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For the purpose of maintaining and managing the newly being built Addis Ababa Light Rail Project, Ethiopian Railways Corporation concluded USD 106 Million deals with two Chinese firms; China Railways Group and Shengen Meter Group.

Ethiopia’s executive organ concluded an aggregate of USD 176.87 Million loan and grant with the World Bank (WB) and the African Development Bank (ADB).

The Turkish Construction company, Yapi Merkezi, concluded a USD 3.4 Million deal with Palfinger Sany Mobile Cranes for the supply of cranes and concrete equipment for its 389 kilometer railway project in Ethiopia.

Ethiopian Water Works Construction Enterprise is going to establish a water engineering training institute at an out lay of 200 Million Birr.

Mulatu Lemlemayehu, a former captain of Ethiopian Airlines and owner of Dreamliner Hotel, is setting up a pilot training school as well as a new airline at the cost of 57 Million Birr. The airline has been dubbed East African Aviation.

During an annual award held at the Kuala Lumpur International Airport (KLIA) Ethiopian Airlines, Ethiopia’s flag carrier, was voted as the Best Airline of the Year from Africa by the KLIA.

Ethiopian Airlines graduated a total of 187 aviation professionals on Thursday, November 27, 2014.out of the 187 graduates 93 of them are aviation technicians and 46 of them are marketing professionals. The rest were 48 cabin crews.

Ethiopian Airlines concluded a USD 100 Million deal with the Bahrain based Ibdar Bank for the lease of four Bombardier Q400 NextGen planes.

Turkish investors that are interested to invest in Ethiopia’s capital, Addis Ababa, housing development as well as the city construction works held discussion with President Mulatu Teshome on Thursday, November, 27, 2014.

The state telecom monopole, Ethio Telecom, disclosed it is set to start new services in the near future.