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GBP Global Resource, a Russian energy company, concluded an agreement with Ethiopia’s Ministry of Mines for the purpose of oil- exploration.

Ethiopian Airlines announced it has made some improvements to it’s daily flight schedule to Frankfurt, Germany, from Addis Ababa. The amended schedule is going to be implemented starting from Monday, September 8, 2014.

Document Authentication & Registration Office (DARO) announced it launched new registration and authentication method for share companies which only require the presence of half of the shareholders plus one.

Ethiopia is awarded an international award for making tourism resources a major source of income.
During a panel discussion that started on Wednesday, July 16, 2014,

Ethiopia’s flag carrier, Ethiopian Airlines, announced it has started flying daily to Arbaminch, Gambella, Jigjiga and Assosa towns.

A one Billion Birr building for the two Ethiopian Federal Houses, House of Peoples’ Representatives (HPR) and House of Federation (HoF), has been planned to be constructed.

Business-to-business meeting aimed to further strengthen multi-faceted business between India and Ethiopia was held in Addis Ababa between the Ethiopian Chamber of Commerce and Sectorial Associations (ECCSA) and Confederation of Indian Industries (CII).

For the supply of 2000 ATMs and 4000 PoSs, Commercial Bank of Ethiopia (CBE) shortlisted two companies, one a Moroccan company and the other a local company.

Addis Ababa’s Micro and Small-scale Enterprises Development Bureau announced it will start implementing a new system which integrates support from the government to SMEs as well enhance mutual support between themselves.

In addition to VISA, MasterCard and UnionPay, the Ethiopian Bank, Dashen Bank, will be accepting American Express Cards starting from Saturday, July 26, 2014. Nonetheless, the service will at first be accessible only for those who have acquired the card from foreign banks.