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Israel is interested in sharing expertise and technology in the areas of agricultural extension, research, irrigation, livestock and poultry development among other areas with Ethiopia according to Orit Noked, Minister of Agriculture and Rural Development of the State of Israel.  

It is important to Israel to share agricultural expertise with Ethiopia said Noked at a  meeting held with Hailemariam Desalegn Deputy Prime Minister and Minister of Foreign Affairs of and Tefera Deribew, State Minister for Agriculture.

The two sides agreed to establish a technical committee to identify areas of common interest to enhance bilateral relations between the two countries in the area of agricultural development.

Ethiopia is set to privatize six enterprises through auction as the financial year winds down. Ghion Hotel and Awash Winery are expected to be part of the six according to sources.

The minimum price set for Ghion Hotel is expected to be between 100 and 150 million US dollars whereas the indicative price for Awash Winery will be set at 438 million birr according to unofficial sources.

This was not confirmed by Wondafrash Assefa, Director of Corporate Communications for the Privatization and Public Enterprises Supervising Agency.

The House of Peoples Representatives Ethiopia ratified a double taxation avoidance agreement reached with China, Egypt, India and Sudan.

The agreement means that business owners that are nationals of these countries or Ethiopian business people operating in their jurisdiction will not be required to pay tax on the same declared income.

Taxable gains in one country will not be taxed twice by the country in which the gains are earned and in the country of residence of the business person.

The 2012 Pioneer Ethiopian Diaspora Business Person Award will be shared by Tadiwos Getachew, Founder and Chief Executive of Boston Partners and Zemedeneh Negatu, Managing Partner of Ernst and Young, Ethiopia and Head of Transaction Advisory Services for Ernst and Young LLP in East Africa.

The award organized for the second time by an Ethiopian Diaspora business and investment group will be held on the 14th of July at the Grand Hyatt Washington according to a statement released by the organizer.

Tadios and Zemedeneh are acknowledged for being inspirational role models for other Diaspora business people by being introducing innovation in their respective sectors and by taking risks in untested areas noted the statement.