UAE Bans Meat Imports from Ethiopia
The United Arab Emirates (UAE) had put an indefinite ban on all meat imports from Ethiopia starting from October 1, 2015, according to Addis Fortune.
UAE Company to Setup Aluminum Factory in Ethiopia
The United Arab Emirates (UAE) based, Al Ghurair Group, is going to set up an aluminum factory in joint venture with Tracon Trading Plc at an outlay of U.S. $ 50 Million here in Ethiopia.
UAE Firm to Expand Oil Refinery in Djibouti
Al Brooge Securities Company, which acquired 75 percent stake in a Djibouti Oil Refinery, is set to invest 150 million dollars to increase its daily output, Husam Alameri, CEO of the company, said.
Alameri said that the acquisition deal had been concluded with investors from the UAE and Saudi Arabia. He said that the new owners would spend 150 million dollars to increase by 150 percent the refinery's current capacity of 40,000 barrels per day of Arabian Light Crude and Arabian Heavy Crude to 100,000 barrels per day.
The chief executive officer said that the next expansion phase would start in the six months period.
UAE Lifts Ban on Meat Imports from Ethiopia
The United Arab Emirates (UAE), Ethiopia’s largest meat export destination had lifted a ban it imposed on all meat imports from Ethiopia.
UAE Signs a 3 Billion Dollar Agreement with Ethiopia
The United Arab Emirates agreed to give Ethiopia a total of USD 3 billion in aid and investments.
The UAE agreed to alleviate the shortage of foreign currency by depositing USD 1 billion in the National Bank of Ethiopia. As per the agreement, the remaining 2 billion dollars will be allocated for different investment programs such as industrial parks, manufacturing, hospitals, hotels, and malls.
