Israeli citizen, girlfriend missing in Phillipines
“I alone can fix it,” former President Donald Trump likes to boast. He does that a lot and incredibly some people even believe him. It’s really a dodge, not a promise. Many veteran Trump watchers say that’s because he never really intended to fix anything, doesn’t care or maybe just can’t deliver, as long as people believe it.
Source:Ethiopian News
June 25, 2024 09:38 UTC
Ethiopia seeks extension of G20 debt suspension amid ongoing IMF negotiations
The Ethiopian government is hoping that the G20 countries’ decision to suspend debt service will be extended for a longer period. The State Minister of Finance, Eyob Tekalegn, informed the Budget and Finance Affairs Standing Committee at the budget hearing on Monday, June 24, that the debt service suspension, which was scheduled to expire on June 30, will be further extended. To expedite Ethiopia’s negotiations on the Common Framework (CF), which aims to restructure debt service for poor countries, and to wrap up discussions with the International Monetary Fund (IMF) that are anticipated to release funds for the nation, the G20 countries granted Ethiopia a debt suspension in the budget year ending on July 7. According to Eyob, the negotiations under CF are progressing well. “We will stay on the same course in the upcoming months, which might result in further suspension of debt service.”Ethiopia was the first nation to request debt treatment under the Common Framework in early 2021, but it has taken more than three years to complete the process.
Source:Ethiopian News
June 25, 2024 09:24 UTC
Tigray’s women rally against ongoing atrocities, demand end to gender violence
(Photo: Addis Standard Source)Addis Abeba – A large demonstration was held today in Mekelle by women demanding an end to violence against women in the region. The protesters called for justice for victims of sexual violence, kidnappings, and other abuses. Semhal Kid, one of the organizers, told Addis Standard that women and girls have been enduring these atrocities “at the hands of various fighting forces” and continue to face threats. She argued that society has failed to protect women and called for an end to the ongoing violence. Protesters called for an end to the violence and for those responsible to be held accountable.
Source:Ethiopian News
June 25, 2024 09:22 UTC
Ethiopia to Introduce Medical Institution Accreditation
The Ethiopian Accreditation Service announced plans to begin accrediting the general services of medical institutions. This move aims to build quality infrastructure and increase trust in Ethiopian products and services. Ethiopian Accreditation Service Director Bonsa Bayisa stated preparations are underway to recognize health institutions, aiming to improve service quality. During the World Accreditation Day celebration, accreditation was granted to various institutions meeting the requirements in their fields. This recognition was lauded for enhancing service quality and international acceptance of Ethiopian products and services.
Source:Ethiopian News
June 25, 2024 04:32 UTC
Moscow expects to sign new co-operation pact with Iran in 'very near future', RIA reports
Moscow expects to sign new co-operation pact with Iran in ‘very near future’, RIA reports(Reuters) – Moscow expects to sign a new agreement on comprehensive cooperation with Iran “in the very near future,” Deputy Russian Foreign Minister Andrei Rudenko told Russia’s RIA state news agency in an interview published on Tuesday. “We expect that this agreement will be signed in the very near future, since work on the text is already close to completion. Earlier in June, Russia’s foreign ministry said that work on the agreement was temporarily suspended, while Iran said there was no break in preparing the new pact. Russia and Iran signed a 20-year strategic agreement in 2001 that was automatically extended in 2020 for five years, according to Russia’s TASS state news agency reports. Both sides also agreed in 2020 to work on a new pact that would replace the old document.
