The privatization bid for the biggest state-owned hotel, Ghion Hotel Enterprise, once again failed to attract interested buyers on the bid opening day held on Friday. Even though the bid opening was expected to be well attended by parties interested in the acquisition of the hotel, no bid documents were submitted for Ghion when the sealed box was opened in the bid hall of the Privatization and Public Enterprises Supervising Agency (PPESA).

Real Estate development is considered one of the biggest business investments in the country with the transaction of billions of birr in the market. In relation to the projected future housing demand, in addition to the existing need, the actors in the sector are increasing in number, while problems that the sector faces are growing in leaps and bounds. The trend of real estate development in the country is inconsistent and lacks uniformity. Regulation for dispute resolving mechanisms between developers and clients have not been clearly established so far, but the government is taking steps to amend this shortcoming in the current fiscal year.

Metals and Engineering Corp., an Ethiopian military-run corporation, said it plans to partner with more foreign companies as it spearheads a government-drive to develop industries in Africa's second-most populous nation.

The Boeing 787 Dreamliner, which was hailed as a 'game changer' with the state of the art technology, is in trouble with all the 50 aircraft currently under service around the world being grounded. The aircraft have encountered a series of mishaps in the past few months since its debut early in 2012. The most serious setback yet is this past week’s battery fire that forced an All Nippon Airways’ (ANA) aircraft to make an emergency landing.

Holland Car Plc customers, who did not get their automobiles delivered sued not only the company, but also Zemen Bank and their own committee. The Lideta Federal High Court 8th Civil Bench started to hear the case on Monday January 14.

Comguard to showcase its growing portfolio of products and solutions during Gitex Technology Week

የ2005 በጀት ዓመት 137 ቢሊዮን 836 ሚሊዮን 47 ሺ 105 ብር የፌዴራል መንግሥት በጀት ትናንት በተካሄደው የህዝብ ተወካዮች ምክር ቤቱ አስቸኳይ ስብሰባ ፀድቋል።

የኢትዮጵያ ምርት ገበያ በአደረገው የአመራር ሽግግር የምርት ገበያው መስራችና ከፍተኛ አመራር ሰጪ የነበሩት ዶክተር ዕሌኒ ገብረ መድኅን የአመራር ሰጪነታቸው ቦታ በሌላ እንደሚተካ ዛሬ አስታወቀ።

The board of directors of the bank told shareholders, the full Islamic banking operation will not be visible due to the National Bank of Ethiopia (NBE) directive that was ratified in September 2011, barring Islamic banking.