United Arab Emirates signed labour agreement with Ethiopia

United Arab Emirates signed labour agreement with Ethiopia

borkena December 19,2018 The Ministry of Foreign Affairs of Ethiopia disclosed today that Ethiopia signed a bilateral labour agreement with United Arab Emirates (UAE) Workeneh Gebeyehu, Minister for Foreign Affairs, and Nasser bin Thani Juma Al Hamli, UAE’s minister for Human Resources and Emiratization in Abu Dhabi,signed the agreement. The ministry said that the agreement […]

Dashen Bank gross profit grew by 8.3 percent

Dashen Bank gross profit grew by 8.3 percent

borkena December 5,2018 Dashen Bank has amassed over 1.14 billion birr gross profit in the past financial year which is an increase of 8.3 percent. The growth on the profit before tax has stood at 8.3 percent compared with a year ago. Despite political instability and shortage of hard currency affected the economy the report […]

Raya Brewery share sale brings significant profit to United Insurance

Raya Brewery share sale brings significant profit to United Insurance

By Frehiwot Yohannes borkena December 3,2018 The share transfer of Raya Brewery has increased the earnings of The United Insurance Company (UNIC), by 95 percent. The significant profit growth is pushed by the capital gain from the share transfer of Raya Brewery which is fully controlled by BGI International. BGI owned 42 percent of the […]

Adulterous trade creates fuel shortage

Adulterous trade creates fuel shortage

By Frehiwot Yohannes borkena December 3,2018 The adulterous fuel trade in the capital Addis Ababa and regional towns caused gasoline shortage in the past two weeks, a critical shortage of benzene in the past two weeks and creates complaints from drivers that they spend long hours at gas stations in the city. The increasing of […]

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