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Arab League’s Ambassador to Ethiopia and African Union (AU), Saleh Sahabun, noted the organization is encouraging Arab nations to strengthen their ties with Ethiopia.

The World Bank (WB) disclosed there is a need to strengthen competitiveness in the Ethiopian economy by diversifying and introducing value added export commodities. According to WB, such shall be done in order to tackle the recent problems such as drop in price the export sector is facing.

Tewolde Gebremariam, Ethiopian Airlines’ Chief Executive Officer (CEO), is awarded a Gold medal by the company’s Board of Directors. He is awarded the medal for his efforts to make the Airline deliver sustainable quality services and profit making company.

A World Bank economist on Tuesday, July 22, 2014 noted Ethiopia must devaluate its currency in order to boost export because the nation’s export commodities are mostly unprocessed products and they need to stay competitive on price.

Foreign investors’ as well as farmers’ participation in rubber tree development is growing, the National Rubber Tree Development Project, noted.

During the previous fiscal year, 2013/2014, Ethiopia managed to earn U.S $ 400 Million from the export of manufactured commodities, Ministry of Industry disclosed.

The Economic Commission for Africa is hosting a meeting in Ethiopia from July 24- 26, 2014 under the theme “Boosting Market Integration and Intra-African Trade through Effective Management of Regional Transport Infrastructure and Services”. The venue for the meeting is the UN Conference Center.

Ethiopian Airlines dubbed its newest Boeing 787 Dreamliner after India’s most famous monument, Taj Mahal.

The American corporation, Dow Chemical Company, opened a subsidiary office in Ethiopia.

Public Service Employees Transport Service Enterprise (PSETSE) is going to merge with Walia Intercity Bus Service Enterprise in order to start giving the awaited transportation service to government employees in less than a quarter of a year.