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Ethiopian detainees in UAE jails set to be released.

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The Ethiopian government says all its nationals being held in jails in the United Arab Emirates (UAE) are due to be released soon.

This follows a meeting between Prime Minister Abiy Ahmed and UAE Crown Prince Sheikh Mohammed bin Zayed in Abu Dhabi over the weekend. Addis Ababa said they were now waiting for numbers and subsequent action.



Abiy crossed to UAE after what government said was a successful visit to the Kingdom of Saudi Arabia – his first trip outside of the continent.

In Dubai as in Riyadh, the two leaders discussed issues of mutual interest and looked at ways to better strengthen bilateral relations.

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Whiles in Saudi, PM Abiy also secured the release of 1000 Ethiopian prisoners – comprising 900 men and 100 women. Close to 700 of that contingent have since been flown back to Addis Ababa.

The Premier also visited the family of a young Ethiopian who became victim to a botched surgery in a Riyadh hospital.

His Chief of Staff, Fitsum Arega, late Sunday disclosed that Saudi Arabia had agreed to fully compensate the parents of Mohammed and to facilitate his return home to continue with treatment.

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Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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