Ethiopian Airlines, Africa’s largest airline, has displaced its Airbus A350-900 aircraft at the Dubai Airshow 2021, which was opened on Sunday. The national flag carrier operates 16 A350-900 aircraft.
The airshow will remain open until Thursday, November 18, 2021.
Dubai Airshow is the third largest airshow that hosts over 1,200 exhibitors and representatives from 148 countries.
Spread the NewsLion Insurance Company has reported a profit of 57.098 million after tax as of July 2021. The insurance company has enabled to write a net premium income of 306,322 million Birr in the stated period. During the reported year the amount of net claims paid was 187,982 million Birr. The total equity of Lion…
Spread the NewsAwash Bank, among the most profitable private banks in Ethiopia has reported a record high net profit of 3.39 billion Birr during the financial year of 2020/21 that was concluded in July 2021. The profit before tax was 4.8 billion Birr. The profit was not only a record high in the history of…
Spread the NewsMelaku Alebel, Minister of Industry said Wednesday that 322 manufacturing industries have curtailed operations due to various predicaments. Previously, 440 manufacturing industries were curtailed operations. “But, 118 companies were resumed productions,” Melaku said. Lack of finance, inputs, deficiency of infrastructure and poor quality, and shortage of foreign currency are among the problems the…
Spread the News The Ethiopian Bulk Fuel Transport Owners’ Association announced Thursday that it will implement a strike in ten days if problems would not be resolved by the government. The number of trucks which transport fuel from Djibouti port has dwindled to 2500 from 3500 that showed a 20% decline. The Association held its…
Spread the NewsThe Ethiopian Commodity Exchange (ECX) announced Thursday that it has launched the trading of four new spices and Vech/Grass Pea through its electronic trading platform. Black Cumin, Greenish Fenugreek, Black Pepper and Coriander are the new spices, which joined the ECX’s digital trading system. On the EXC’s Spices and Vetch trade launching program,…
Spread the NewsDiageo PLC, the world’s leading seller of premium liquors, has sold Meta Abo Brewery to undisclosed buyer. The acquisition of Meta Abo brewery will be finalized in a month, according to sources. But the buyer and its value of acquisition is not disclosed so far. A decision to sell the brewery in a…
