council meeting was requested by Tunisia on behalf of Egypt and Sudan Tunisia has also submitted a draft resolution calling on Ethiopia to cease filling the reservoir Ethiopia has started the second phase of filling the reservoir of its mega-dam on the upper Blue Nile, Egypt and Sudan said,...
  • Egypt upset as Ethiopia starts second phase of filling mega-dam on Nile River

    The Grand Ethiopian Renaissance Dam has been a source of conflict between Addis Ababa, Egypt and Sudan since construction began Egypt said the move was "a violation of international laws and norms that regulate projects built on the shared basins of international rivers." Ethiopia says it has started the next...
  • Covid-19 variant: Saudi suspends UAE flights

    The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad The UAE  is a key leisure destination for Saudis. Saudi Arabia has suspended flights to the UAE, Ethiopia and Vietnam, including the neighbouring United Arab Emirates, to protect against "a mutated strain of the...
  • Saudi Arabia forbids travel to and from UAE, Ethiopia, Vietnam

    Ban to ensure the variant is kept out of the kingdom All travelers to the kingdom will have to undergo quarantine Alarmed at the outbreak of more infectious variants of the coronavirus in the world, and its neighborhood, Saudi authorities are banning travel, without prior permission, to and from the...
  • US, Ireland, UK request UN Security Council meeting on Tigray: diplomats

    The meeting could be held on Friday Since the war began in November, the West has yet to succeed in organizing a public session on Tigray   The United States, Ireland and Britain have called for an emergency UN Security Council public meeting concerning Ethiopia’s war-torn Tigray, where rebel fighters...
  • DP World opens new container terminal at Berbera Port in Somaliland

    This follows completion of the first phase of the port expansion project, which DP World has undertaken with an outlay of $442 million Somaliland looks to take strategic advantage of the facility, which includes setting it up to act as the default port for neighboring landlocked country Ethiopia   Dubai-based...
  • UAE, Ethiopia start-ups among 100 awardees at WEF’s 2021 Technology Pioneers cohort

    The start-ups include new leaders in AI, cybersecurity, robotics, and others using tech to address gaps in healthcare, financial access and more This year’s cohort has the highest gender diversity yet, with over 30% of companies led by women One start-up each from the United Arab Emirates and Ethiopia is...