Source:Ethiopian News
June 25, 2024 03:51 UTC
Inaugural Ethiopian Airlines flight arrives for historic Afreximbank Annual Meetings (AAM 2024) in The Bahamas
By LINDSAY THOMPSONBahamas Information ServicesNASSAU, The Bahamas — Just before 5pm on Tuesday, June 11, 2024 Ethiopian Airlines – a Boeing 787-8 Dreamliner — touched down at Jet Aviation bringing 241 delegates for the historic 31st Afreximbank Annual Meetings (AAM 2024), and the Third Edition of the AfriCaribbean Trade and Investment Forum (ACTIF) in the capital. It was also history in the making for Ethiopian Airlines – its inaugural flight to The Bahamas: touching down under hazy skies and warm conditions indicative of June weather. On April 11, 2024, The Government of the Commonwealth of The Bahamas and African Export-Import Bank (Afreximbank) signed an Agreement for The Bahamas to host the 31st Afreximbank Annual Meetings (AAM) and the third edition of the AfriCaribbean Trade and Investment Forum (ACTIF) from 12 – 14 June 2024. At that signing, Prime Minister Davis underscored the importance of his country hosting the historic meetings. The AfriCaribbean Trade and Investment Forum (ACTIF) will be marked by colourful events to celebrate shared AfriCaribbean culture, as well as elevate the essence of the two regions’ shared socio-economic aspirations.
Source:Ethiopian News
June 25, 2024 03:33 UTC
Díaz has go-ahead 2-run single in 3-run 8th as Rays beat Mariners 4-3
Díaz has go-ahead 2-run single in 3-run 8th as Rays beat Mariners 4-3ST. PETERBURG, Fla. (AP) — Yandy Díaz had a two-run single in a three-run eighth inning and the Tampa Bay Rays rallied to beat the AL West-leading Seattle Mariners 4-3 on Monday night. Closer Andrés Muñoz loaded the bases with a walk to José Caballero, and Díaz followed with a tough-hop single to right. Díaz extended his career-best hitting streak to 17 games with a third-inning single. Rays: 2B Brandon Lowe (broken right pinkie toe) and Amed Rosario (facial lacerations) remain out of the lineup. UP NEXTSeattle RHP Luis Castillo (6-8, 3.63 ERA) and Rays RHP Zack Littell (2-5, 4.20 ERA) are Tuesday night’s starters.
Source:Ethiopian News
June 25, 2024 02:36 UTC
3News Investigates: 2 federal agents accused of unlawfully detaining truck driver at Medina County bar
The agents held the truck driver because they believed — without any apparent evidence — that he was an illegal immigrant. The agents held the truck driver because they believed — without any apparent evidence — that he was in the U.S. illegally. However, 3News has learned that they are actually members of task forces for the DEA and ATF, and not special agents. The driver added that he was just having a drink when the federal agents approached him and accused him of being in the country illegally. One of the police officers involved in the incident was an ATF Task Officer, but he is not currently serving in that capacity.
Source:Ethiopian News
June 25, 2024 01:13 UTC
Ethiopia emerges as leading destination for foreign direct investment in East Africa
In the vibrant landscape of East Africa, Ethiopia stands tall as a beacon of economic progress. In 2023, it secured a staggering $3.3 billion in foreign direct investments (FDI), more than its neighbours Kenya and Uganda. ADVERTISEMENTAccording to the EIC data, China has played a pivotal role, accounting for nearly half of all FDI projects in Ethiopia. In January 2024, Safaricom Ethiopia announced that the number of M-Pesa users had nearly tripled in four months to 3.1 million, with transactions worth $115.3 million. ADVERTISEMENTIn comparison to last year’s figures, UNCTAD's report reveals a 3% decrease in FDI inflows to Africa, totalling $53 billion.
Source:Ethiopian News
June 24, 2024 22:08 UTC
Ireland to nominate finance minister McGrath for EU Commission, source says
Ireland to nominate finance minister McGrath for EU Commission, source saysDUBLIN (Reuters) -The leaders of Ireland’s three governing parties agreed on Monday to nominate Finance Minister Michael McGrath as the country’s representative on the European Commission, a source familiar with the matter told Reuters. McGrath, who served as public expenditure minister for two-and-a-half years before moving to the finance brief in December 2022, was responsible for setting up a new sovereign wealth fund last year to ease future healthcare, pension and climate costs. The commissioner nomination, which is set to be formally approved by cabinet on Tuesday, was first reported by the Irish Times and Irish Independent. The move will require the government to name a new finance minister to put together its final budget before elections that are due within months. National broadcaster RTE reported that McGrath’s replacement would be announced on Tuesday.
