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Ethiopian government is planning to establish Construction Industry Council to regulate the construction sector. A draft regulation prepared by the Ministry of Urban Development and Construction for the past two years is set to be tabled to the Council of Ministers in a month time.

The regulation is drafted drawing on the experiences of countries such as, the U.S, China, India and Korea.

Ethiopian Airlines is planning to buy or lease up to six more 787 Dreamliner passenger jets by 2018 as it expands its destinations in Asia and South America, its CEO told Reuters.

"We are looking at another five or six by 2017/18. We always maintain a 60/40 percent balance, with 60 percent owned and 40 percent leased," Tewolde Gebremariam said on the sidelines of a global airline industry conference.

Ethiopia and Italy signed a three-year 2013-2015) cooperation framework agreement amounting to 98.9 million Euros on 30 May, 2013, in Addis Ababa, Ethiopia. The agreement will focus on agriculture, rural development, and provision of basic services.

Finance and Economic Development State Minister Ahmed Shide and Vice Minister of Foreign Affairs of Italy Lapo Pistelli signed the agreement. Add a comment Add a comment

The Addis Ababa City Administration collected more than 176 million birr from auctioning 58 plots at the third round land lease auction.

Plots allocated for residence purpose attracted the highest bid in the latest auction round opened the past week. A 173sqm plot for residence around Ayat Real Estate area bring 12,875 Ethiopian birr per sqm.

Most of the plots auctioned in Bole sub-city fetched over 9,000 birr per sqm. The least price offered in this sub city being 8,195 birr per sqm for a 175 meter square plot of land.