United Bank S.C. reported 282 million birr profit after tax for the fiscal year that ended on June 30, 2013, Fortune reported.
The bank's profit is down by 5.3 percent compared to a year earlier. Its earnings per share has slipped to 47.7 birr from 53 birr.
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The Addis Abeba Chamber of Commerce & Sectoral Associations (AACCSA) awarded International Organisation for Standardization (ISO) 9001:2008 management certificate on November 15, 2013, Fortune reported.
AACCSA was audited by DQS Ethiopia, an assessments and certifications of management systems firm.
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The World Bank and Addis Ababa University (AAU) signed assistance agreement amounting to five million birr on Monday, 2 December, 2013, Ethiopian News Agency reported.
AAU President Dr Admasu Tsegaye and World Bank Ethiopia Country Director Guang Chen signed the agreement.
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Saudi-Ethiopian billionaire, Mohammed Al Amoudi, the largest foreign investor in Ethiopia, is planning to build two more cement plants in Ethiopia, Bloomberg reported.
The Ethiopian Ministry of Mines (MoM) signed a petroleum production sharing agreement (PPSA) with Poly GCL Petroleum Investment Ltd., a Chinese based company, Fortune reported.
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