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 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
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
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
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
There haven’t been many films about Israelis of Ethiopian descent and even fewer television series, so the new Hot series Indal, which focuses on a group of Ethiopian young people in Ashdod, breaks new ground. The hero is Indal (Yaniv Almench), who articulates his credo early in the first episode, saying, “All our lives, our parents were nice. The series was created by Indal Kebede and Ori Weisbrod, and directed by Asaf Korman (Next to Her), and was inspired by Kebede’s own experiences. Kebede has spoken about the challenge of casting mostly non-professional actors in Indal, because there simply were not enough Ethiopian actors of the appropriate age. Although it’s not surprising in a series on this topic, Indal is very violent, from the opening scene on, and viewers should be forewarned.
Source:Ethiopian News
June 24, 2024 16:38 UTC
It's also on the menu at the Taste of Diversity, an annual West Side food festival that celebrates the various cultures and cuisines of Buffalo residents. Pinoy Boy is one of around a dozen food vendors participating in the Taste of Diversity. “You can really have anything from Thai food to pastelillos to whatever else. There’s plenty of things going around to try.”Like other "taste of" festivals, attendees purchase $1 tickets, which they use to buy small "taste" portions or larger meals from the food vendors. Buffalo Myanmar Water FestivalThis festival, celebrating the Myanmar New Year, will share Grant Street with the Taste of Diversity.
Source:Ethiopian News
June 24, 2024 15:05 UTC
Leaders of hundreds of Chinese and Ethiopian companies participated in the event held last Friday and organized by the Beijing Sub-Council of the China Council for the Promotion of International Trade and the Beijing International Chamber of Commerce. Ethiopia’s Minister of State for Finance for Economic Cooperation Semereta Sewasew stated that bilateral relations are based on the principles of mutual benefit, respect and trust, which greatly contributes to Ethiopia’s rapid economic growth. “Over the past two decades, Chinese companies have successfully implemented more than 70 large and medium-sized projects, including two railway projects, power substations and transmission lines and telecommunications modernization,” she stressed. Sewasew recalled that Ethiopian-Chinese economic cooperation began in 1971, and mentioned the development of national mega projects with the support of China, including highways, airport terminals, and various manufacturing industries. “In the first five months of this year, Chinese companies invested more than 200 million dollars in about 100 projects in Ethiopia, creating more than 18 thousand local jobs,” he concluded.
Source:Ethiopian News
June 24, 2024 14:34 UTC
While not mandatory, performing a preliminary search before registering a trademark in Ethiopia is highly recommended. Validity and non-useA trademark in Ethiopia is valid for consecutive periods of seven years from the date of application. Applicants need only submit a power of attorney legalised up to an Ethiopian consulate to file a renewal. Recordal of Change of Name: Requires a power of attorney and certificate of change of name, both legalised up to an Ethiopian consulate with verified English translations. Recordal of Change of Address: Requires a power of attorney and certificate of change of address, both legalised up to an Ethiopian consulate with verified English translations.
Source:Ethiopian News
June 24, 2024 14:15 UTC
Every so often, several “small things” about Israel pile up and drive me crazy. Compare them to: “Operation Protective Edge,” “Operation Pillar of Defense,” and “Operation Cast Lead” (and now “Operation Swords of Iron”). Right now, Israel does not need to appeal to American Republicans and independent conservatives. Does Israel not have five English-speaking Ethiopian Jewish women, each with at least half a brain, in the whole country? These are three of many things I never will understand about Israel.
Source:Ethiopian News
June 24, 2024 13:28 UTC
Ethiopian Fereweyni Hailu, Leonardo Fabbri, Natalia Kaczmarek, and Andreas Kramer provided the standout performances of the Szewinska Memorial in Bydgoszcz, as meeting records took a tumble at the World Athletics Continental Tour Gold meeting. The 2022 Sweden 1500m champion stayed close to the pacemaker through the early laps, then maintained the tempo on the final lap. The first nine athletes finished inside the previous meeting record of 4:03.86, five of them setting PBs. The world silver medalist from Italy opened with 21.54m, which would have ultimately been sufficient to win, but then improved to 21.92m and 22.03m. After a foul in round four, he unleashed his best throw of the day, 22.38m, in round five before ending his series with 22.28m.
Source:Ethiopian News
June 24, 2024 13:23 UTC
Singapore also won for Best First Class service and Best Airline in Asia. ANA, meanwhile, picked up the accolade for World’s Best Airport Services, as well as Best Airline Staff Service in Asia. Saudia was named World’s Most Improved Airline, beating Taiwan’s Starlux and Iceland’s Play into second and third places. Singapore’s Scoot was named the World’s Best Long Haul-Low Cost Airline. Delta Air Lines was declared the Best Airline in North America, also picking up the award for Best Airline Staff Service for the region.
Source:Ethiopian News
June 24, 2024 12:53 UTC
After US prosecutors reportedly told the Department of Justice (DoJ), alleging that Boeing had broken a settlement linked to two deadly crases of the 737 Max aircraft, the US aerospace firm may now face criminal charges. According to media sources, the DoJ's officials have until July 7 to determine whether to press criminal charges against Boeing based on the recommendation of the case's prosecutors. "Boeing's employees chose the path of profit over candour," the DoJ stated at the time of the settlement. Watch | Whistleblowers highlight Boeing safety lapses × The deal was supposed to expire in January, which would have given Boeing one less thing to worry about. A source stated that Boeing may be charged with more offences in addition to the initial 2021 fraud conspiracy indictment.
Source:Ethiopian News
June 24, 2024 12:20 UTC
Yomif Kejelcha took a thrilling narrow win at the Ethiopian 10,000m Olympic trials held in Nerja, Spain. The 26-year-old smashed his lifetime best by 18 seconds to clock a world-leading 26:31.01 after an incredibly tight sprint with Berihu Aregawi, who also improved his career best to 26:31.13. The third spot on Ethiopia’s team for Paris went to Olympic champion Selemon Barega, who was timed at 26:34.93. On a mild (21C), windless night and in a race with good pacemaking, Aregawi, Kejelcha, Barega, and Mehari went through the halfway mark in 13:17. Shortly after reaching the bell, Barega began to fade, and the event became a two-way showdown between Aregawi and Kejelcha.
Source:Ethiopian News
June 24, 2024 12:11 UTC
The existing proclamation, which was issued sixteen years ago, has been significantly altered by the new law. The draft proclamation that will amend the proclamation no 592/2008, issued in 2008 and amended in 2019, will allow banks to form subsidiaries. It states that the NBE may allow for the establishment of a specialized bank or conversion from/to a specialized bank. The highly anticipated proclamation includes provisions for foreign players to establish partially or fully owned foreign bank subsidiaries, open foreign bank branches, establish representative offices, or acquire shares of a bank. It also states that foreign nationals, other than foreign banks and foreign-owned Ethiopian organizations, may acquire shares in banks.
Source:Ethiopian News
June 24, 2024 12:11 UTC