Source:Ethiopian News
June 24, 2024 21:56 UTC
Jordan police say they detonated explosives hidden in a warehouse in capital
Jordan police say they detonated explosives hidden in a warehouse in capitalBy Suleiman Al-KhalidiAMMAN (Reuters) -Jordanian security forces said they uncovered and detonated explosives hidden in a commercial warehouse in an industrial area southeast of the capital Amman on Monday that security sources say were part of an Iran-linked plot to destabilize a key U.S. ally. Witnesses earlier said security forces had sealed the Abu Alanda area in a wide scale security operation two days after authorities announced they had detonated explosives uncovered in another location in the capital. The authorities said the explosives found on Monday were hidden by the same group of suspects who stored the explosives uncovered on Saturday in a crowded residential area close to a military airport used by U.S. army planes. Security sources say some of the arms are bound for the neighboring Israeli-occupied West Bank, adding that they have arrested several Jordanians linked to Palestinian militants. Security officials said the incidents were terror-related based on the quantities of explosives found.
Source:Ethiopian News
June 24, 2024 21:29 UTC
Genesis of capital markets, one pitfall investors to watch out and what is the approach Ethiopian Capital Market Authority is following?
However, the modern form of capital markets, specifically the stock market, began to take shape much later. The history of the stock market dates back to the 1500s when it began taking shape in Antwerp and London. The initial trading activity mostly included government bonds and bank stocks until the official launch of the New York Stock Exchange in 1817, nineteen years before the New York Stock Exchange the London Stock Exchange was officially formed in1773, However, the London Stock Exchange restricted shares, and the New York Stock Exchange immediately traded stocks. Though Ethiopia’s Capital Market is its formulation stage, it would worth pointing out some of the pitfalls that investors/ market participants need to understand. It would be insightful to hear from the Ethiopian Capital Market Authority, if they are anticipating market concentration (banking institution) and if so, how they intend to deal with it.
Source:Ethiopian News
June 24, 2024 18:08 UTC
Autobiographer Ezra Ejigu honored as Exemplary Person of the Year
The Adwa Historical and Cultural Alliance in Dallas has awarded its 8th Exemplary Person of the Year Award to journalist and autobiographer Ezra Ejigu. Ezra Ejigu has authored numerous biographies and personal histories, including a CD/DVD biography of the country’s Tsehafe Tezaze Akililu. This year’s Exemplary Person Award was presented to Ezra Ejigu by a panel of 15 distinguished individuals, including the “father of Ethiopian tourism” Habteslasse Tafesse, painter Werku Mamo, Colonel Kassa Gebremariam, architect Faisal Giorgis, and playwright Ayalneh Mulatu. Through his tireless efforts to preserve and share personal narratives, Ezra Ejigu has made an invaluable contribution to documenting Ethiopia’s rich cultural heritage. This award recognizes his exemplary work in the field of autobiography and personal history.
Source:Ethiopian News
June 24, 2024 18:08 UTC
Ethiopian Airlines Crowned as 2024 African Best Airlines
0 shares ShareTweetPinAddis Ababa, June 24, 2024 (Addis Walta) African aviation giant, Ethiopian Airlines, crowned for the 7th consecutive times as best African Airlines of 2024 by SkyTrax Awards held today at London Fermont Windsor Park. In addition, Ethiopian awarded in three categories-Best Business Class in Africa, Best Economic Class in Africa and Best Economic Class Onboard Catering in Africa. Ethiopian Airlines Group CEO, Mesfin Tasew, said, “We are pleased to have proudly received the prestigious World Airline Award 2024 for the seventh consecutive year. At Ethiopian Airlines, our unwavering dedication to customer-centric innovation has been pivotal to our success. Singapore Airlines slipped 2nd position this year.Emirates, ANA All Nippon Airways, Cathay Pacific Airways and Japan Airlines respectively ranked from 3rd to 6th position, according to SkyTrax Airlines Award.
Source:Ethiopian News
June 24, 2024 17:51 UTC